Latest Trends Headlines

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

Europe’s Drought May Be Worst in 500 Years: Report

Aug 23 2022 // Europe is currently in the throes of a drought that appears to be the worst in at least 500 years, according to a preliminary analysis by experts from the European Union’s Joint Research Center.Some 64% of the EU is...

Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase

Aug 22 2022 // The Georgia insurance commissioner is publicly shaming one of the country’s largest auto insurers after the carrier announced an average 25% rate increase in the state.“I am angry and disappointed that Allstate...

2022 North Atlantic Hurricane Season Halftime Report: The Quiet Before the Storm?

Aug 17 2022 // With a few weeks to go until the North Atlantic Basin enters its most active period, now is a good time to recap recent activity, review updated seasonal forecasts, and look ahead to what may be in store for the remainder...

Q2 Commercial P/C Premiums Up 6.1%: CIAB

Aug 16 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...

Massachusetts City Claims Ex-Employee Shut Down Police Website

Aug 16 2022 // Officials in a Boston suburb are investigating a former city employee they say shut down the police website during a pay dispute.Newton Mayor Ruthanne Fuller said the former employee, who was the police department...

Much of the Country to Bake Under 125-Degree Days in Coming Decades, Report Finds

Aug 16 2022 // In just 30 years, more than a quarter of the United States, including a large patch of the Upper Midwest, will face days with temperatures above 125 degrees and will see almost three times as many days above 103 degrees,...

Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh

Aug 15 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...

Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey Reports

Aug 15 2022 // A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial...

U.S. Crop Writers Post Record Premium Growth: AM Best

Aug 15 2022 // Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report.The new Best’s...

Florida Claims Litigation Dropped in July, but AOB Share Continues to Rise

Aug 11 2022 // The volume of claims litigation in Florida rose in June then declined in July by almost the same amount. But the share of cases that are assignment-of-benefits claims rose to the highest level since early 2021, a...

AM Best Revises Mid-Hudson Group Outlooks to Negative, Affirms Ratings

Aug 11 2022 // AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative...

Cyber Insurance Gap Growing: Survey Report

Aug 11 2022 // According to a survey report released yesterday, not only are most North American businesses still not buying cyber insurance, but those that are don’t buy enough limit to cover last year’s median ransom...

Alex Jones’ $49.3M Verdict and the Future of Misinformation

Aug 8 2022 // Alex Jones is facing a hefty price tag for his lies about the Sandy Hook Elementary School massacre – $49.3 million in damages, and counting, for claiming the nation’s deadliest school shooting was a hoax – a...

Catch 2022: Law Requires Fla. Insurers to Report Plaintiff Legal Fees, But Data Not There

Aug 8 2022 // At a recent workshop held by the Florida Office of Insurance Regulation, a claims specialist for USAA summed up the conundrum that property insurers are about to face when asked to report the other side’s legal fees...

CSU Team Slightly Lowers Forecast for Still Above-Average Hurricane Season

Aug 5 2022 // The hurricane research team at Colorado State University has slightly lowered its outlook for the Atlantic hurricane season but is still calling for above-average action.The CSU Tropical Meteorology Project team is now...

Q2 Rate Increases Hold Steady: MarketScout

Aug 4 2022 // Personal and commercial rate increases stabilized virtually across the board in the second quarter of 2022, according to MarketScout’s Market Barometer.U.S. personal lines rates increased 5.16 % in the second quarter...

London Insurance Sector Readies $50M Ukraine Grain Cargo Cover

Aug 4 2022 // The London insurance sector is preparing to cover Ukrainian grains and fertilizer shipments through a secure corridor, voyages that may need up to $50 million of insurance cover per cargo, industry sources involved said on...

Generali Beats Forecasts With H1 Net Profit of $1.4 Billion

Aug 2 2022 // Italy’s top insurer Assicurazioni Generali said on Tuesday it would increase prices to keep up with rising costs, and maintained its financial targets after a strong life business helped it beat first-half earnings...

Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh

Aug 1 2022 // Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance...

Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index

Aug 1 2022 // Premium renewal rate changes for all major commercial lines of business increased year over year with the exception of the workers’ compensation line, which remained negative, according to the Ivans Index second...