All the headlines from our Trends Topic Page, ordered by recency.
Jun 2 2022 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of West Bend Mutual Insurance...
Jun 1 2022 // The number of workers’ compensation claims reported to the Texas Department of Insurance, Division of Workers’ Compensation (DWC) increased 20% during the first 27 months of the COVID-19 pandemic (January 2020...
Jun 1 2022 // S&P Global Ratings raised the financial strength ratings on the core insurance and reinsurance subsidiaries of Fairfax Financial Holdings Ltd. to “A” from “A-” with a stable outlook.The rating...
May 31 2022 // AM Best reported Friday that first-quarter net underwriting income for the U.S. property/casualty industry rose 4.6% to $3.3 billion.Explaining the result, AM Best said that a 10.5 percent jump in net earned premiums and a...
May 31 2022 // According to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could have driven cyber...
May 31 2022 // Premium growth during the first quarter saw an average increase of 11%, which was supported by continued favorable pricing for commercial insurance lines and reinsurance business, according to a report from Gallagher...
May 27 2022 // Nearly three quarters of global cyber-risk decision markers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber-risk...
May 26 2022 // California written premium for 2021 was 2% below 2020 and 14% below 2019, a new report shows.The Workers’ Compensation Insurance Rating Bureau of California issued released its quarterly experience report, an update...
May 25 2022 // J.D. Power found in a recent survey that auto insurance customer satisfaction with price has plummeted, driving a surge in policy shopping activity while dragging on the purchase experience index.“A perfect storm of...
May 24 2022 // Residential property. complaints against Louisiana insurance companies skyrocketed in the aftermath of 2020 and 2021 hurricanes, according to a report released this month by the Louisiana Legislative Auditor.The Louisiana...
May 24 2022 // A Florida Senate committee overwhelmingly approved two measures Monday that supporters believe will go a long way toward trimming roof claims, litigation expenses and reinsurance costs for beleagured property insurers –...
May 23 2022 // UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first watchdog to weigh in after a top HSBC banker was suspended after playing down the financial risks...
May 23 2022 // Almost all insurers that participated in a recent survey said they have been involved with a lawyers professional liability insurance (LPLI) claim of more than $50 million in the last two years – and at least one paid a...
May 23 2022 // As more than 2,700 firefighters in northern New Mexico continued to battle the nation’s largest active wildfire on Sunday, many evacuees were growing concerned about their future after weeks away from homeThe biggest...
May 23 2022 // First it was oil giant Shell Plc, now it’s the turn of Europe’s biggest carmaker.In the wake of a landmark Dutch ruling a year ago which ordered Shell to cut its emissions by 45% by 2030, a German organic...
May 23 2022 // Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest economies.War. Drought. Production shortages. Historically low inventories. And pandemic...
May 19 2022 // Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for CEO Philippe Donnet who last month won a shareholder battle to keep his job for another three...
May 18 2022 // For more than six weeks now, the tech and finance industry has been riveted by Elon Musk’s pursuit of Twitter.The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a broader market rout...
May 18 2022 // More than 85% of UK finance workers no longer view the office as their main place of work, highlighting the challenge the industry faces if it tries to persuade bankers to return to pre-pandemic norms.The demand for a new...
May 18 2022 // When Florida Farm Bureau Insurance companies filed for a 41% rate increase for homeowners last December, the Florida Office of Insurance Regulation asked company actuaries to sharpen their pencils, review all data and try...