All the headlines from our Trends Topic Page, ordered by recency.
Dec 29 2021 // Louisiana Insurance Commissioner Jim Donelon has approved a 10.5% reduction in workers’ compensation rates for 2022. The decrease is set to take effect May 1, 2022.Louisiana has seen workers’ compensation rates...
Dec 27 2021 // Ten of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study.Hurricane Ida, a tropical storm that pummeled much of the eastern U.S. with lashing rain in August,...
Dec 22 2021 // Workers’ compensation insurance rates for the voluntary market will drop next year in South Carolina, but the loss cost multiplier for the assigned risk sector will climb again, thanks to another year of excessive...
Dec 22 2021 // SINGAPORE – The rapid intensification that turned this week’s Typhoon Rai into the strongest storm to hit the Philippines this year surpassed all predictions, forecasters said, leaving nearly 400 people dead and...
Dec 22 2021 // The 2021 Atlantic hurricane season was the third most active on record and the sixth consecutive year of above-average hurricane activity. Still, the overall season was mostly in line with the updated 30-year average,...
Dec 21 2021 // Written premium for 2020 was $1.9 billion, or 12%, below 2019, and was at its lowest since 2012, a new report out from the Workers’ Compensation Insurance Rating Bureau shows.WCIRB’s quarterly experience report...
Dec 20 2021 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Aspire General Insurance Co. in Rancho...
Dec 20 2021 // The number of California homeowners non-renewed by insurers fell by 10%statewide in 2020 compared with the previous year, as mandatory moratoriums by Insurance Commissioner Ricardo Lara made up more than 80% of the...
Dec 20 2021 // A few days ago, I had lunch with a young man who told me that when he was hired as a producer, his sales leader (CEO) said, “If you come work here, we’ll leave you alone.” Look, I understand this new...
Dec 20 2021 // It is imperative for agency owners to watch and learn about major trends when they start. Following are the eight key trends that insurance agencies should be tracking for 2022.1. Insurtech Technology Insurance and...
Dec 20 2021 // Bringing people together to help others has historically been a defining focus for charitable giving and volunteerism in the insurance industry. Though getting involved has become more complicated over the past year and...
Dec 20 2021 // It’s tough to make predictions, especially about the future.— Yogi Berra, Major League Baseball player and humorist Even before 2021’s final results were in the books, the forecasters were looking ahead...
Dec 20 2021 // A majority of insurance agents have a very positive outlook for 2022. About 70% expect their business growth to be on track in the new year, while nearly 20% expect that growth to be “off the charts.”According...
Dec 20 2021 // The global construction industry’s risk landscape will be transformed by radical changes in design, materials and processes as the industry enters a sustained period of strong growth.The post-Covid-19 growth will be...
Dec 14 2021 // An analysis shows that in the midst of the pandemic, the total number of job injury claims reported by California public self-insured employers edged down slightly last year, but a growing number of lost-time claims and...
Dec 14 2021 // Health insurance costs for employers rose the most in over a decade this year as Americans resumed non-urgent procedures delayed earlier due to the COVID-19 pandemic, according to a survey published on Monday.The survey by...
Dec 13 2021 // A group of tornadoes that tore across the central U.S. on December 10 and 11 resulted in widespread damage in several states and could serve as the nation’s costliest tornado outbreak on record.“Based on...
Dec 10 2021 // The growing pace and sophistication of cyberattacks on U.S. public finance entities has led to rising costs and challenges in acquiring robust cyber insurance coverage.Fitch Ratings says public entities are increasingly...
Dec 10 2021 // This post is part of a series sponsored by AgentSync.Here at AgentSync, we love talking about growth. Personal growth, professional growth, company growth; we even have an internal slack channel called green-thumb-agents...
Dec 9 2021 // In the past year, the southwestern Louisiana city of Lake Charles weathered two hurricanes, intense rainfall that sent water gushing down streets and a deep freeze that burst pipes.Yet Tommy Eastman may eventually drop...