All the headlines from our Trends Topic Page, ordered by recency.
Dec 2 2022 // Will 2023 reinsurance renewals mark a turning point to a “true hard market” that attracts “new capital in droves” and expands supply?Analysts from AM Best raised the question in a new Best’s...
Dec 1 2022 // More than half of risk managers are significantly involved in their organization’s environmental, social and governance (ESG) efforts, but 77% believe they should take an active or more active role in ESG strategy...
Nov 30 2022 // According to an analysis by S&P Global Market Intelligence, the U.S. excess and surplus market continued to grow in 2022, surging $37.6 billion in premiums during the first six months.Direct written premiums in the...
Nov 30 2022 // It takes seven years to close the vast majority of workers’ compensation claims in California, more than double the time in the median state.The Workers’ Compensation Insurance Rating Bureau of California...
Nov 28 2022 // Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt.According to a market segment report from AM Best, the projected range...
Nov 23 2022 // Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according to a commentary from Fitch RatingsFitch expects double-digit percentage premium...
Nov 22 2022 // The Missouri Department of Commerce and Insurance (DCI) is recommending a 6.4 percent decrease in workers’ compensation insurance loss costs for 2023. This marks the seventh time in eight years that average...
Nov 21 2022 // An investigation by Maryland’s attorney general identified 158 Roman Catholic priests in the Archdiocese of Baltimore who have been accused of sexually and physically abusing more than 600 victims over the past 80...
Nov 21 2022 // Twenty-one people in nine states were arrested and charged Nov. 2 with their roles in conspiracies to steal catalytic converters from vehicles across the country and sell them for profit.According to the U.S. Department of...
Nov 21 2022 // Directors and officers liability pricing fell 14.7% in the third quarter, according to a recent survey.Aon’s Financial Services Group’s Q3 2022 pricing index for the quarter ending on September 30 decreased to...
Nov 21 2022 // Environmental, social and governance issues will grow in their influence in insurance industry decision-making as they become more important to stakeholders, according to a report from Fitch Ratings.For most insurance...
Nov 21 2022 // New rules proposed by the U.S. Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors and officers (D&O) policies,...
Nov 18 2022 // Insurtech Lemonade booked a third-quarter net loss of $91.4 million compared with a net loss of $66.4 million during the same quarter last year, but in a letter to shareholders, the company said both top and bottom lines...
Nov 18 2022 // Third-quarter 2022 marked the 20th consecutive quarter of increased premiums for commercial property/casualty, according to the latest report from the Council of Insurance Agents and Brokers (CIAB).The average premium...
Nov 17 2022 // Ninety percent of the counties in the United States suffered a weather disaster between 2011 and 2021, according to a report published Wednesday.Some endured as many as 12 federally-declared disasters over those 11 years....
Nov 17 2022 // California’s State Average Weekly Wage rose by more than 5% in the year ending March 31, 2022, which will result in an increase in California workers’ compensation temporary total disability and permanent total...
Nov 16 2022 // Climate change has raised the cost of natural disasters, as rising sea levels and drought increase the frequency and severity of flooding and wildfires, insurers and risk modeling experts say.The list of the 10 most...
Nov 10 2022 // Directors and officers liability pricing fell 14.7% in the third quarter, according to a recent survey.Aon’s Financial Services Group’s Q3 2022 pricing index for the quarter ending on September 30 decreased to...
Nov 10 2022 // The US Federal Trade Commission plans to make wider use of its 1914 founding statute to police anticompetitive behavior by companies in the internet age.The Democratic-led commission on Thursday issued a new policy...
Nov 10 2022 // SAN DIEGO — New rules proposed by the US Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors & officers policies,...