Latest Trends Headlines

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

Survey: Cyber Budgets, Insurance Premium Jump Across Sectors

Oct 10 2023 // Budgets and insurance policy costs have increased exponentially despite doubts surrounding efficacy of cyber practices, according to a recent survey gauging cybersecurity practices among global debt issuers conducted by...

2023 on Track to Become Hottest Year on Record: EU Climate Service

Oct 6 2023 // This year is on track to become the hottest since at least 1940, the European Union’s Copernicus Climate Change Service said on Thursday.Scientists have said climate change, combined with this year’s El Nino...

Takeaways from Our Conversation on Hemp Market’s Growth Potential

Oct 6 2023 // Powered by InsuranceJournal.tvHemp is often a sidenote in conversations about the cannabis industry, but hemp has far greater growth potential than most people probably think. That’s according to a new report out...

Viewpoint: Reflecting on 30 Years of Transformation in the Re/Insurance Sector

Oct 4 2023 // Executive summary: Reflecting on 30 years of Pro Global’s journey in the re/insurance sector, it is evident that the company’s evolution parallels the broader shifts that have defined the industry’s...

Consumer Product Injuries Continue to Rise After Low in 2020

Oct 3 2023 // Following the record low number of consumer product-related injuries reported in 2020 (an 18% decrease), injuries increased 6.8% in 2021 and 7.8% in 2022, according to the Consumer Product Safety Commission (CPSC).The...

Don’t Expect the Same Raise You Got Last Year: Surveys

Oct 2 2023 // Companies are trimming their budgets for merit raises next year, a sign of belt-tightening that could surprise some employees who had enjoyed two straight years of increases.US employers surveyed by Aon Plc, which compiles...

Hotel, Motel Markets ‘Dropping Like Flies’ As Outlook Remains Challenging

Oct 2 2023 // The hospitality industry has entered a new chapter.For those who weathered the recent near collapse of the sector, the American Hotel & Lodging Association entered 2023 with optimism that hotel room demand would...

Policygenius Finds Average Home Insurance Prices Up 21%

Oct 2 2023 // Online insurance marketplace Policygenius has found that home insurance premiums at renewal increased 21% on average from May 2022 to May 2023.The state that saw the highest average increase for homeowners insurance during...

Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums

Sep 29 2023 // When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget...

Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey

Sep 29 2023 // Most small businesses don’t believe they will experience a cyber attack, yet many employees are concerned they are putting their organizations at risk, according to a recent poll by Insurance Bureau of Canada...

US Supreme Court Takes Up Case Over Corporate Trend Disclosures

Sep 29 2023 // The U.S. Supreme Court on Friday agreed to consider whether shareholders can sue companies for fraud when they flout a rule requiring them to disclose trends expected to affect their bottom line in a case involving a suit...

New MGA in Florida Shows More Growth in Private Flood Market

Sep 28 2023 // The private flood insurance market continues to expand, with a new managing general agent starting up in Florida.Titan Flood Inc., based in Tampa, is being launched by Stephanie Lee, the co-founder and chief operating...

Viewpoint: Biometric Litigation Is Significant Emerging Risk for Insurers

Sep 28 2023 // Executive Summary: Biometric litigation is a significant emerging risk that insurers must now take into consideration, says Jim Blinn, vice president, Client Solutions, Zywave.States are increasingly passing biometric laws...

Rising Claims Costs Limit US P/C Profitability in 2023

Sep 27 2023 // While the profitability outlook for the U.S. P/C industry this year is mixed, Swiss Re predicts a stronger year in 2024, as premium increases and interest rates improve industry results.According to the U.S. Property &...

Target Closes Nine NYC, West Coast Stores to Stop Losses From Rising Theft

Sep 27 2023 // Target Corp. is closing nine stores in four states to stem losses from rising retail theft.One Manhattan location will be shuttered, along with two in Seattle, three in Northern California and three in Portland, Oregon,...

California’s Minimum Wage to Increase to $16 Per Hour in 2024

Sep 26 2023 // California’s minimum wage will increase to $16 per hour for all employers on Jan. 1, 2024.In 2023, the minimum wage was $15.50 for all employees regardless of employer size. Some cities and counties in California...

UK Workers Take Most Sick Leave in More Than a Decade: Employer Survey

Sep 26 2023 // British workers took the most sick leave in more than a decade during the past year, a survey of employers showed on Tuesday, adding to signs of a lasting increase in ill health since the COVID-19 pandemic.The Chartered...

Report Examines 10-Year California Workers Comp Payment Trends

Sep 25 2023 // Average paid losses on California workers’ compensation lost-time claims fell immediately after legislative reforms of SB 863 took effect a decade ago, but then gradually increased up until the pandemic hit,...

AM Best Tweaks State Farm Outlook to Negative After Weather, Regulatory Issues

Sep 25 2023 // The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses and regulations that the firm said hinder the insurance giant’s ability to adequately...

California Commissioner Wants FAIR Plan Changes, Modeling to Improve Insurance Market Conditions

Sep 22 2023 // California Insurance Commissioner Ricardo Lara announced a package of sweeping executive actions that include changes to the FAIR Plan, new rules for the review of climate catastrophe models, and public meetings exploring...