All the headlines from our Trends Topic Page, ordered by recency.
Apr 18 2022 // California wants electric vehicle sales to triple in the next four years to 35% of all new car purchases, an aggressive target set as part of the goal to phase out the sale of gas-powered cars by the middle of next...
Apr 18 2022 // There is no longer a need to ponder the “next asbestos” because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is enough to...
Apr 18 2022 // During the first quarter 2022 buyers of commercial insurance saw average rate increases across all lines of 6%, according to MarketScout’s Market Barometer.The average increase remained consistent compared to the...
Apr 14 2022 // Nearly two dozen people were injured when tornadoes swept through central Texas as part of a storm system that was expected to spawn more twisters and damaging winds Wednesday.The storms caused widespread damage Tuesday in...
Apr 14 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...
Apr 14 2022 // South Africa declared floods that killed more than 300 people in the eastern KwaZulu-Natal province a disaster, enabling the government to free up funds to assist with reconstruction in the area.The heaviest rainfall in at...
Apr 13 2022 // Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists said.Human-caused climate change made the entire season drop about 5% more rain. During...
Apr 8 2022 // There is no longer a need to ponder the “next asbestos” because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is enough to...
Apr 7 2022 // During the first quarter 2022 buyers of commercial insurance saw average rate increases across all lines of 6%, according to MarketScout’s Market Barometer.The average increase remained consistent compared to the...
Apr 7 2022 // This post is part of a series sponsored by InsurBanc.It’s amazing how the world has changed during the first quarter of 2022. Globally, there is unrest that is both heartbreaking and nerve-wracking. Domestically, we...
Apr 7 2022 // If the Florida homeowners’ insurance market were in a medical exam, the diagnosis would find the patient in dangerously poor condition. The patient’s vital signs—its financial results—are troubling. What is...
Apr 7 2022 // The Boy Scouts of America’s sexual abuse compensation fund should be rejected, a small group of victims say, because the proposal has the same legal flaw that ended a similar plan by bankrupt opioid maker Purdue...
Apr 6 2022 // The AM Best rating firm has revised its outlook for South Carolina-based Greenville Casualty Insurance Co., from positive to stable. The insurer’s financial strength rating remained the same at “B...
Apr 4 2022 // As if spiraling gas prices weren’t enough, motorists across Arizona and the nation are paying more for auto insurance as repair costs and more crowded roads push premium rates higher.After giving customers premium...
Apr 1 2022 // Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent?Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion...
Apr 1 2022 // Fitch Ratings downgraded California Earthquake Authority’s Issuer Default Rating and revenue bond ratings to ‘A-‘ from ‘A’.The Rating Outlook is Stable. The rating action follows the vote of...
Apr 1 2022 // Marsh McLennan announced its commitment to set and execute low-carbon transition strategies that chart a path to net-zero across its operations by 2050 and reduce its emissions by 50 percent by 2030. The company will also...
Mar 30 2022 // The National Association of Insurance Commissioners is moving to amend its climate disclosure survey – and insurers may not like it.The Climate Risk Disclosure Survey is a voluntary risk management tool for state...
Mar 30 2022 // Aircraft leasing firms are tallying up losses stemming from Russia’s invasion of Ukraine, according to the head of Avolon Holdings Ltd., one of the biggest players in the industry.Lessors are in dialogue with...
Mar 25 2022 // The Florida Office of Insurance Regulation will hold a hearing on Thursday, March 31, to examine a request by Citizens Property Insurance Corp. for a near-maximum rate increase for most of its policies.Citizens, limited by...