All the headlines from our Trends Topic Page, ordered by recency.
Sep 7 2023 // Loss trends for severe convective storms (SCS) have increased over the past 15 years and even more during the past five years, according to Dan Dick, global head of Catastrophe Management at Aon.“What’s...
Sep 5 2023 // The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction.The paper, “Dynamics and Challenges in...
Sep 5 2023 // Backstreet Boys singer Nick Carter has won a favorable ruling in one of two civil lawsuits filed against him in Nevada, one by a woman who alleges he raped her on his tour bus in Washington state in 2001 and another by a...
Sep 5 2023 // S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody’s kept its outlook...
Sep 4 2023 // While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to grow its market share...
Sep 4 2023 // Claims frequency and severity are up across the industry, thanks in large part to social inflation, which has led to an increase in litigation and more costly settlements.Fueled primarily by aggressive tactics by...
Sep 1 2023 // California officials are expected to vote on a proposal to increase storage capacity at the site of the nation’s largest known methane leak that sickened thousands of families and forced them from their Los Angeles...
Aug 30 2023 // Future engineers need a greater understanding of past failures – and how to avoid repeating them – a Louisiana-based nonprofit said to mark Tuesday`s 18th anniversary of the deadly, catastrophic levee breaches that...
Aug 30 2023 // Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned.Admiral Group Plc will continue increasing motor insurance prices and expects...
Aug 29 2023 // More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global Ratings.“Reinsurers had a difficult...
Aug 29 2023 // The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the Atlantic hurricane...
Aug 29 2023 // San Francisco, CA., August 29, 2023 — In a significant stride towards innovation, Derek Rathel has taken the reins as the Chief Executive Officer (CEO) of InsurSign. This move underscores the evolution of the...
Aug 29 2023 // The National Council on Compensation Insurance has proposed an average 15.1% decrease in rates for Florida, starting Jan. 1, the latest and one of the largest reduction recommendations in more than a decade of rate...
Aug 28 2023 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Great Midwest Insurance Company, Houston...
Aug 25 2023 // AM Best has revised the outlooks to negative from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+”...
Aug 23 2023 // Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, according to a paper from the Bank for International...
Aug 22 2023 // When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in the Florida insurance industry saw it as a good thing, needed to help steer policyholders back...
Aug 21 2023 // While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to grow its market share...
Aug 21 2023 // During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released by the Council on Criminal Justice.Continuing an upward trajectory,...
Aug 21 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of the year was 359, down 24% from 475 during the same time last year.“The drop-off in deal...