Insurance Journal examined industries experiencing changes and a few challenges due to economic forces, tough insurance market conditions, and societal pressure. Here are 10 industry sectors that could see new and emerging risks in 2023 and beyond. Cyber Complexities It …
Historic rate increases in the auto insurance line are moving consumers to jump ship and switch carriers, according to a J.D. Powers recent report. Shopping for auto insurance is now at an all-time high. The 12.1% shopping rate observed in …
This year marks the 100th anniversary of Insurance Journal’s flagship print magazine. While some say print is dead, we know better. We still love seeing words on paper, just as songwriters like to hear their lyrics sung. And, fortunately, apparently …
2023 is a BIG year for Insurance Journal. We turn 100 years old! To begin our 100th anniversary celebration, we are launching our first-ever holiday album. Yes, that’s right! The first single — “O Property O Casualty” — launched in …
Despite a majority of global business leaders expecting a recession within the next year, many still have a positive outlook on the economy. Some leaders even reported feeling very prepared heading into a recession. According to Aon’s 2022 Executive Risk …
Women are leaving top roles in U.S. firms at higher rates than ever before. Women leaders are switching jobs at higher rates than men in leadership, too, according to “Women in the Workplace 2022, ” the largest study on the …
Agency errors and omissions premiums have risen on average for three years in a row, according to Insurance Journal’s annual Agency E&O survey. Some 70.5% of respondents saw an increase in their agency E&O renewal premium in 2022. That’s up …
The demand for transportation services remains strong and experts believe that trend will continue throughout 2023. That’s good news for transportation insurance experts. At the same time, the trucking sector today faces challenges, including ongoing driver shortages, rising operational costs, …
Cyber remains the top concern in the technology risk category, with 28% of UK and U.S. respondents listing the issue as their number one risk in 2022, according to a recent survey by Beazley. But the insurer notes that this …
Cyber threats were the top concern for business decision-makers for the third time in four years, according to a recent survey. But overall claims have trended down, at least for the cyber insurer and cybersecurity firm, Coalition. According to the …
