Research and Trends News

2 Years After Sandy: Sea Bright, N.J., Prepares for Next Big Storm

Sea Bright, New Jersey, is a great example of how difficult it is to truly prepare a Jersey shore community for the next big storm. The low-lying community on a narrow strip of sand between the ocean and the Shrewsbury …

Biggest Obstacle to Cyber Insurance Sales Is Customer Education

The biggest challenge in selling cyber insurance is educating businesses about the need for cyber coverage, according to a new survey. The survey of insurance professionals found that among carriers offering cyber insurance, 40 percent say businesses don’t think they …

After Sandy: Poll Finds ‘Social Resilience’ Key to Coping With Disasters

Neighbor helping neighbor. Trust in a community. Looking out for each other. An Associated Press-NORC Center for Public Affairs Research survey suggests that those factors — collectively termed “social resilience” — have a big impact on how prepared communities feel …

Top 10 Market Conduct Issues for P/C Insurers

A review of state insurance regulators’ examinations of U.S. property/casualty insurers shows that claims-handling, underwriting and producer requirements continue to be the top criticisms. According to compliance and risk management firm Wolters Kluwer Financial Services, the data compiled for its …

Carpenter Report Details Impact of 2004 & 2005 Hurricane Seasons

Guy Carpenter & Company released Part II of the two-part Ten-Year Retrospective of the 2004 and 2005 Atlantic Hurricane Seasons. Part II focuses on the 2005 hurricane season and the cumulative effects of both the 2004 and 2005 seasons on the …

Tougher State Malpractice Laws May Not Reduce Defensive Medicine

Changing laws to make it more difficult to sue physicians for medical malpractice may not reduce the amount of “defensive medicine” practiced by physicians, according to a new study. Studying the behavior of emergency physicians in three states that raised …

Kansas Contractors Struggle to Find Skilled Workers

A survey finds that many Kansas contractors are having trouble filling skilled jobs in the construction industry. Ninety percent of the 20 Kansas firms that responded to an Associated General Contractors survey said they’re having a hard time finding project …

Florida Is Hot Spot for Luxury Car Theft

Drivers of luxury vehicles in Florida should watch out. Their cars are the least likely in the U.S. to be returned if stolen. More than 25 percent of luxury cars taken from the beginning of 2010 through 2013 were never …

Towers Watson Predicts Moderate Global Growth, Downside Risks

Towers Watson says that overall global growth in the next three to five years will be moderate and divergent on a country basis, and risks to global growth are skewed to the downside in its report entitled “Secular Outlook 2014: …

10 Insurance Myths (Men Are More Likely Than Women to Believe 8 of Them)

Men may be more gullible when it comes to insurance myths than women but even women think a number of popular myths about insurance are true, according to a survey by online insurance seller insure.com. Insure.com said it recently surveyed …