Latest Trends Headlines

All the headlines from our Trends Topic Page, ordered by recency.

From Litigation to Capital, Florida Insurance Market Improving, Panelists Say

Dec 18 2023 // The Florida property and casualty insurance market is not out of the woods but it is showing signs of progress, from litigation trends to capital investments in the state, according to almost two dozen people who spoke at...

Cannabis Insurance Specialists See Optimism in 2024 Data, Planning for Growth and More Capacity

Dec 15 2023 // From a broad view, data from the cannabis industry fails to paint an informative picture of what lies ahead for the business in 2024 or what the year holds for insurance professionals specializing in servicing the...

Farmers Direct Asks for 20% Auto Rate Increase in West Virginia

Dec 15 2023 // The West Virginia Insurance Commissioner’s Office is accepting comments on a proposed 19.9% auto liability insurance rate increase for Farmers Direct Property and Casualty Insurance Co. The proposed increase is one...

NOAA: Arctic Summer Surface Air Warmest on Record

Dec 15 2023 // A report out this week from the National Oceanic and Atmospheric Administration shows the Arctic summer surface air temperatures were the warmest on record, with some areas, including northern Alaska and Canada, 7.2...

Allianz D&O Outlook: ESG Claims ‘Here to Stay’ and AI Rapping at the Door

Dec 14 2023 // While everyone may be talking about potential risks associated with generative artificial intelligence, a new directors & officers report from Allianz highlights a range of current concerns associated with...

Trends in Auto Thefts Add to Rising Claim Costs

Dec 14 2023 // Vehicle theft rates continue to put pressure on the personal auto insurance market.CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2% in the first half of 2023...

Crypto, Insurance-Linked and Trend Hedge Funds Most Popular With Investors: Report

Dec 13 2023 // Trend-following and niche hedge funds that trade crypto currencies and insurance-linked assets attracted most new investor money in the first three quarters of 2023, according to a global report by research firm Preqin on...

Red Sea Shipping Costs Rise After Houthis Target More Commercial Vessels

Dec 13 2023 // The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships they deem connected to Israel with fears of a spillover that could disrupt global supplies sailing through the...

US Commercial Lines Survey Results Show Aggregate Increase of 6.1% in Q3: WTW

Dec 11 2023 // U.S. commercial insurance prices increased 6.1% in the third quarter, maintaining an upward trend.According to the latest results from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), carriers in the third...

Costs of Small Business Cyberattacks Are Down But Frequency Is Up, Says Hiscox

Dec 7 2023 // The less-than-encouraging news: Only a third (33%) of US small businesses consider cyber risk high or very high.The somewhat encouraging news: 53% of U.S. small businesses have either a standalone cyber insurance policy or...

Rising War Risks Prompt Insurers to Reassess Property Cover in Geopolitical Hot Spots

Dec 7 2023 // Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the breadth and scope of such cover in potential conflict hot spots.Political violence cover, which...

Businesses Feel Prepared Yet Lack Ample Insurance, Says HUB Exec Survey

Dec 7 2023 // When it comes to facing risk in 2024, most organizations are not as prepared as they may think they are.The newly released 2024 HUB Outlook Executive Survey revealed gaps in maintaining financial stability and...

AM Best Maintains Stable Outlook for U.S. Property/Casualty Commercial Lines

Dec 6 2023 // Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its “stable” outlook for...

Attacks on Red Sea Shipping Menace 12% of Global Trade as War Risk Premiums Rise

Dec 6 2023 // Fresh attacks on vessels in the Red Sea are raising insurance premiums for ships in the region and menacing commerce in a conduit for 12% of world trade.War-risk premiums for some vessels have been climbing since shortly...

German Companies Seeking to Cut Risk of Doing Business in China: Survey

Dec 5 2023 // Nearly half of German companies operating in China are taking measures to reduce the risk of doing business there largely due to growing geopolitical tensions, according to a new survey by the German Chamber of Commerce in...

Global Carbon Emissions From Fossil Fuels to Hit Record Peak in 2023: Report

Dec 5 2023 // The Global Carbon Project, an international collaboration of scientists, estimates that worldwide carbon dioxide emissions from burning fossil fuels will rise 1.1% this year over 2022, to 36.8 billion metric tons....

War Risk Insurance Rates Edge Up After Surge in Red Sea Ship Attacks

Dec 5 2023 // War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on Sunday and fears grow over worsening perils for commercial shipping, maritime and insurance sources said on...

US Personal Lines Outlook Continues to Be Negative: AM Best

Dec 4 2023 // The U.S. personal lines insurance industry faces too many daunting challenges, leading AM Best to maintain its negative outlook.The outlook for personal lines was changed to negative in September 2022 – at first due in...

Australia Faces Increased Risk From Bushfires Ahead of El Niño Summer

Dec 4 2023 // Australia faces an increased risk of bushfires during the approaching summer, authorities warned on Thursday, with the El Niño weather pattern expected to generate hotter and drier conditions across large swathes of the...

Hillary Clinton Calls for Reform of Insurance Sector at COP28 Climate Talks

Dec 4 2023 // Former U.S. Secretary of State Hillary Clinton called on Sunday for reform of the insurance sector, where companies are increasingly withdrawing assistance against climate shocks.Lower-income countries and workers in...