Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Investors Are Increasingly Interested in a Novel Type of Weather Insurance
Apr 30 2024 // Interest in startups trying to shake up the insurance industry is on the rise as weather catastrophes worsen. The latest sign: New York-based Arbol has raised $60 million in a Series B funding round. Founded in 2018, Arbol...
US to Require New Cars to Have Emergency Braking Systems by 2029
Apr 30 2024 // Nearly all new passenger cars and trucks sold in the United States will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday,...
Key Insurer Says Russia Oil Price Cap Increasingly Unenforceable
Apr 30 2024 // A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart of the global insurance industry said, offering one of the most direct criticisms yet of measures...
Markets/Coverages: Marsh Expands Cyber Facility ECHO, Offering Up to $125M of Excess Insurance Capacity
Apr 29 2024 // Marsh, the insurance brokerage business of Marsh McLennan, announced an additional $25 million layer of capacity to its existing $100 million Cyber ECHO facility. Available to Marsh clients globally, Cyber ECHO now offers...
Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises
Apr 26 2024 // Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims Report, released this week, cybercrime is “a thriving business that adversely impacts”...
Viewpoint: Insurance Sector Adopts Easy-to-Use Technology for Digital Transformations
Apr 25 2024 // Upgrading or changing legacy platforms and enterprise software can be a nightmare to disentangle, particularly when dealing with existing operating systems, data storage, and payment processing software. When planning an...
Berkley CEO: Property E&S Momentum Slows but ‘Some More Hay’ to Be Made
Apr 24 2024 // When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addressing some talk that has...
Global Insurance Prices Continue Moderating as Rates Decline in Most Regions: Marsh
Apr 24 2024 // Global commercial insurance rates increased by 1% on average in the first quarter of 2024, compared with a 2% increase in Q4 2023, according to the Global Insurance Market Index published by Marsh, the insurance brokerage...
OPTIS: Insurance Agency M&A Down 18% in Q1 2024
Apr 23 2024 // The first quarter of 2024 was the slowest for insurance agency mergers and acquisitions since the middle of the pandemic, according to investment banking and financial firm OPTIS Partners. OPTIS Partners’ M&A...
Poll: Climate Change Concerns Grow, but Few Believe Biden’s Climate Law Will Help
Apr 23 2024 // A poll from the Associated Press-NORC Center for Public Affairs Research shows 45% of U.S. adults say they have become more concerned about climate change over the past year (six-in-10 Democrats and one-quarter of...
Strong Prices Support London Market Profits, Prompting Revision in AM Best Outlook
Apr 22 2024 // The strong pricing environment for most business lines written in the London insurance market is expected to support good underwriting profitability – factors that have led AM Best to revise its outlook for the segment...
World’s Workers Increasingly at Risk as Climate Changes: Int’l Labour Organization
Apr 22 2024 // More than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands of deaths each year, the International Labour Organization said on Monday, adding governments would need...
Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers
Apr 19 2024 // With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported $1.1 billion in net...
Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs
Apr 18 2024 // Few people in Florida and California will be surprises to hear that the majority of homeowners in those states have been affected by rising property insurance costs. A survey by Redfin, a U.S. real estate broker, found...
Climate Change to Cause $38 Trillion a Year in Damages by 2049
Apr 18 2024 // Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor productivity and destroys infrastructure, according to researchers...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023
Apr 16 2024 // The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings...
Supreme Court Rules Corporate Silence on Impactful Trends Not Securities Fraud
Apr 16 2024 // Shareholders cannot sue companies for fraud if they flout a rule requiring disclosure of trends expected to affect their bottom line unless the omission makes another statement misleading, the U.S. Supreme Court ruled on...
Chief Risk Officers Say Cybersecurity Most Pressing Risk: Survey
Apr 15 2024 // In an inaugural EY/Institute of International Finance (IIF) global insurance risk management survey, cybersecurity was ranked as the highest concern for chief risk officers. CROs surveyed said the top five risk types or...
Travelers Survey: Distracted Drivers Making US Roads More Dangerous
Apr 12 2024 // Nearly 80% of respondents to a recent Travelers survey said inattentive driving is more of a problem now than it has been in past years. Travelers noted the pandemic triggered a new wave of dangerous habits. The 2024...
Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars
Apr 11 2024 // Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades. The company is now looking to downsize to...
