All the headlines from our Trends Topic Page, ordered by recency.
Nov 24 2021 // Players in the U.S. nonstandard auto insurance segment may find that return to pre-pandemic norms, with greater loss-cost pressures along with elevated inflation and supply chain issues, may counteract recent positive...
Nov 23 2021 // The summer surge of COVID-19 claims that hit the California workers’ compensation system in July and August appears to have run its course, according to the California Workers’ Compensation Institute.A CWCI...
Nov 19 2021 // After two months of significant declines, litigated claims for Florida’s largest property and casualty insurers rose 5% in October, a litigation tracking service reported.CaseGlide, a litigation management software...
Nov 18 2021 // American International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price...
Nov 17 2021 // Strong growth and record premiums are projected for the global insurance industry, as demand for risk protection increases, according to Swiss Re Institute’s latest sigma study.The global insurance market is set to...
Nov 16 2021 // A private port operator in the San Francisco Bay Area that stores coal from Utah before it’s shipped to Asia has been given until 2027 to continue those operations under terms of a settlement.Officials in Richmond,...
Nov 16 2021 // There were 359 supply chain theft and fraud incidents across the United States and Canada in the third quarter of 2021, according to CargoNet.They included 294 total theft incidents that involved theft of a trucking...
Nov 15 2021 // Louisiana’s property of last resort will raise commercial property insurance coverage limits for the first time in eight years.The Board of Directors of the Louisiana Citizens Property Insurance Corp. has voted to...
Nov 15 2021 // Pinnacol Assurance in Colorado announced it will lower rates for the carrier’s 53,000-plus policyholders in Colorado by an average of 11% in 2022.The decrease will become effective Jan. 1, 2022. Pinnacol has...
Nov 15 2021 // Catastrophic weather events such as wildfires, hurricanes and floods caused 39% of home insurance claims in 2020 – the highest percentage in the last six years.According to the 2021, LexisNexis Home Trends Report,...
Nov 15 2021 // A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers.Policyholder attorney...
Nov 10 2021 // Coalition has launched new executive risks insurance products for small and midsize businesses. The directors and officers (D&O) and employment practices liability (EPL) coverages are underwritten by Zurich North...
Nov 10 2021 // AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced it has entered the pet insurance market via its Accident and Health unit through a strategic relationship with managing...
Nov 5 2021 // Insurance premium rates are likely to continue to climb in Europe, the Middle East and Africa in 2022, but probably at a slower clip, the chief executive of AIG Europe said at the Reuters Future of Insurance Europe...
Nov 5 2021 // The Kentucky Department of Insurance has approved another workers’ compensation loss cost decrease for employers in the state.The DOI announced this week that officials have ratified a 10.4% average reduction,...
Nov 5 2021 // AM Best has revised the outlooks to stable from negative and affirmed the financial strength rating of A+ (superior) and the long-term issuer credit ratings of “aa-” (superior) for the members of Quincy Mutual...
Nov 4 2021 // This is part of a series of articles from Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14. You can find more articles from the summit at the bottom of this one.Cannabis literally beat COVID-19. After...
Nov 1 2021 // Global commercial insurance prices increased 15% in the third quarter of 2021, which was the same rate of increase recorded in the previous quarter, according to the Global Insurance Market Index released by insurance...
Nov 1 2021 // For the sharing economy and mobility sectors to continue to grow, they will need new forms of insurance, including programs to support gig-workers at scale, advises a report from insurance broker Marsh.According to the...
Nov 1 2021 // According to Insurance Journal’s 2021 Agency E&O survey, 58.4% of respondents saw an increase in their E&O renewal premium from 2020 to 2021, up from 50.2% in last year’s survey. And 61.8% expect...