Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Business Owners Seek Increased Insurance Protection Amid Mounting Risks: Gallagher
Aug 9 2023 // An overwhelming number of business owners in the United States are looking to expand their insurance coverage amid risks ranging from climate change to cyber attacks, a study by global insurance brokerage Gallagher showed...
Insured Loss Estimate for Turkey Earthquake Rises to US$3.4 Billion: PERILS
Aug 8 2023 // The third loss estimate for the Kahramanmaras Earthquake Sequence, which hit large parts of south-central Turkey and neighboring Syria on Feb. 6, 2023, has risen to $3.4 billion, according to PERILS, the independent...
Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market
Aug 7 2023 // Stakeholders near and far are hailing a near-record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance market is improving, even if it will likely mean higher...
Ukraine Black Sea Attacks Signal Expanding War; Russia Insurance Costs Likely to Rise
Aug 7 2023 // The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and an oil tanker. For the first time, the attacks put at risk...
Auto Claims Inflation Speeds Ahead of Premium Increases
Aug 7 2023 // Insurance claims inflation has risen faster than the underlying consumer price index (CPI), outpacing auto insurance premium increases, according to a new study, Auto Insurance: The Uncertain Road Ahead, by the American...
Slovenia Hit by Worst Floods in More Than a Decade, Killing Several People
Aug 4 2023 // Several people were killed in Slovenia as the southern European nation was hit by some of the worst flooding in more the decade, with rapidly rising waters submerging towns in the country’s north. The Slovenian...
Forecasters Stress Uncertainty in Latest Hurricane Forecast
Aug 4 2023 // Forecasters from Colorado State University (CSU) stressed uncertainty in their latest outlook on Thursday for the current Atlantic hurricane season, even as they held steady the number of storms expected. This year’s...
Report: Auto Insurance Premiums Rise 17% in H1 of 2023
Aug 3 2023 // Car insurance premiums are skyrocketing primarily due to rising auto parts costs and extreme weather, according to virtual insurance agent platform Insurify’s Q3 2023 Mid-Year Auto Insurance Trends Report. In the...
Insuring the Future: How Gen Z Digital Natives Are Transforming Insurance
Aug 2 2023 // Powered by InsuranceJournal.tv Generation Z insurance consumers – or those born between roughly 1997 and 2012 – want the insurance process to be authentic, honest, and immediate. That’s according to guests on The...
The Future of Variable Lines Broker Management
Aug 1 2023 // This post is part of a series sponsored by AgentSync. Key takeaways: What automation looks like for variable lines compliance How automated broker compliance can help or harm carrier reputations Why broker preferences are...
Viewpoint: Innovation Trends Through the Lens of Qorus-Accenture Innovation Awards
Aug 1 2023 // The winners of the Qorus-Accenture Innovation in Insurance Awards were announced recently at a live ceremony in Milan, bringing together the industry’s trendsetters and pioneers. Now in its eighth year, this program...
Study: Motor Vehicle Thefts Soar in First Half of 2023
Jul 28 2023 // During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released this week by the Council on Criminal Justice. Continuing an upward...
Experts Discuss Risks, Opportunities in Emerging Cannabis Products
Jul 27 2023 // New cannabis products like gummies, drinks and new consumables bring the promise of exponential growth and the normalization of public consumption, promising to significantly reshape the business landscape for insuring...
Homeowners Affected by Hurricanes Urged to Complete Restore Louisiana Survey by August 1
Jul 26 2023 // Louisiana Gov. John Bel Edwards and the Office of Community Development announced that homeowners impacted by Hurricanes Laura, Delta, Ida and the May 2021 severe storms have until August 1 to complete the Restore...
Russia’s Danube Attacks Threaten Ukraine Grain Exports; Ports’ Insurance Rates Rise
Jul 26 2023 // Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv’s exports, as Moscow seeks to tighten the noose around a key sector of the economy days after abandoning...
Japanese Used-Car Exec to Step Down After Revelations of Fraudulent Insurance Claims
Jul 26 2023 // The president of Japanese used-car dealership Bigmotor Co. Ltd. said he will step down after revelations of fraudulent insurance claims by the company’s repair shops, a scandal that has also ensnared Sompo Japan...
Agency M&A Down 24% in First Half 2023: OPTIS
Jul 26 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of the year was 359, down 24% from 475 during the same time last year. “The drop-off in...
Report: California Workers’ Comp Premium Levels on the Rise
Jul 25 2023 // California workers’ compensation premium levels rose by 14% in 2022 due to the economic recovery from the pandemic-related downturn, according to the new Workers’ Compensation Insurance Rating Bureau of...
After Decades of Delays, Coal Miners Hail Rule to Slow Black Lung Disease
Jul 25 2023 // A half-century ago, the nation`s top health experts urged the federal agency in charge of mine safety to adopt strict rules protecting miners from poisonous rock dust. The inaction since – fueled by denials and lobbying...
Law Firm Must Name Clients Affected by 2020 Cyberattack, Judge Says
Jul 25 2023 // Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in Washington ruled on Monday in a case that could impact future...
