Trending Trends Headlines
The most viewed headlines from our Trends Topic Page over the last 30 days.
#1 Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market
Aug 7 2023 // Stakeholders near and far are hailing a near-record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance market is improving, even if it will likely mean higher...
#2 Auto Claims Inflation Speeds Ahead of Premium Increases
Jul 24 2023 // Insurance claims inflation has risen faster than the underlying consumer price index (CPI), outpacing auto insurance premium increases, according to a new study, Auto Insurance: The Uncertain Road Ahead, by the American...
#3 Report: Auto Insurance Premiums Rise 17% in H1 of 2023
Aug 3 2023 // Car insurance premiums are skyrocketing primarily due to rising auto parts costs and extreme weather, according to virtual insurance agent platform Insurify’s Q3 2023 Mid-Year Auto Insurance Trends Report. In the...
#4 E&O Claim Frequency Is Increasing
Jul 17 2023 // Through my recent discussions with clients and carriers, it is clear to me that agencies are incurring substantially more errors and omissions (E&O) claims. A significant difference exists between the number of claims...
#5 Business Owners Seek Increased Insurance Protection Amid Mounting Risks: Gallagher
Aug 9 2023 // An overwhelming number of business owners in the United States are looking to expand their insurance coverage amid risks ranging from climate change to cyber attacks, a study by global insurance brokerage Gallagher showed...
#6 Arkansas Schools Face 130% Increase in Property Premiums, Seek Financial Assistance
Jul 24 2023 // An Arkansas subcommittee last week approved Gov. Sarah Huckabee Sanders’ request for close to $11 million from the state’s restricted reserve fund to offset costs for school districts facing soaring property...
#7 Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June
Aug 10 2023 // Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased about 16% overall...
#8 TWIA Board Votes Down Recommended Rate Increases
Aug 9 2023 // Though an analysis found rates at Texas’ insurer of last resort to be about 20% inadequate, its board on Tuesday did not come to an agreement to file for any rate increases. The board of the Texas Windstorm Insurance...
#9 Study: Motor Vehicle Thefts Soar in First Half of 2023
Jul 28 2023 // During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released this week by the Council on Criminal Justice. Continuing an upward...
#10 Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims
Jul 21 2023 // Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information Institute...
#11 Forecasters Stress Uncertainty in Latest Hurricane Forecast
Aug 4 2023 // Forecasters from Colorado State University (CSU) stressed uncertainty in their latest outlook on Thursday for the current Atlantic hurricane season, even as they held steady the number of storms expected. This year’s...
#12 Insuring the Future: How Gen Z Digital Natives Are Transforming Insurance
Aug 2 2023 // Powered by InsuranceJournal.tv Generation Z insurance consumers – or those born between roughly 1997 and 2012 – want the insurance process to be authentic, honest, and immediate. That’s according to guests on The...
#13 NOAA Increases Prediction for Atlantic Hurricane Season to “Above-Normal”
Aug 11 2023 // The National Oceanic and Atmospheric Administration is increasing its prediction for the ongoing 2023 Atlantic hurricane season to “above-normal” activity. Warmer-than-normal sea surface temperatures across...
#14 Agency M&A Down 24% in First Half 2023: OPTIS
Jul 26 2023 // Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of the year was 359, down 24% from 475 during the same time last year. “The drop-off in...
#15 Climate Change Leads to ‘Arctic Opening,’ Creating Key Emerging Risk: Swiss Re
Jul 17 2023 // Climate change is the cause of a key emerging risk identified by Swiss Re’s SONAR report, which is leading to the opening of previously frozen waterways in the Arctic and the creation of new shipping and trade...
#16 Cargo Theft Increased 57% in Q2; High-Value Shipments Targeted
Aug 9 2023 // There were 582 supply chain events reported across the United States and Canada in the second quarter of 2023, a 57% increase when compared to the second quarter of 2022, according to the latest CargoNet report. Ongoing...
#17 Report: California Workers’ Comp Premium Levels on the Rise
Jul 25 2023 // California workers’ compensation premium levels rose by 14% in 2022 due to the economic recovery from the pandemic-related downturn, according to the new Workers’ Compensation Insurance Rating Bureau of...
#18 Law Firm Must Name Clients Affected by 2020 Cyberattack, Judge Says
Jul 25 2023 // Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in Washington ruled on Monday in a case that could impact future...
#19 Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise
Aug 10 2023 // Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible military action by China, industry sources...
#20 Crypto Ransomware Attacks Rise in First Half of 2023: Chainalysis
Jul 18 2023 // Crypto crime fell overall in the first six months of 2023, but the volume of payments to ransomware attackers surged and is on track for its second-biggest annual total on record, blockchain analytics firm Chainalysis said...
