All the headlines from our Trends Topic Page, ordered by recency.
Sep 5 2023 // S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody’s kept its outlook...
Sep 4 2023 // While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to grow its market share...
Sep 4 2023 // Claims frequency and severity are up across the industry, thanks in large part to social inflation, which has led to an increase in litigation and more costly settlements.Fueled primarily by aggressive tactics by...
Sep 1 2023 // California officials are expected to vote on a proposal to increase storage capacity at the site of the nation’s largest known methane leak that sickened thousands of families and forced them from their Los Angeles...
Aug 30 2023 // Future engineers need a greater understanding of past failures – and how to avoid repeating them – a Louisiana-based nonprofit said to mark Tuesday`s 18th anniversary of the deadly, catastrophic levee breaches that...
Aug 30 2023 // Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have warned.Admiral Group Plc will continue increasing motor insurance prices and expects...
Aug 29 2023 // More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global Ratings.“Reinsurers had a difficult...
Aug 29 2023 // The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the Atlantic hurricane...
Aug 29 2023 // San Francisco, CA., August 29, 2023 — In a significant stride towards innovation, Derek Rathel has taken the reins as the Chief Executive Officer (CEO) of InsurSign. This move underscores the evolution of the...
Aug 29 2023 // The National Council on Compensation Insurance has proposed an average 15.1% decrease in rates for Florida, starting Jan. 1, the latest and one of the largest reduction recommendations in more than a decade of rate...
Aug 28 2023 // 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 Great Midwest Insurance Company, Houston...
Aug 25 2023 // AM Best has revised the outlooks to negative from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+”...
Aug 23 2023 // Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, according to a paper from the Bank for International...
Aug 22 2023 // When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in the Florida insurance industry saw it as a good thing, needed to help steer policyholders back...
Aug 21 2023 // While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to grow its market share...
Aug 21 2023 // During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released by the Council on Criminal Justice.Continuing an upward trajectory,...
Aug 21 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of the year was 359, down 24% from 475 during the same time last year.“The drop-off in deal...
Aug 21 2023 // New cannabis products like gummies, drinks and new consumables bring the promise of exponential growth and the normalization of public consumption, promising to significantly reshape the business landscape for insuring...
Aug 18 2023 // S&P Global Ratings has revised its outlooks for Munich Re and Swiss Re, affirming both reinsurers’ “AA-” issuer credit and financial strength ratings.Munich Re’s outlook was revised to positive...
Aug 18 2023 // Many U.S. homeowners are delaying home repairs, potentially putting their property at risk of damage, according to the latest Nationwide Agency Forward survey.A quarter of the homeowners surveyed (26 percent) are unaware...