Best Read Trends Headlines
Headlines from our Trends Topic Page with the most time spent reading.
#1 As Complaints Against Pharmacists Rise So Does the Cost to Defend Them
Sep 22 2023 // The cost to defend complaints against pharmacists to their State Board has increased more than 100% in the last decade, according to a newly released claim report published by Healthcare Providers Service Organization...
#2 California Commissioner Wants FAIR Plan Changes, Modeling to Improve Insurance Market Conditions
Sep 22 2023 // California Insurance Commissioner Ricardo Lara announced a package of sweeping executive actions that include changes to the FAIR Plan, new rules for the review of climate catastrophe models, and public meetings exploring...
#3 US Supreme Court Takes Up Case Over Corporate Trend Disclosures
Sep 29 2023 // The U.S. Supreme Court on Friday agreed to consider whether shareholders can sue companies for fraud when they flout a rule requiring them to disclose trends expected to affect their bottom line in a case involving a suit...
#4 Policygenius Finds Average Home Insurance Prices Up 21%
Sep 14 2023 // Online insurance marketplace Policygenius has found that home insurance premiums at renewal increased 21% on average from May 2022 to May 2023. The state that saw the highest average increase for homeowners insurance...
#5 Mercury Introduces New Umbrella Policy as Bodily Injury Costs Rise in California
Sep 15 2023 // Mercury Insurance is introducing a new personal umbrella insurance policy for Californians that is designed to offer extra protection with bolstered coverages as the company notes that bodily injury payouts continue to...
#6 Environmental Groups Urge Regulators to Shut Down California Reactor Over Safety Concerns
Sep 19 2023 // Environmental groups called on federal regulators to immediately shut down one of two reactors at California’s last nuclear power plant until tests can be conducted on critical machinery they believe could fail and...
#7 Viewpoint: Biometric Litigation Is Significant Emerging Risk for Insurers
Sep 28 2023 // Executive Summary: Biometric litigation is a significant emerging risk that insurers must now take into consideration, says Jim Blinn, vice president, Client Solutions, Zywave. States are increasingly passing biometric...
#8 AM Best Revises Outlook for Georgia Farm Bureau Companies
Sep 18 2023 // The AM Best financial rating firm has slightly downgraded the credit rating outlook for two Farm Bureau companies after weather losses and a rise in reinsurance costs and inflation. The financial strength rating remained...
#9 New MGA in Florida Shows More Growth in Private Flood Market
Sep 28 2023 // The private flood insurance market continues to expand, with a new managing general agent starting up in Florida. Titan Flood Inc., based in Tampa, is being launched by Stephanie Lee, the co-founder and chief operating...
#10 Target Closes Nine NYC, West Coast Stores to Stop Losses From Rising Theft
Sep 27 2023 // Target Corp. is closing nine stores in four states to stem losses from rising retail theft. One Manhattan location will be shuttered, along with two in Seattle, three in Northern California and three in Portland, Oregon,...
#11 California’s Minimum Wage to Increase to $16 Per Hour in 2024
Sep 26 2023 // California’s minimum wage will increase to $16 per hour for all employers on Jan. 1, 2024. In 2023, the minimum wage was $15.50 for all employees regardless of employer size. Some cities and counties in California...
#12 AM Best Tweaks State Farm Outlook to Negative After Weather, Regulatory Issues
Sep 25 2023 // The AM Best financial rating firm has downgraded its outlook for multiple State Farm insurance companies due to weather losses and regulations that the firm said hinder the insurance giant’s ability to adequately...
#13 Rising Claims Costs Limit US P/C Profitability in 2023
Sep 27 2023 // While the profitability outlook for the U.S. P/C industry this year is mixed, Swiss Re predicts a stronger year in 2024, as premium increases and interest rates improve industry results. According to the U.S. Property...
#14 Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums
Sep 29 2023 // When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget...
#15 Property Leads Q1 Commercial Insurance Price Increases: WTW CLIPS
Jun 14 2023 // Commercial property insurance, with double-digit first quarter price increases, led other lines of businesses tracked by WTW’s Commercial Lines Pricing Survey (CLIPS). CLIPS found the aggregate price change for U.S....
#16 Rise in Fires, Ukraine-Russia Fallout Top Concerns for Shipping Industry: Allianz Report
Jun 2 2023 // The maritime sector experienced fewer total losses of vessels in 2022 while the number of shipping incidents remained relatively consistent, according to a recent report. Allianz Global Corporate & Specialty (AGCS)...
#17 Unlocking the Future: Remote Work’s Impact on the Insurance Industry
Nov 16 2023 // This post is part of a series sponsored by AgentSync. The concept of working from home isn’t entirely new. In fact, it’s been around since well before the digital age, although most “work from home”...
#18 Markets/Coverages: Evertas to Offer Largest Crypto Insurance Policy With Coverage Up to $420M
Jun 2 2023 // London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the...
#19 Viewpoint: Could Increasing Ransomware Frequency Bring Back Repeat of Hard Market?
May 25 2023 // Insurance pricing is cyclical. When loss ratios are sustainably higher, over time prices rise in response, creating a hard market. The last hard market in cyber was in 2021 when an onslaught of ransomware and high-profile...
#20 Insurance Costs Rapidly Rising for Rental Properties: S&P
Jun 14 2023 // The recent upticks in the frequency and severity of weather events has also affected insurance premiums for rental properties. According to S&P Global Ratings, insurance is an increasing percentage of total expenses...
