Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Progressive CEO: Early Rate Actions Helped Growth
Feb 28 2023 // Progressive Corp. posted full-year 2022 net income of $721.5 million, down about 78% from net income of $3.35 billion the prior year, due to losses in its investment portfolio. However, Chief Executive Officer Tricia...
Plastic Consumption on Track to Nearly Double by 2050: Research
Feb 27 2023 // Plastic use in G20 countries is on course to nearly double by the middle of the century unless a comprehensive and legally binding global treaty to curb consumption is drawn up, according to research published on...
Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks
Feb 27 2023 // The cyber-insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new carriers and fresh sources of capital are emerging, and companies can better afford...
Commercial Insurance Price Increases Stay Level But Clients Still Worried: CIAB
Feb 24 2023 // “Stabilization” and “moderation” continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned about future hikes, according...
Georgia Lawmakers Pare Back Bill that Would Increase Truck Weight Limits
Feb 24 2023 // Georgia lawmakers are watering down a bill to allow heavier trucks on state highways after widespread opposition to the original measure by state and local officials. Rep. Steven Meeks, a Screven Republican, described the...
Declines in Maternal Death Rates Stall Amid Increases in U.S., EU
Feb 24 2023 // Declines in pregnancy- and childbirth-related deaths that took place over a decade and a half have stalled since 2015, as rates increased in some of the world’s wealthiest regions. Maternal mortality increased by 17%...
With Rate Increases Still Pending, Lemonade Is Slowing Growth in ’23
Feb 23 2023 // Executives of insurtech Lemonade say they’re slowing down growth in 2023, as the company waits for regulators to approve rate hikes needed to keep up with inflation. “So long as these mismatched pockets...
Bird Flu Costs Pile Up as Outbreak Enters Second Year
Feb 22 2023 // The ongoing bird flu outbreak has cost the government roughly $661 million and added to consumers’ pain at the grocery store after more than 58 million birds were slaughtered to limit the spread of the virus. In...
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
Feb 20 2023 // Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021,...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points
Feb 20 2023 // Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, leading reinsurers to require higher attachment points, according to...
3 Steps to Driving Sales Growth During a Recession
Feb 20 2023 // As 2023 moves into the second quarter, intense speculation surrounds us as to how the economy will perform for the rest of this year and into next. Many economists predict that the Federal Reserve’s dramatically...
Agency Salary Survey: Employee Pay Spikes As Agency Talent Pool Shrinks
Feb 20 2023 // On the heels of the lowest U.S. unemployment rate in 53 years, insurance agency employees across the nation reported the highest salary and compensation percentage increases in the history of Insurance Journal’s...
Livestock Operations Grow as Demand Rises; Nationwide’s Cumings Sees Direct-to-Consumer Models Adding Additional Liability Risk
Feb 20 2023 // Specialization is critical in the cattle business and increased consumer demand for protein is driving new trends, including niche farms that offer direct-to-consumer strategies. In today’s evolving and growing...
RiverStone Int’l Secures Excess-of-Loss Reinsurance to Support Growth at Lloyd’s
Feb 17 2023 // RiverStone International, the largest provider of legacy solutions in the Lloyd’s market, announced it has secured an innovative multi-year excess-of-loss corporate member reinsurance cover. The reinsurance has been...
Insurers See California EV Sales Trends Driving Rate Filing Approval Urgency
Feb 16 2023 // Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows sales of electric vehicles in California rose by more than 50% last year from 2021 with...
AgentSync Co-Founders Jenn Knight and Niji Sabharwal on the Future of Insurance and AgentSync’s Place in the Industry
Feb 15 2023 // This post is part of a series sponsored by AgentSync. Recently, AgentSync Co-Founders Jenn Knight and Niji Sabharwal sat down with Judy Shaw, host of the New York Stock Exchange (NYSE) video series Floor Talk to discuss...
Ransomware Attacks on Industrial Firms Increased by 87% in 2022
Feb 14 2023 // Ransomware attacks against industrial organizations increased by 87% in 2022 from the year before, with most malicious software targeting the manufacturing sector, according to findings published Tuesday. Hackers last year...
Nurse Practitioner Claims Have Increased Since 2017 but COVID Effect Yet to Play Out
Feb 14 2023 // The distribution and severity of nurse practitioner (NP) office practice setting claims have increased sharply since 2017, according to a new report from CNA in collaboration with its business partners at Nurses Service...
31% of Workers Filing COVID Claims Suffer Long-Term, but Rate Declining: New York Fund
Feb 10 2023 // A report released this month by New York State Insurance Fund found that 31% of workers who filed claims for COVID-19 continued medical treatment or took time off work more than 60 days after the initial...
Insurers View New Car Sales Rise in California as More Evidence for Rate Filings
Feb 9 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...
