All the headlines from our Trends Topic Page, ordered by recency.
Oct 31 2024 // At New Century Motorcycles in Alhambra, a handful of electric motorcycles are relegated to the back of the store, tucked behind the dirt bikes. The store sells one a month, at most, a salesperson said.Motorcyclists have...
Oct 30 2024 // Realtors in California are reporting more difficulty selling homes because of the insurance crisis, according to a survey from the California Association of Realtors.The group surveyed its members and found 13% reported a...
Oct 29 2024 // Costly reinsurance, inflation, tough regulations, and increasing weather-related claims are driving up property insurance prices—and in turn, that is impacting commercial real estate returns, valuations, and...
Oct 28 2024 // Liberty Mutual Insurance today said it expects up to $900 million in losses from hurricanes Helene and Milton.Parent Liberty Mutual Holding Company (LMHC) in a statement released some preliminary third quarter information...
Oct 24 2024 // Louisiana Senator Bill Cassidy released a report Thursday critical of the National Flood Insurance Program’s adoption of Risk Rating 2.0.The report, “The Flood Insurance Crisis: A Comprehensive Breakdown of...
Oct 24 2024 // AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+”...
Oct 24 2024 // Commercial insurance rates during the third quarter in the U.S. increased 3%, with casualty rates up 10%.According to Marsh’s Global Insurance Market Index — which noted the first decline in global commercial rates...
Oct 24 2024 // Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the...
Oct 24 2024 // The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions.The ninth annual LexisNexis U.S. Home...
Oct 23 2024 // An increase in Russian attacks on Ukrainian port infrastructure in recent weeks threatens food shipments to destinations from Gaza to southern Africa, the UK warned.British intelligence has detected a “noticeable...
Oct 22 2024 // Allianz SE is in talks to scrap two Indian joint ventures with Bajaj Finserv Ltd., in a dispute over the direction of the partnership, according to people familiar with the matter.Allianz plans to exit Bajaj Allianz Life...
Oct 22 2024 // Almost two weeks after Hurricane Milton made landfall near Sarasota, Florida, as a Category 3 storm, claims and loss totals continue to rise. As of Oct. 21, the Florida Office of Insurance Regulation said carriers had...
Oct 21 2024 // Sustainable investments in emerging markets are facing a reckoning as environmental, social and governance strategies crumble under the weight of ongoing capital outflows and the appeal of higher-yielding energy bonds.ESG...
Oct 21 2024 // This post is part of a series sponsored by Selectsys.The insurance industry is undergoing a digital transformation, with companies increasingly adopting cloud-based solutions to enhance their operations. Cloud technology...
Oct 21 2024 // Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency Universe Study. That number is significantly higher than between 2020 and 2021, during...
Oct 21 2024 // The insurance industry, traditionally rooted in face-to-face interactions and extensive documentation, is undergoing a significant transformation with the rise of video marketing.As digital communication becomes the norm,...
Oct 21 2024 // We often take for granted the resources and materials that help us run our businesses and build our homes. Steel, cement, plastic — building blocks such as these have afforded us the flexibility to grow our...
Oct 21 2024 // That used to be one of my biggest beefs as an agency owner — I have all of these pieces of tech and none of them talked to each other,” Vonda Copeland, co-owner and vice president of operations at Copeland...
Oct 17 2024 // The annual average insurable losses in the last decade increased in Canada by a whopping 379%, when compared to the prior 30-year average, according to an analysis from MyChoice, a Toronto-based insurtech company.The...
Oct 16 2024 // Texas Insurance Commissioner Cassie Brown issued an order this week disapproving Texas Windstorm Insurance Association’s proposed 10% increase to property and commercial rates.The Department Department of Insurance...