Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
Markets/Coverages: Marsh Launches Global Facility Providing Cover up to $825M for Digital Asset Custodians
Mar 26 2024 // Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it...
Lawsuit in New Mexico Alleges Abuse by Catholic Priest Decades Ago
Mar 26 2024 // A man who says he was sexually abused as a boy by a priest in New Mexico in the 1960s sued the church and diocese this week, the latest case to surface in the state as the Roman Catholic Church wrestles with the global...
Chief Risk Officers Say Cybersecurity Most Pressing Risk: Survey
Mar 21 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...
EPA Bans Asbestos, Still in Use Decades After Partial Ban
Mar 21 2024 // The Environmental Protection Agency on Monday announced a comprehensive ban on asbestos, a carcinogen that kills tens of thousands of Americans every year but is still used in some chlorine bleach, brake pads and other...
California Insurance Wholesalers Association (CIWA) Celebrates Unprecedented Growth and Continues Upward Trend
Mar 19 2024 // SAN FRANCISCO BAY AREA, March 19, 2024 – The California Insurance Wholesalers Association (CIWA), a nonprofit organization dedicated to advocacy, education, and networking in the Property & Casualty segment of the...
Chubb Launches Global Transactional Risk Platform to Grow International Footprint
Mar 18 2024 // Chubb announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets. Chubb has appointed Josh Cowen as senior vice president,...
Transportation Industry Outlook 2024: A Year of Continued Challenges
Mar 18 2024 // This post is part of a series sponsored by IAT Insurance Group. More challenges are coming to the transportation sector in 2024. The U.S. economy continues to be the number one worry for drivers and fleet carriers alike....
Skeptical AM Best Tags US D&O Segment With Negative Outlook
Mar 18 2024 // Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential...
Compensation Trends Reshaping Client Service Salaries Within Insurance Agencies
Mar 18 2024 // After numerous requests for insurance industry compensation information, our team at Capstone started to track and analyze compensation data derived from our recruiting activities. Our most recent report came out in...
3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety
Mar 18 2024 // Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of...
The Future of Insurance Agencies
Mar 18 2024 // There is a traditional proclamation made following the accession of a new monarch in various countries that simultaneously announces the death of the previous monarch and asserts continuity by saluting the new monarch....
Allstate’s Florida Company Defends 54% Condo Rate Hike. Blames Reinsurance, Hurricane, Rapid Growth
Mar 18 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...
Music Festivals Canceled This Year Reveal Rising Costs of Producing Large Events
Mar 15 2024 // For four decades, the Riverbend Festival delighted music fans in Tennessee with headlining acts like Lionel Ritchie and ZZ Top, but this year the show won’t go on. “Riverbend is reevaluating and restructuring...
US Inflation Up Again in February in Latest Sign Price Pressures Remain Elevated
Mar 14 2024 // Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting...
Missouri Captive Gross Written Premium Up 142%
Mar 14 2024 // The Missouri Captive Insurance industry increased its gross written premium by 142% in 2023, the Missouri Department of Commerce and Insurance (DCI) reported. The amount of written premiums in 2022 were $3,543,681,320 vs....
Marsh Specialty: 2024 Elections to Direct Global Course for Next Decade-Plus
Mar 14 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...
Liberty Mutual Execs See Q4 Momentum as 2023 Income Falls
Mar 8 2024 // Although Liberty Mutual reported worse underwriting results and lower net income in 2023 compared to the prior year, executives pointed to the momentum of the final quarter as an indicator of what’s ahead. “We...
Cannabis Sales Outlook Promising for Insuring Cannabis Specialists
Mar 7 2024 // A new report shows global legal cannabis spending grew to $36 billion in 2023, and more importantly, that languishing sales in longer-legal states may soon start to swing back up – two big, encouraging signs for insuring...
US Commercial Lines Survey Shows Aggregate Increase of 6.6% in Q4: WTW
Mar 7 2024 // U.S. commercial insurance prices increased 6.6% in the fourth quarter 2023, with “intriguing shifts” in some coverage areas, according to a survey from broker WTW. According to the latest results from...
3 Key Trends Impacting Construction Contractor Liability in 2024
Mar 7 2024 // This post is part of a series sponsored by IAT Insurance Group. The construction industry faces a new set of challenges each year, and 2024 is no exception. Although 2023 saw a 19.7% surge[1] in spending for nonresidential...
