Research and Trends News

Argo and Aspen Issue Loss Estimates for Q3 Natural Catastrophes

Argo Group International Holdings Ltd. and Aspen Insurance Holdings Ltd. have issued their third quarter catastrophe loss estimates, primarily related to Hurricanes Harvey, Irma and Maria as well as the earthquakes in Mexico City. Argo, the Bermuda-based specialty insurance and …

Distracted Driving Is More Deadly Than Data Shows: Special Report

Jennifer Smith doesn’t like the term “accident.” It implies too much chance and too little culpability. A “crash” killed her mother in 2008, she insists, when her car was broadsided by another vehicle while on her way to pick up …

Common Reasons FEMA Denies Disaster Funds

Local governments and nonprofits trying to recover from major disasters have sometimes learned the hard way that money spent on protective measures, cleanup and rebuilding is not always reimbursed by the U.S. government. The Associated Press analyzed more than 900 …

Freelance Workforce Keeps Growing, Increasingly by Choice

Freelancing is growing. The freelance workforce grew from 53 million in 2014 to 55 million in 2016 and currently represents 35 percent of the U.S. workforce. This freelance workforce earned an estimated $1 trillion this past year, representing a significant …

U.S. Homeowners’ Premiums Grow Despite Insurers’ Decreasing Return on Equity: Aon Benfield

When this year’s results are tallied, direct U.S. homeowners’ insurance premiums will have continued to grow, despite a decreasing return on equity for insurers. According to Aon Benfield’s annual Homeowners’ ROE Outlook report, homeowners’ premiums increased from $89 billion in …

May 2018 Deadline for EU’s Cyber Rule, GDPR, Spurs Corporate Action: Marsh

The upcoming implementation of the European Union’s General Data Protection Regulation (GDPR), which takes effect in May 2018, has elevated cyber risk to the top of the corporate agenda for organizations doing business in Europe according to a survey conducted …

California Wildfires Threaten Significant Losses for P/C Insurers, Moody’s Says

Moody’s released a report on Monday assessing the impact of the wildfires in California on property/casualty insurers. “Based on history and the number of structures damaged, insured losses will run into the billions of dollars, a credit negative,” the report …

Acquiring Insurers Underperformed in 2016: Willis Towers Watson

Research from Willis Towers Watson published earlier this month revealed that insurers doing acquisitions in 2016 underperformed in comparison to peers that stayed away from M&A. WTW used a performance measure based on share price changes for the comparison. Noting …

Q3 Catastrophe Losses Will Bring Rate Hikes by London Market Insurers: Fitch

Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers’ loss-affected lines and could also affect wider market pricing trends, according to Fitch Ratings in a new report. The total industry …

How Warming Seas Could Cost South Carolina $12 Billion

If oceans warm at a rate predicted by the Intergovernmental Panel on Climate Change, the United Nation-sponsored group that assesses climate change research and issues periodic reports, expected financial losses caused by hurricanes could increase more than 70 percent by …