Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Survey: Insurance Often a Blind Spot for Small Businesses
Mar 16 2023 // Findings from a recent NEXT Insurance survey highlight a significant gap between small business owners’ biggest stressors in 2023 and what they’re prepared for when it comes to their insurance knowledge and...
Berkshire Hathaway to Beef Up Risk Disclosures Following SEC Request
Mar 16 2023 // Berkshire Hathaway Inc. agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman Warren Buffett, after the U.S. Securities and Exchange Commission asked that it do a...
U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW
Mar 14 2023 // U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8%, down from the rate of 5.2% in the previous quarter (Q3 2022), according to WTW’s most recent Commercial Lines Insurance...
Credit Outlook for Allstate’s Florida Unit is Negative, Reflects Deteriorated Surplus
Mar 14 2023 // The AM Best financial rating firm’s tepid outlook for Allstate’s Florida subsidiaries, Castle Key Insurance Co. and Castle Key Indemnity Co., has raised new questions about the subsidiaries’ and their...
Markets/Coverages: Coalition Enters UK Excess Cyber Insurance Market
Mar 13 2023 // Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it will enter the excess cyber insurance market in the United Kingdom to help protect businesses with enhanced coverage. By...
Groups Say Fire Retardant Injunction Would Increase Western U.S. Risks ‘Dramatically’
Mar 10 2023 // Several groups of associations, cities and counties are attempting to challenge a case in Montana they say has the potential to take away an important tool from firefighting efforts at a time when Western U.S. wildfires...
Markets/Coverages: Specialist Re/insurer Apollo Announces Partnership With Praedicat to Harness Emerging Risk Insights
Mar 10 2023 // Apollo, the London-based independent specialist insurer and reinsurer, announced a three-year agreement with Praedicat, the California-based emerging risk analytics and modeling company, that will deploy Praedicat’s...
Updated: Aviva CEO Says Demand for Private Healthcare Rising on NHS Woes
Mar 9 2023 // Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service has experienced since the pandemic. The UK insurer said Thursday that health insurance sales rose...
Women Still Underrepresented in Agency Leadership: Survey
Mar 8 2023 // A new report showed that while more agencies have at least one woman in leadership, men still outnumber women in leadership two to one. Women make up more than half of all employees in insurance agencies, but less than...
Swiss Re Closes $700M Alternative Capital Deal, Enabling Growth in Favorable Market
Mar 7 2023 // Swiss Re has closed a US$700 million multi-year stop-loss transaction with funding led by J.P. Morgan. The financing builds upon an innovative hybrid transaction concluded with J.P. Morgan in April 2022, which was the...
Climate Change to Cost Germany Up to €900B by 2050: Study
Mar 7 2023 // Extreme weather caused by climate change could cost Germany up to 900 billion euros [$957.2 billion] in cumulative economic damage by mid-century, a study showed on Monday, as Europe’s biggest economy seeks climate...
BOE’s Bailey Says UK’s Reforms of Insurance Capital Rules Increase Failure Risk by 20%
Mar 7 2023 // The governor of the Bank of England has told lawmakers that the UK government’s plans to reform insurance capital rules increases the annual risk of a failure in the life insurance sector by around 20%. The...
As Catastrophic Storm Costs Rise, Could Mandatory Flood Insurance Help?
Mar 6 2023 // This post is part of a series sponsored by AgentSync. Key Takeaways: The rising cost to U.S. taxpayers of more frequent and severe flood damages The problems with the current state of flood insurance in the U.S. Actual and...
Fraudulent Instruction, Data Theft Trends to Continue in 2023: Beazley Cyber Services Snapshot
Mar 6 2023 // Incidents of fraudulent instruction scams were up 13% in 2022, according to specialist insurer Beazley’s new Cyber Services Snapshot report. Under fraudulent instruction scams, criminals use hacking and phishing...
Insurers View New Car Sales Rise in California as More Evidence for Rate Filings
Mar 6 2023 // New figures show car sales in California continue to slowly return to pre-pandemic levels, which the state’s auto insurers believe is another indication the state’s insurance regulator needs to approve more...
What the Future Holds for Insurance
Mar 6 2023 // What changes lie ahead for the rest of 2023? That’s a question that Insurance Journal’s “On Point” podcast host Peter van Aartrijk discussed with David Smith, founder and chief executive of Global...
Women Insurance Pros on Balance, Community and the Future
Mar 6 2023 // For March’s column I wanted to celebrate Women’s History Month, but beyond that I didn’t know what the message would be. Thankfully, I know amazing women. Their answers to “What’s happening...
Spying, AI and Hacking, Oh My… 7 Agent Technology Trends to Watch in 2023
Mar 6 2023 // Technology is a double-edged sword that can drive fear as much as excitement for the future. Game-changing tech, though, allows us to make our imaginations a reality. Let’s take a spin down Future Lane to see what...
People Moves: AXA XL Adds to U.S. Mid-Market Team; Leftwich Joins Zurich to Grow ESG Services; Mace Joins Lockton Affinity
Mar 2 2023 // AXA XL Adds to U.S. Mid-Market Team AXA XL Insurance continues to build out its U.S. Mid-Market business with the recent addition of Bennett Turner as head of strategy and operations and Christopher Fallon, head of...
Architects & Engineers Insurers Seek More Rate Increases: Ames & Gough
Mar 1 2023 // According to a new survey from specialty broker Ames & Gough, insurers of professional liability for architects and engineers are planning additional rate increases to keep pace with rising claims costs, a backlog of...
