Research and Trends News

Smaller Firms Showing Interest in Cyber Liability Coverage: Aspen’s Vitale

Cyber liability insurance isn’t just for large corporations anymore. Demand for cyber liability insurance is now coming from middle-sized and small businesses, according to an insurance CEO who believes the market potential is tremendous. “Now we see many, many what …

Employee Loyalty Highest at Small, Local Businesses

Employees of small, locally owned businesses have the highest level of loyalty to their employers — and for rural workers, size and ownership of their company figure even more into their commitment than job satisfaction does, according to Baylor University …

Whistleblower Tips, Award Amount Increased in 2014, Reports SEC

The U.S. Securities and Exchange Commission received more than 3,500 tips from whistleblowers in fiscal year 2014, the largest number received since the program went into effect three years ago. The SEC announced the increase in its Nov. 17 annual …

How Carriers Are Handling Property Cat Renewals, Terrorism, Ebola: NAPCO

Property/catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to a market report from a wholesale broker specializing in catastrophe risk placements. NAPCO’s Fall 2014 State of the Market report …

D&O Primary, Excess Layer Pricing Moving in Opposite Directions: Aon

Overall price declines for directors and officers liability insurance programs of publicly traded companies continue to be driven by excess-layer price drops, Aon’s Financial Services Group said in a recent report. D&O insurance pricing fell 4.4 percent overall during second-quarter …

U.S. Employment Discrimination Settlements, Cases Down from Last Year

The U.S. Equal Employment Opportunity Commission (EEOC) says it “fought hard to overcome extraordinary fiscal constraints and operational challenges” during the 2014 fiscal year because of sequestration and the government shutdown. Yet the agency, which enforces federal laws prohibiting employment …

Small Business Insurance Market Primed for Consolidation

If heavy competition breeds consolidation, then the property/casualty small business insurance market is ripe for it in the coming years. Both large and small insurers devote lots of attention to the space, but no single company carries more than a …

More Americans Retiring Later Than They Expected

The “Great Recession” of 2008‒2009 took a toll on the retirement expectations of many Americans. According to new research from the Employee Benefit Research Institute (EBRI), there has been a nearly 23-percentage-point drop in workers retiring early or close to …

Victims Stymied in Access to Others’ Air Bag Liability Settlements

Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims. The accords make financial sense for the settling parties, but Takata and other defendants, including Honda Motor Co., …

Bicyclist Fatalities Rise As More Urban Workers Pedal to Work

The number of bicyclists killed on U.S. roadways is trending upward, particularly for certain subsets of the population, according to a by the Governors Highway Safety Association (GHSA). GHSA’s Spotlight on Highway Safety: Bicyclist Safety notes that yearly bicyclist deaths …