Latest Trends Headlines

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

Companies Increasingly Keep Climate Pledges Secret as ‘Green Hushing’ Takes Off

Oct 25 2022 // Companies are increasingly trying to keep their climate pledges away from public scrutiny.The phenomenon, known as green hushing, has become pervasive even as businesses set more ambitious internal targets, according to a...

With Less Reinsurance for Reinsurers, Prices Set to Rise Again for Florida Carriers

Oct 25 2022 // It has been three weeks since Hurricane Ian struck Florida on Sept. 28, 2022. The storm took at least 119 lives and caused estimated insured losses ranging from $31 billion to $74 billion, with most estimates in the $60...

Few Insurers Offer Input on Future of the Federal Home Loan Bank System

Oct 24 2022 // Very few insurance companies showed up this month to talk about the future of the much-debated, 90-year-old Federal Home Loan Bank System, despite the fact that the system lends heavily to many large insurers at low...

7 Steps to Combat the Rising Threat of CPC Theft for drivers and fleet carriers

Oct 24 2022 // This post is part of a series sponsored by IAT Insurance Group. Recently, 24 commercial trucks were rendered useless at an auction house in Pennsylvania when the Common Powertrain Controller (CPC) modules were stolen from...

People Moves: Munich Re’s Blunck to Succeed Jeworrek Who Is Stepping Down; Lloyd’s Market Association Appoints 3 New Board Members

Oct 20 2022 // The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee of the group’s Board of Management with effect from Jan. 1, 2023.He will succeed Dr. Torsten...

Insurers Increasingly Withdraw From Fossil Fuel Projects: Climate Activists’ Report

Oct 20 2022 // Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects because of climate change – to cheers from environmental campaigners.More than a...

Allstate Expects Q3 Net Loss Up to $725M; Ian Caused $366M Net Loss

Oct 19 2022 // Allstate Corp said it expects to report a third quarter net loss of of between $675 million and $725 million with pre-tax catastrophe losses, net of reinsurance, of $763 million.Catastrophe losses net of reinsurance for...

Idaho’s Workers’ Comp Rates Decreasing 11.5% for 2023

Oct 18 2022 // The Idaho Department of Insurance accepted a 11.5% reduction in rates, effective January 1, 2023. This follows the National Council on Compensation Insurance submission of its annual rate recommendation to the Idaho...

Ride-Hailing Firm Lyft Hikes Service Fee for Rides as Insurance Costs Rise

Oct 18 2022 // Lyft Inc. is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs, the ride-hailing firm said.The increase averages less than 50 cents per trip nationally, a Lyft...

Legislative Action Aims to Ease Florida Homeowners Insurance Market Struggles

Oct 17 2022 // This post is part of a series sponsored by AgentSync.Florida’s struggles to retain a property and casualty (P&C) insurance market have made headlines and spurred a special legislative session this year. With a...

Why Regulatory Interference Drives Property Insurance Market Instability

Oct 17 2022 // Many states are facing a growing affordability and availability crisis in property insurance markets, and it’s not just because of climate change.While climate change is leading to more severe and frequent natural...

Future of Insurance: How Technology May Change P/C Underwriting and More

Oct 17 2022 // With rising inflation and the prospect of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...

Report: Oil Spills Dropped Dramatically Last Decade

Oct 17 2022 // Oil and natural gas spills from tankers and pipelines in U.S. waters dropped dramatically from the last decade of the 1990s to the one from 2010 through 2019, according to a federal report.The amounts spilled and dumped in...

Learning to Time Travel: Why Insurers Should Embrace Both the Future and the Past

Oct 17 2022 // The first insurance company in the U.S., The Friendly Society, was established in Charleston, South Carolina, in 1735, according to the Insurance Information Institute’s insurance handbook, meaning the industry is...

New Data Suggests Dangerous Driving Trend Is Slowing, Slightly

Oct 13 2022 // Preliminary traffic data provides some hope that a rash of unsafe driving habits spawned by traffic-free roads during COVID-19 business shutdowns is beginning to abate.The National Highway Traffic Safety Administration...

The Future of P/C Underwriting: Shifting From Innovation to Operational Efficiency

Oct 13 2022 // With rising inflation and the prospects of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters to adapt to new technologies and sources of data. All the while,...

Legislative Action Aims to Ease Florida Homeowners Insurance Market Struggles

Oct 12 2022 // This post is part of a series sponsored by AgentSync.Florida’s struggles to retain a property and casualty (P&C) insurance market have made headlines and spurred a special legislative session this year. With a...

Learning to Time Travel: Why Insurers Should Embrace Both the Future and the Past

Oct 12 2022 // Powered by InsuranceJournal.tvThe first insurance company in the U.S., The Friendly Society, was established in Charleston, South Carolina, in 1735, according to the Insurance Information Institute’s insurance...

The Emerging Market for Active Assailant Insurance

Oct 12 2022 // So far in 2022, the U.S. has experienced multiple tragic mass shootings. One only needs to see the images on the news following the shooting at Robb Elementary School in Uvalde, Tex., or the attack during the Fourth of...

How One Computer Forecast Model Botched Hurricane Ian

Oct 11 2022 // As Hurricane Ian bore down on Florida, normally reliable computer forecast models couldn’t agree on where the killer storm would land. But government meteorologists are now figuring out what went wrong – and...