Latest Trends Headlines

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

Insurance Costs Rapidly Rising for Rental Properties: S&P

Jul 3 2023 // The recent upticks in the frequency and severity of weather events has affected insurance premiums for rental properties. According to S&P Global Ratings, insurance is an increasing percentage of total expenses for...

3 Emerging Risks to Watch: The Rise of Robotics, Infrastructure Spending, Vehicle Subscriptions

Jul 3 2023 // Years ago, it may have been hard to imagine a time when robots could have nine-to-five jobs and handle household chores, drivers could subscribe to luxury vehicle features like heated seats and big infrastructure projects...

Gallagher’s June Insurance Market Report: Key Highlights and Implications for Buyers

Jun 30 2023 // How does the 2023 insurance market look so far? It depends on where you stand.Property is facing its most challenging market in 20 years. But D&O rates are down after spiking in 2020. Cyber is evolving to limit...

Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re

Jun 28 2023 // Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to the opening of previously frozen waterways in the Arctic and the creation of new shipping and trade...

FIGA Sells Muni Bonds to Keep Up with Insolvent Insurer Claims

Jun 27 2023 // The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is the first time in...

IICF Looks to the Future of Talent and Leadership at Biennial Inclusion in Insurance Global Conference

Jun 26 2023 // IICF presents 2023 Inclusion Champion Award and raises funds for communities across the US and UKLOS ANGELES – June 20, 2023 – The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization...

Marsh McLennan to Work With Ukraine to Provide Access to Global Insurance Market

Jun 23 2023 // Marsh McLennan, the professional services firm in the areas of risk, strategy and people, today announced that it will work with the Ukrainian government to help it unlock access to the global insurance market. As part of...

In 2021 US Firearm Fatalities Reached Record Highs for Second Straight Year: Report

Jun 23 2023 // Newswise — A new report from the Johns Hopkins Center for Gun Violence Solutions analyzing 2021 Centers for Disease Control and Prevention data reveals another record year for firearm fatalities.The 48,830 lives lost to...

Washington Rule Requires Insurers to Tell Policyholders Why Their Premium is Going up

Jun 22 2023 // Washington Insurance Commissioner Mike Kreidler adopted a rule requiring insurers to explain premium increases to their policyholders “in language they can understand.”“If your insurance company is going...

Colorado Supreme Court Strikes Law Allowing Child Sex Abuse Suits from Decades Past

Jun 22 2023 // Childhood sexual abuse victims in Colorado will no longer be able to file lawsuits over abuse that happened decades ago, as the state Supreme Court struck down a law Tuesday that gave victims a three-year window to sue...

Tropical Storm Bret Spins Up With Possible Hurricane Threat to Caribbean

Jun 21 2023 // Tropical Storm Bret formed in the central Atlantic Ocean on Monday, with forecasters saying it could pose a hurricane threat to the Lesser Antilles by Thursday and the Dominican Republic and Haiti by the weekend.The...

Fitch: US Insurance Market Forecast to Withstand Losses From Large Hurricane This Year

Jun 21 2023 // With ample capital, Fitch Ratings’ latest annual ‘U.S. Hurricane Season’ report indicates U.S. property and casualty (P/C) and reinsurers can absorb losses if a large hurricane makes landfall this...

New Home Construction Surges by Most in 3 Decades in May

Jun 20 2023 // Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades and permits for future construction also climbed, suggesting the housing market may be turning a corner after...

Microsoft Says Early June Disruptions to Outlook, Cloud Platform Were Cyberattacks

Jun 19 2023 // In early June, sporadic but serious service disruptions plagued Microsoft’s flagship office suite – including the Outlook email and OneDrive file-sharing apps – and cloud computing platform. A shadowy hacktivist...

UK’s Labour Vows to Make Britain a Clean Energy Superpower by 2030

Jun 19 2023 // Britain’s main opposition Labour Party on Monday pledged to turn the country into a clean energy superpower by 2030, saying it would overturn a ban on new onshore wind farms while respecting any oil and gas licenses...

Cyber Insurance: A Growth Market for Insurers With Some Caveats

Jun 19 2023 // As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage.According to DBRS Morningstar, while cyber insurance is a market opportunity...

US Beefs Up Campaign for Accurate Animal Welfare Claims on Meat, Poultry Packaging

Jun 15 2023 // The U.S. Department of Agriculture said Wednesday it hopes to weed out false or misleading animal-welfare claims on meat and poultry packaging with new guidance and testing.The claims – such as...

New Louisiana School A Step to Resolve Decades-Old Lawsuit

Jun 14 2023 // NEW ORLEANS (AP) – Authorities in a southwest Louisiana school district have agreed to develop a magnet school in a historically Black school zone to draw students of all races from across the district in a step...

Property Leads Q1 Commercial Insurance Price Increases: WTW CLIPS

Jun 14 2023 // Commercial property insurance, with double-digit first quarter price increases, led other lines of businesses tracked by WTW’s Commercial Lines Pricing Survey (CLIPS).CLIPS found the aggregate price change for U.S....

Cyber Insurance Premiums Surge by 50% as Ransomware Attacks Increase

Jun 14 2023 // US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage.Premiums collected from policies written by insurers reached $7.2 billion in 2022 and tripled in...