Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Europe’s Wildfires in 2023 Were Among Worst This Century: Report
Apr 11 2024 // The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published on Wednesday. Last year, more than half a million (504,002) hectares, an area twice the size of...
National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023
Apr 10 2024 // It was another record-breaking year for vehicle thefts in 2023, with more than one million vehicles reported stolen – an overall increase of 1% nationwide from 2022 to 1,020,729 last year. A report from the National...
More Data Show All Trends Pointing in Right Direction for Florida Insurers
Apr 10 2024 // Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023, according to a Gallagher Re report released this week. The...
Israel Cyber Firm Claroty Eyes 2025 US IPO at $3.5B Value: Report
Apr 9 2024 // Israeli cyber security startup Claroty is preparing a possible U.S. initial public offering in 2025 at a valuation of $3.5 billion, the Calcalist financial daily reported on Tuesday. Calcalist, without citing sources, said...
If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher
Apr 9 2024 // If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of inflation — it could have added 80 basis points, or about 0.8%, to last year’s CPI increase of 3.4%,...
Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch
Apr 9 2024 // Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three US insurers — Cincinnati Financial Corp., HCC Insurance Holdings...
US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report
Apr 9 2024 // US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite and related injury claims was 19,062 in 2023, an...
Violence Against Nurses Climbed 5% Last Year, Report Shows
Apr 9 2024 // Reported assaults on nurses jumped 5% across the United States in 2023, according to a new report, raising questions for workers’ compensation insurers and potentially adding to calls for legislation from...
Viewpoint: Florida Insurance Market on the Mend
Apr 5 2024 // Almost one year ago, on May 31, 2023, Florida Gov. Ron DeSantis signed sweeping insurance reform legislation into law. At that time, the Florida insurance market was on life support. Homeowners’ insurance companies,...
Buyers’ Market Prevails During April Renewals as Reinsurers Seek Growth
Apr 5 2024 // Brokers Aon and Gallagher Re described a buyers’ reinsurance market for the April 1, 2024 property and specialty renewals as reinsurer profit margins benefited from last year’s “redistribution of...
Nationwide Wants 19% Increase in Auto Rates in West Virginia
Apr 4 2024 // Nationwide Insurance is asking West Virginia regulators for a 19% average rate increase on auto liability insurance, a move that could affect more than 27,000 insured drivers. The West Virginia insurance commissioner said...
Nationwide Survey Finds Distracted Driving Still an Issue
Apr 4 2024 // A survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a recent survey by insurance carrier, Nationwide. The new latest driving behaviors survey...
Report: Four-in-10 California Workers’ Comp Claims from Workers with Less Than a Year of Tenure
Apr 4 2024 // Roughly four-in-10 workers’ compensation claims come from workers with less than one year of tenure, a new report from the Workers’ Compensation Insurance Rating Bureau of California shows. The report shows 40%...
People Moves: Tokio Marine HCC CPLG Names New VPs and Head of Emerging Markets
Apr 2 2024 // Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC group of companies based in Houston, Texas, named two new vice presidents and a head of emerging markets. CPLG appointed...
US Home Insurance Premiums May Hit a Record This Year, Report Warns
Apr 1 2024 // US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowners...
2024 Elections to Direct Global Course for Next Decade-Plus: Marsh Specialty
Apr 1 2024 // More than 60 elections will be held worldwide in 2024, and the outcomes will likely affect international relationships, drive policy uncertainty and disrupt markets, Marsh Specialty leaders said in a new political risk...
EEOC Charges, Enforcement, Recoveries Up in 2023: Report
Apr 1 2024 // The U.S. Equal Employment Opportunity Commission (EEOC) reported heightened enforcement activity, charge activity and settlements in 2023, according to a recently released report on the agency’s performance during...
Survey: Most Architects and Engineers Professional Liability Rates to Rise
Apr 1 2024 // Most insurers plan to increase architects and engineers (A&E) professional liability insurance rates for a third consecutive year, according to a new survey by Ames & Gough. The specialty insurance broker reported...
Update: NC High Court Strikes Down Compensability of Weight-Loss Surgery
Mar 27 2024 // The North Carolina Supreme Court has undone rulings by an appeals court and the state’s Industrial Commission that had granted workers’ compensation insurance payments for a woman’s weight-loss...
Participate in the Annual Young Agents Opinion Survey: Last Call
Mar 27 2024 // Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? Insurance Journal is searching for young insurance agents to participate in this year’s Young Insurance Agents Opinion...
