All the headlines from our Trends Topic Page, ordered by recency.
Dec 4 2023 // Symphony Grow, the specialty business of Symphony Risk Solutions, appointed Michael H. Sampson as senior director of legal affairs and risk management. Sampson joins Symphony from Leech Tishman Fuscaldo & Lampl, where...
Dec 4 2023 // Agency owners must watch and learn about major trends when they start. Following are key trends that insurance agencies should be tracking for 2024.1. Insurtech Several trends are emerging in the insurtech...
Dec 1 2023 // (Bloomberg) — A roughly 13,000-square-foot, full-floor penthouse and roof at the Rosewood Residences, a 17-story condo tower designed by Peter Marino in Miami’s South Beach, could soon be the most expensive in...
Dec 1 2023 // Nigerian floods last year that claimed hundreds of lives also caused up to $9 billion in damage, according to a report from the National Bureau of Statistics.The assessment, conducted in collaboration with the World Bank,...
Dec 1 2023 // The Washington State Department of Labor & Industries announced a 4.9% increase in the average workers’ compensation premium rate for 2024.The increase, which takes effect Jan. 1, 2024, means employers and...
Nov 30 2023 // With a month to run, 2023 will reach global warming of about 1.4 degrees Celsius (2.5 Fahrenheit) above preindustrial levels, adding to “a deafening cacophony” of broken climate records, the World...
Nov 30 2023 // Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create a stable outlook for the global reinsurance sector, according to AM...
Nov 30 2023 // Overall commercial property/casualty premiums increased slightly more than 8% on average in the third quarter, marking six full years of steady increases.According to The Council of Insurance Agents and Brokers’ Q3...
Nov 29 2023 // LANSING, Mich. (AP) – Michigan is on the verge of implementing one of the nation’s most ambitious clean energy mandates, aiming to be carbon-free by 2040 in what is a pivotal test of the Democrats’...
Nov 29 2023 // Though the risk of flooding is undeniable, a survey by Chubb of brokers with middle-market commercial clients revealed just 16% of them say more than half their clients buy flood insurance.Furthermore, 65% of the more than...
Nov 28 2023 // The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re.The pace of claims growth in...
Nov 22 2023 // After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy,...
Nov 22 2023 // As insurers start to pull out from markets battered by the fallout of climate change, governments are increasingly at risk of having to foot the bill, according to the Bank for International Settlements.“This trend,...
Nov 21 2023 // Lower natural catastrophe losses, a better investment result and strong revenue growth in property/casualty reinsurance led to strong earnings’ increases for the four main European reinsurers in the nine month-period...
Nov 20 2023 // Challenges facing today’s business leaders include keeping pace with rapid change, the leader of Travelers said in late October while also going out of his way to cast light on a serious obstacle to forward progress:...
Nov 20 2023 // The California FAIR Plan Association is offering increased commercial coverage of up to $20 million per location. Prior to the adjustment, the maximum limits for commercial coverage were $8.4 million per location. Business...
Nov 20 2023 // It’s no secret to buyers of almost any type of property/casualty insurance policy — home, auto, business — that rates are rising, regardless of whether claims have been submitted.People may also have...
Nov 17 2023 // Medical payments to treat injured workers in Texas were stable from 2016 to 2021, according to a new study from the Workers’ Compensation Research Institute (WCRI).The study, CompScope Medical Benchmarks for Texas,...
Nov 17 2023 // The European Commission is proposing to ban the sale of tankers for crude oil and petroleum products to Russia to prevent Moscow bypassing western sanctions on Russian oil with a shadow fleet of ships, a proposal by the...
Nov 17 2023 // Italy’s top insurer Generali stuck to 2024 targets on Thursday after posting a 29.6% rise in nine-month adjusted net profit despite rising claims from natural disasters which it said would also weigh on this...