All the headlines from our Trends Topic Page, ordered by recency.
Jun 15 2021 // Severe weather trends and an increase in claims are impacting the price of homeowners insurance in Missouri, regulators say.A recent report issued by the Missouri Department of Commerce and Insurance shows that homeowners...
Jun 14 2021 // This post is part of a series sponsored by The Hanover Insurance Group.The rising cost of building materials is quickly outpacing inflation rates, and the high demand for qualified workers and widespread global supply...
Jun 14 2021 // An international meat processing giant has agreed to settle claims that it discriminated against employees based on race, national origin, and religion at the company’s facility in Greeley, Colorado, the U.S. Equal...
Jun 9 2021 // Despite the economic slowdown resulting from the COVID-19 business closures, the total number of workers’ compensation claims reported to the Texas Division of Workers’ Compensation rose in 2020 by 34% compared...
Jun 8 2021 // The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher premiums, a trend likely...
Jun 7 2021 // Florida has 90,000 private flood insurance policies in force now– a 300% increase since passing legislation to encourage private insurers to offer the coverage in 2014, according to Florida Insurance Commissioner...
Jun 4 2021 // AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Texas-based property/casualty...
Jun 4 2021 // With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best...
Jun 4 2021 // AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit ratings of “a-” (excellent) of New London County Mutual...
Jun 2 2021 // Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades...
May 27 2021 // AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb+” (Fair) of Anchor General Insurance Co. in San...
May 27 2021 // Nearly 100 more people died in traffic crashes in Michigan last year than in 2019, according to preliminary data released by the state police.The state police Criminal Justice Information Center said on May 26 that 1,083...
May 27 2021 // AM Best’s composite of Florida property insurance companies hit five-year performance and surplus lows in 2020, and given persisting and significant market hurdles, companies will find sustaining current surplus...
May 25 2021 // State and federal authorities are pitching in as investigators try to determine the cause of a fire that destroyed three buildings in the historic downtown of an Upper Peninsula village.Investigators in Calumet were...
May 21 2021 // AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Topa Insurance Co. in...
May 21 2021 // PARIS – Europe could see the first flying taxis enter service as early as 2024, the region’s top aviation regulator said on Wednesday.More than half a dozen European firms have announced developments of Urban Air...
May 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 Ratings of “bbb+” (Good) of Stonetrust Commercial Insurance Co....
May 20 2021 // Alabama Gov. Kay Ivey signed medical marijuana legislation Monday as Republican opposition to the issue faded after decades of debate.The program will allow people with a qualifying medical condition to purchase medical...
May 19 2021 // Cyber attacks, climate change, geopolitical unrest — organizations agree on what some of the emerging risks that pose threats are. But they lag in understanding just how much of a threat they can be.Despite a broad...
May 17 2021 // Digital transformation is imperative to remaining competitive in the London market, according to the results of a new survey published by the International Underwriting Association (IUA). Companies identified simplifying...