Latest Trends Headlines
All the headlines from our Trends Topic Page, ordered by recency.
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...
Most Americans Want Legal Reforms Against Practices Like Litigation Funding: Survey
Mar 6 2024 // A majority of Americans are unaware of third-party litigation funding but most believe state and federal laws should be changed to address abuses in the legal system. According to the results of a recent survey of 2,000...
Cal/OSHA Increases Civil Penalty Amounts for 2024
Mar 6 2024 // California’s Division of Occupational Safety and Health recently increased penalties for certain violations, with some maximum penalties planned to rise as much as $4,983 this year, a smaller increase than in the...
New Survey Reveals How Independent Agents Are Adapting to the Hard Market
Mar 4 2024 // The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted Choice, the national consumer brand representing the members of...
Skeptical AM Best Tags US D&O Segment With Negative Outlook
Mar 4 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...
25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey
Mar 4 2024 // Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2023, continuing a trend that has now last more than 6 years. According to The Council of...
Rising Sea Levels Increase Threat of Arsenic in Drinking Water: Study
Mar 4 2024 // Rising seas due to climate change could exacerbate the threat of arsenic in drinking water, according to a study published in PLOS One in January. Researchers focused on arsenic in well water in Bangladesh, where up to 97%...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
Mar 4 2024 // The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines offices released by the Wholesale & Specialty Insurance Association...
Why Totaled Auto Losses Are Hard to Pin Down
Mar 4 2024 // The auto insurance market is tough and varied. Totaled auto losses are up, down or relatively stable, depending on the data source. Ever since the personal auto segment recorded a combined ratio of 112 in 2022 – a figure...
Small Business Market: Rising Costs, Hard Market but Hope for New Opportunities
Mar 4 2024 // There are reasons to be optimistic about the small business insurance market. New businesses are opening their doors every day. Small business start-ups are booming with record-breaking new business applications reported...
Forecast: Blizzard Conditions Could Bury California Mountain Towns in Feet of Snow
Feb 28 2024 // Snow was expected to pick up across portions of Oregon, Northern California and northwestern Nevada by Wednesday night, according to AccuWeather meteorologists, who are forecasting heavy snow to expand through the northern...
Join the Future: 6 Reasons to Explore Automated Compliance and Producer Management with AgentSync
Feb 28 2024 // This post is part of a series sponsored by AgentSync. The insurance industry has been slow to adopt digital-first frameworks for doing business, and the part of the business that deals with compliance and regulation change...
Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’
Feb 27 2024 // The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346, down from 449 in the previous year, according to a new report from Clyde & Co. But the global law firm believes...
Verisk’s Annual Profit Forecast Falls Short Amid Spending Uncertainty
Feb 26 2024 // Verisk Analytics forecast 2024 adjusted profit below market estimates last Wednesday, as the broader data and analytics industry grapples with worries that an uncertain economy would potentially trigger spending cutbacks...
Agents, Brokers Achieve Record Annual Growth in 2023
Feb 26 2024 // The independent insurance agent and broker channel posted an organic growth rate of 10.3% in 2023 — the highest annual level achieved since Reagan Consulting launched its quarterly growth and profitability study in...
