All the headlines from our Trends Topic Page, ordered by recency.
Jul 15 2022 // The Met Office has issued the first-ever Red Extreme Heat warning for exceptional heat in the UK, forecasting that next week temperatures could reach 40°C (104 Fahrenheit).The national severe weather warning covers Monday...
Jul 15 2022 // The cyber insurance sector has been tested recently with growing ransomware attacks, rising premiums, and more sophisticated threat actors, but that isn’t necessarily scaring insurers away, according to a 2022 Cyber...
Jul 15 2022 // US consumers are rapidly adapting to electric vehicles, a shift away from the internal combustion engine that may change auto insurance claim characteristics.CCC Intelligent Solutions said in new report that electric...
Jul 12 2022 // According to analysis by insurtech Policygenius, home insurance premiums are rising faster than inflationFrom May 2021 to May 2022, the price of goods and services increased 8.6% in the U.S. In the same time period, home...
Jul 11 2022 // North Carolina’s Supreme Court will accelerate appeals over the constitutionality of a state law that gave adults with child sexual abuse claims another two years to seek civil damages.A majority of justices agreed...
Jul 11 2022 // AM Best said it is maintaining its negative outlook on Mexico’s insurance market segment due to increased levels of inflation and slow GDP growth.AM Best’s analysts project 2% growth for the country’s...
Jul 5 2022 // Payments for medical-legal services used to resolve medical disputes over compensability issues in California work injury claims have risen sharply under the new Medical-Legal Fee Schedule that took effect last year, a new...
Jul 5 2022 // MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9%.Increases...
Jul 5 2022 // For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a recently released report.While the...
Jul 4 2022 // The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM...
Jul 4 2022 // The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and failing trust in established social institutions. But a report from Swiss Re reminds re/insurers...
Jul 1 2022 // Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation...
Jul 1 2022 // Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this year, with thousands of people killed and millions more displaced.In the last three...
Jul 1 2022 // For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released yesterday.While the...
Jun 30 2022 // There is overwhelming public support across the globe for using renewable energy, according to a new survey out from the Yale Program on Climate Change Communication.The international survey was published on Wednesday. It...
Jun 30 2022 // Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12 billion in 2020, according to a report released today. The Workers’ Compensation...
Jun 29 2022 // The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said.The United States witnessed 293 mass shootings so...
Jun 29 2022 // Charlotte, N.C. (June 29, 2022) – Stealth Partner Group, an Amwins company and premier stop-loss general agency, released its State of the Market report, providing up-to-date market intelligence on health care and...
Jun 27 2022 // Five months ago, Citizens Property Insurance Corp. filed for a near-maximum-allowed rate increase for most of its policies, citing the need to continue depopulating the rapidly growing insurer of last resort.Last week,...
Jun 27 2022 // Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC...