Editor’s Note

More Cell Distractions

It doesn’t take using a cell phone to cause driver distraction. Simply hearing a cell phone notification “ding” is enough to impair a person’s ability to focus on a given task — such as driving. That’s according to a new …

Data Breach and Suppliers

With some four-out-of-10 mid-sized businesses having had a cyber breach in the past three years, it’s no wonder that the take up rate for cyber insurance is rising. And it’s expected to jump even further in the next 12-24 months. …

Playing It Safe

Feeling old? Risk-averse? You’re not alone. It’s been 46 years since Woodstock, which drew 400,000 young people to upstate New York for three days of free music and art in 1969. It was a defining moment for the Baby Boom …

Turbulence Ahead

The workers’ compensation industry fared well in 2014. Net written premium for workers’ compensation continued its upward trend, with 2014 marking the fourth consecutive year of premium increases. According to the National Council on Compensation Insurance (NCCI), the preliminary estimate …

Wearable Devices in Insurance

Nearly two-thirds of insurers expect wearable technologies to have a significant impact on the industry. According to a survey in Accenture’s annual Technology Vision report, where more than 200 insurance executives across nine countries responded, 63 percent believe that wearable …

It’s a Buyers’ Market

Insurance buyers can expect to face friendly market conditions on most lines of insurance for the remainder of 2015 thanks to reduced catastrophe losses and a high supply of capital. But evolving threats from a range of risks — cyber …

Future Competition

Young agents, while generally happy with their career choice, temper their optimism with doses of reality about what lies ahead in terms of competition. Who can blame them? This issue of Insurance Journal features exclusive results from the 2015 Young …

More Miles, Less Cars

Driverless vehicles may reduce the number of vehicles a family needs, but may lead to an increase in total miles driven. Researchers at the University of Michigan Transportation Research Institute (UMTRI) examined U.S. National Household Travel Survey data that contained …

Paying Tribute

The industry saw the passing of two of its best known and respected leaders in the past month: Liam McGee, former CEO and executive chairman at The Hartford, and Robert Benmosche, former CEO of MetLife and American International Group. Both …

New Hires in 2015

About two-thirds of insurance carriers expect to hire more employees this year, a new survey finds. According to the semi-annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, 66 percent of all insurance companies intend …

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