Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
The Connectivity Challenge and the Future of Insurance Agents
Oct 16 2023 // Connecting the insurance ecosystem through the power of technology could answer the decades-old problem of duplicate entry for agents. Agents still must navigate through multiple carrier portals to complete a single quote,...
Insurers Prioritizing Profit Over Growth: Exec Survey
Oct 13 2023 // Nearly half of 400 insurance executives responding to a recent survey said their current priorities center on improving profitability rather than growing their businesses. Forty-eight percent of participants reported they...
Marsh McLennan Names Tomlinson President, Future CEO of Mercer
Oct 12 2023 // Effective today, Pat Tomlinson has been named president of Marsh McLennan’s Mercer, and will succeed Mercer CEO Martine Ferland upon her retirement March 31, 2024. In the meantime, as president, Tomlinson will report...
Summit: Big Picture Trends Driving Insuring Cannabis Conditions
Oct 12 2023 // Powered by InsuranceJournal.tv Certain exclusions that were once prevalent in cannabis insurance seem to be eroding, possibly a sign of some good news for businesses in the industry. A group of experts gathered during...
Summit: Insuring Cannabis Specialists Talk Trends, Risks and Coverage Challenges
Oct 11 2023 // Powered by InsuranceJournal.tv Unique vapes, infused cocktails and even personal hygiene items — the variety of new and emerging cannabis products is a clear sign the industry is maturing and innovating. And more...
75% of Small Businesses Are Underinsured, Says Hiscox Survey
Oct 11 2023 // Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and their assets. Small businesses are an essential part of the US economy, with 56 million workers...
Hacker Puts 23andMe User Data Up for Sale on the Internet
Oct 10 2023 // An anonymous hacker is claiming to be selling “millions” of genetic profiles cobbled together from hijacked 23andMe customer accounts. The seller suggested the profiles, which include email addresses, photos,...
Most Homeowners Face Barriers to Improve Resiliency, Says APCIA Survey
Oct 10 2023 // As personal property owners face issues related to rising frequency and severity of natural catastrophes, a survey has found many do not have money or know where to start in order to mitigate damages. The American Property...
Survey: Cyber Budgets, Insurance Premium Jump Across Sectors
Oct 10 2023 // Budgets and insurance policy costs have increased exponentially despite doubts surrounding efficacy of cyber practices, according to a recent survey gauging cybersecurity practices among global debt issuers conducted by...
2023 on Track to Become Hottest Year on Record: EU Climate Service
Oct 6 2023 // This year is on track to become the hottest since at least 1940, the European Union’s Copernicus Climate Change Service said on Thursday. Scientists have said climate change, combined with this year’s El Nino...
Takeaways from Our Conversation on Hemp Market’s Growth Potential
Oct 6 2023 // Powered by InsuranceJournal.tv Hemp is often a sidenote in conversations about the cannabis industry, but hemp has far greater growth potential than most people probably think. That’s according to a new report out...
Viewpoint: Reflecting on 30 Years of Transformation in the Re/Insurance Sector
Oct 4 2023 // Executive summary: Reflecting on 30 years of Pro Global’s journey in the re/insurance sector, it is evident that the company’s evolution parallels the broader shifts that have defined the industry’s...
Consumer Product Injuries Continue to Rise After Low in 2020
Oct 3 2023 // Following the record low number of consumer product-related injuries reported in 2020 (an 18% decrease), injuries increased 6.8% in 2021 and 7.8% in 2022, according to the Consumer Product Safety Commission (CPSC). The...
Don’t Expect the Same Raise You Got Last Year: Surveys
Oct 2 2023 // Companies are trimming their budgets for merit raises next year, a sign of belt-tightening that could surprise some employees who had enjoyed two straight years of increases. US employers surveyed by Aon Plc, which...
Hotel, Motel Markets ‘Dropping Like Flies’ As Outlook Remains Challenging
Oct 2 2023 // The hospitality industry has entered a new chapter. For those who weathered the recent near collapse of the sector, the American Hotel & Lodging Association entered 2023 with optimism that hotel room demand would...
Policygenius Finds Average Home Insurance Prices Up 21%
Oct 2 2023 // Online insurance marketplace Policygenius has found that home insurance premiums at renewal increased 21% on average from May 2022 to May 2023. The state that saw the highest average increase for homeowners insurance...
Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums
Sep 29 2023 // When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget...
Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey
Sep 29 2023 // Most small businesses don’t believe they will experience a cyber attack, yet many employees are concerned they are putting their organizations at risk, according to a recent poll by Insurance Bureau of Canada...
US Supreme Court Takes Up Case Over Corporate Trend Disclosures
Sep 29 2023 // The U.S. Supreme Court on Friday agreed to consider whether shareholders can sue companies for fraud when they flout a rule requiring them to disclose trends expected to affect their bottom line in a case involving a suit...
New MGA in Florida Shows More Growth in Private Flood Market
Sep 28 2023 // The private flood insurance market continues to expand, with a new managing general agent starting up in Florida. Titan Flood Inc., based in Tampa, is being launched by Stephanie Lee, the co-founder and chief operating...
