All the headlines from our Trends Topic Page, ordered by recency.
Sep 21 2022 // Bundling home and auto insurance may have hit a roadblock as consumers have started to break up policies largely due to increases in auto insurance premiums, according to J.D. Power.Overall satisfaction and retention rates...
Sep 20 2022 // Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of the year.Speaking at...
Sep 19 2022 // Agency partnerships and networks continue to grow and add value for property/casualty independent agencies, large and small, by adding greater market access, offering services and technology, and the sharing of ideas that...
Sep 16 2022 // Record high temperatures in urban Europe as heat waves bake the planet more often. Devastating floods, some in unprepared areas. Increasing destruction from hurricanes. Drought and famine in poorer parts of Africa as dry...
Sep 16 2022 // Since May 2020, S&P Global Ratings has had a negative credit outlook on the global reinsurance sector—and analysts said it isn’t time to change that view during a webinar last week.Taoufik Gharib, senior...
Sep 16 2022 // “Toxic torts,” which are lawsuits alleging damage to human health or the environment caused by specific substances, are increasingly common in the United States. They can cost defendants hundreds of millions,...
Sep 14 2022 // Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: “Maintaining resilience: the role of P&C...
Sep 12 2022 // U.S. commercial insurance prices increased again during the second quarter 2022, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS).The aggregate commercial price change reported by carriers...
Sep 9 2022 // AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance in 2021, but headwinds such as inflation remain too strong and the rating agency revised its outlook for...
Sep 8 2022 // South Africans could soon be paying as much as 5% more on their premiums as insurers face growing risks both globally and locally.The country is now considered “very risky” due to mounting flood and fire...
Sep 8 2022 // Fresh on the heels of massive reinsurance price increases in June, which helped send some property insurers into insolvency or out of the Florida market, reinsurers are now likely to raise premiums again in the next few...
Sep 6 2022 // Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office.Backed by a multi-year capacity agreement with Allianz Global Corporate &...
Sep 6 2022 // Global reinsurers’ capital levels dropped by 11% in the first half of 2022 to $647 billion, hurt by market declines, though higher interest rates helped their liability positions, broker Gallagher Re said on...
Sep 5 2022 // The second quarter 2022 marked a full five years of premium increases for across all lines of commercial insurance business, according to the latest report from the Council of Insurance Agents and Brokers (CIAB).The...
Sep 2 2022 // Newswise — A new paper in The Quarterly Journal of Economics, published by Oxford University Press, indicates that many American businesses are willing to hire workers with criminal records. Such companies become even...
Aug 29 2022 // The wide-ranging impact of Hurricane Andrew on the Florida insurance market is a familiar story within the risk management world. However, 30 years on from August 24, 1992, when Andrew made landfall in Dade County,...
Aug 29 2022 // Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday.This year heavy...
Aug 25 2022 // Europe’s record-breaking heat wave will be just an average summer in less than 15 years — even if countries meet their climate goals — with regular droughts and fires set to become the norm.By the end of the...
Aug 24 2022 // U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as well as tighter terms and...
Aug 24 2022 // Wan Jinjun, a 62-year-old retiree who has swum the Yangtze River almost every day for the past decade in Wuhan, said he’s never seen a drought like this before.An extreme summer has taken a toll on Asia’s...