Latest Trends Headlines

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

Secondary Perils Are Increasing Share of U.S. Catastrophe Losses

Jan 24 2022 // Secondary peril events such as wildfires, tornadoes and severe thunderstorms are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of personal and commercial...

UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market

Jan 20 2022 // Commercial motor insurer Zego announced a European expansion plan by launching in the Netherlands and ramping up operations in France, while aiming to identify other target territories during 2022.The company, which became...

Florida OIR To Hold Hearings Friday on Big Rate Increases for Three Carriers

Jan 20 2022 // Florida regulators will hold hearings Friday, Jan. 21, on another round of hefty rate hikes requested by property insurers facing losses in the state’s distressed property insurance market.Southern Fidelity Insurance...

UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey

Jan 19 2022 // The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of 2021 as more drivers took to roads on easing COVID-19 curbs, a survey showed on...

Report: Louisiana Seafood Industry Saw $580M in Losses From 2020-21 Hurricanes

Jan 19 2022 // Louisiana’s fisheries and seafood businesses experienced approximately $580 million in total losses resulting from four hurricane between August 2020 to August 2021, according to a new report by the Louisiana Sea...

Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working

Jan 18 2022 // Lloyd’s of London is reviewing its real estate needs as the historic insurance market embraces flexible working.“As we adapt to new structures and flexible ways of working, we are continuing to carefully think...

Florida Power & Light Class Action Opens Door to Subrogation, Future Storm Claims

Jan 18 2022 // A Miami judge’s certification of a lawsuit against Florida’s largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane Irma, could...

Container Shipping Giant Maersk Speeds Up Decarbonization Target by a Decade

Jan 14 2022 // COPENHAGEN – Container shipping giant A.P. Moller-Maersk now plans to achieve net zero emissions in its business by 2040, a decade earlier than previously announced, on the back of rising customer demand for green...

Workplace Class Action Payouts Unexpectedly Grew During Pandemic in 2021

Jan 14 2022 // The cost of settling workplace class-action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would decrease the size and reduce the number of payouts, according to a new report by the...

‘Cybersecurity Failure’ Named a Critical Global Threat in WEF Survey Report

Jan 13 2022 // “Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global Risks Perception Survey (GRPS).GRPS respondents rank...

Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch

Jan 13 2022 // The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating analyst said.Longer...

5 Insurance Industry Predictions for 2022

Jan 13 2022 // This post is part of a series sponsored by AgentSync.It’s starting to feel like a New Year’s tradition. But we’re not talking about the ball drop or kissing your beau at midnight. For the past several...

Smart Guns Finally Arriving in U.S., Seeking to Shake Up Firearms Market: Reuters

Jan 12 2022 // Personalized smart guns, which can be fired only by verified users, may finally become available to U.S. consumers after two decades of questions about reliability and concerns they will usher in a new wave of government...

Climate Crisis Is Top Risk Facing World for Next Decade: World Economic Forum Survey

Jan 11 2022 // There’s little faith in the global economic recovery accelerating, with officials and business leaders citing climate change and rising social tensions, alongside the pandemic, among their top risks, the World...

Report: More Than 1-in-4 Residents Affected by Climate-Related Extreme Weather in 2021

Jan 6 2022 // More than four-in-10 U.S. residents live in a county that was struck by climate-related extreme weather last year, while more than 80% experienced a heat wave, according to a new report.The Washington Post conducted an...

Lloyd’s Forms ‘Product Launchpad’ to Develop Insurance Solutions for Emerging Risks

Jan 6 2022 // The “Lloyd’s Product Launchpad” is the new home for the development of insurance solutions to tackle emerging risks.The Lloyd’s Product Launchpad has been created to replace the Product Innovation...

Insurance Industry Predictions for 2022

Jan 5 2022 // This post is part of a series sponsored by CoreLogic.As if 2020 didn’t test the insurance industry enough, 2021 has proved to be yet another challenging year for property & casualty insurers. We saw significant...

Many Re/Insurance Buyers Are ‘Frustrated’ With Multiple Years of Price Rises

Jan 5 2022 // Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved their risk profiles by de-risking and elevating risk management, according to a...

FAIA Posts Infographics to Help Explain Florida’s Ailing Insurance Market

Jan 3 2022 // In an effort to increase awareness of the need for further reforms that could improve the state’s distressed property insurance market, an independent agents’ organization has released a set of infographics for...

Machine Learning Improves Lightning Prediction, Leading to Insight on a Key Wildfire Spark

Dec 29 2021 // Lightning’s destructive potential was showcased in 2020 when it sparked the massive California Lightning Complex fires, but it remains hard to predict.According to a new study led by the University of Washington,...