Latest Trends Headlines

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

Businesses See Cyber Attacks as Biggest Threat – Ahead of Pandemic, Economy: Survey

May 17 2022 // Cyber attacks are now seen as the dominant risk for many businesses – ahead of the pandemic, economic downturn, skills shortages and other issues, according to a report published by Hiscox.For its Cyber Readiness Report...

Workers’ Comp Claims from 10 Years of Legal Cannabis in Colorado Reveal a Boring Trend

May 16 2022 // Data on injured workers from the nation’s most mature adult-use cannabis market is pretty boring. No excessive claims resulting from injuries suffered by stoned forklift drivers, high cultivators, or even dispensary...

Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA

May 16 2022 // A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners who have a homeowners insurance policy, reveals a majority of insured homeowners have not taken important steps to ensure...

Report Forecasts ‘Above-Normal’ U.S. Wildfire Season, Worse in Drought-Plagued West

May 16 2022 // The U.S. has in store an “above-normal” wildfire season if a prediction from fire weather experts holds true — “intense” may be a better word for the expectations in the Western region.Early...

Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market

May 16 2022 // The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74% to over $4.8 billion, according to a report from Fitch Ratings.Overall, the top cyber...

Africa Specialty Risks Increases Energy Portfolio’s Capacity to $38 Million

May 13 2022 // Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced its energy division’s capacity increased to $38 million, provided through its ongoing relationship with GIC Re and Peak Re.This...

Zurich Reports Strong Growth in Q1, Driven by Rising Commercial Insurance Rates

May 13 2022 // Zurich Insurance Group has made a strong start to the year and expects to exceed all its financial targets for 2022, despite ongoing inflationary pressures. The company has minimal exposure to the war in Ukraine.Premium...

U.S. Cities Are Backing Off Banning Facial Recognition as Crime Rises

May 12 2022 // Facial recognition is making a comeback in the United States as bans to thwart the technology and curb racial bias in policing come under threat amid a surge in crime and increased lobbying from developers.Virginia in July...

Claims Frequency Up for 2021, but Workers’ Comp Profitability ‘Unprecedented’

May 11 2022 // For the first time in more than a decade, workers’ compensation claims frequency, outside of COVID-19 illness claims, increased in the United States last year.But not to worry, the trend won’t last, and the...

Forecast Calls for High Risk of Wildfires in Central Oregon

May 10 2022 // As summer approaches forecasters say Central Oregon has the highest fire risk of anywhere in the state.Oregon Public Broadcasting reports the latest fire season outlook, released this week by the National Interagency Fire...

Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market

May 9 2022 // The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74% to over $4.8 billion, according to a report from Fitch Ratings.Overall, the top cyber...

Report: Michigan 2020 Dam Failures Were ‘Preventable’

May 6 2022 // The failure of two Michigan dams that forced evacuation of 10,000 people and destroyed 150 homes was “foreseeable and preventable,” resulting from errors and miscalculations over nearly a century, an expert...

Tornadoes Hit Texas, Oklahoma; More Storms in Forecast

May 6 2022 // A springtime storm system spawned several tornadoes that whipped through areas of Texas and Oklahoma, causing damage to a school, a marijuana farm and other structures.There were no reports of serious injuries following...

Most Homeowners Underinsured for Trends in Inflation, Building Costs: APCIA

May 6 2022 // A new American Property Casualty Insurance Association (APCIA) survey of over 1,000 U.S. homeowners who have a homeowners insurance policy, reveals a majority of insured homeowners have not taken important steps to ensure...

Report: Wisconsin Refinery Knew About Issues Before 2018 Blast

May 5 2022 // Officials at a northwestern Wisconsin oil refinery knew about equipment issues years before a 2018 explosion there, according to Occupational Safety and Health Administration documents obtained by Wisconsin Public...

EU Regulator Warns of Increased Risk to Airlines as Result of Ukraine War

May 5 2022 // The European Union’s Aviation Safety Agency (EASA) regulator warned on Thursday of increased risks to airlines due to the war in Ukraine, such as civil planes being accidentally targeted as well as an increased risk...

Report Forecasts ‘Above-Normal’ U.S. Wildfire Season, Worse in Drought-Plagued West

May 4 2022 // The U.S. has in store an “above-normal” wildfire season if a prediction out on Wednesday from fire weather experts holds true – “intense” may be a better word for the expectations in Western...

U.S. SEC Ramps Up Crypto Fraud Oversight by Adding 20 Employees

May 3 2022 // The U.S. Securities and Exchange Commission (SEC) said on Tuesday it will add 20 positions to its enforcement unit for crypto markets in its push to curb fraudulent activities in the hot digital space.The securities...

Net Zero Business Opportunities Could Double Size of London Insurance Market: LIIBA

May 3 2022 // The business opportunities provided by the global transition to net zero is potentially large enough to double the size of the London insurance market, according to the London and International Insurance Brokers’...

Cyber Premiums Rapidly Grew 74% in 2021: Fitch

May 2 2022 // According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly $5 billion in 2021 compared with overall growth for the property casualty industry...