Research and Trends News

Insurance Institute’s Top Safety Pick List Shrinks Under New Headlight Standards

To help avoid deadly accidents, an insurance industry group raised standards for headlight performance, reducing the number of vehicles that earned its highest safety rating. Only 38 models were awarded the Insurance Institute for Highway Safety’s designation of Top Safety …

Cyber Market Hampered by Insurability Challenges: Geneva Assoc. Report

While insurance against cyber risk represents a tremendous new business for the insurance industry, numerous problems with the insurability currently impede the development of the market,” according to a new report published by the Geneva Association. The report, titled “Ten …

New Zealand Quake’s Insured Losses Estimated at $705M-$3.5B: Aon Cat Report

Insurance losses from last month’s magnitude 7.8 earthquake in New Zealand are likely to range between NZ$1.0 to 5.0 billion (US$705 million and US$3.5 billion), according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. At …

A Look Back at 2016 Atlantic Hurricane Season

The 2016 Atlantic hurricane season concluded on Nov. 30 with 15 named storms generating seven hurricanes, three of which were considered major ones, according to the industry’s Insurance Information Institute (I.I.I.). The National Oceanic and Atmospheric Administration (NOAA) said it …

Survey: California Leads Nation in Insurers Contracting with Diverse Businesses

California Insurance Commissioner Dave Jones hailed the results from the first national survey of the insurance industry around supplier and governing board diversity issued today. Insurance commissioners from six states – California, District of Columbia, Minnesota, New York, Oregon, and …

Over-Compensating Data Breach Victims Can Backfire

Compensation in response to a data breach is most effective when it meets customers’ expectations for what is appropriate, according to a new study by information systems researchers at the University of Arkansas. Such data breaches encompass privacy, information and …

Report Criticizes FAA Safety Oversight of Drones as Lax

U.S. aviation regulators approved commercial drone applications so quickly in recent years that they missed safety violations and took few enforcement actions, a government watchdog report concluded. The Federal Aviation Administration over a two-year span granted more than 5,500 exemptions …

Rising Risks Could Cost Global Cities $1.17 Trillion of GDP in 2017: Cambridge Study

The costs of major shocks to the global economy from natural and manmade threats could put at risk $1.17 trillion of the total projected GDP of the world’s major cities in 2017, according to the findings of a report compiled …

Report Calls on New Hampshire to Prepare for Rising Seas

Though the worst impacts of rising seas in New Hampshire are decades away, a state commission is warning that coastal communities must act now to ensure vulnerable buildings are protected and roads, bridges and other structures constructed in the future …

FM Global Explores Next-Generation Fire Sprinklers

Warehouses, served by increasingly powerful automated materials-handling equipment, are steadily getting taller, posing new fire risks and stressing traditional fire protection systems like heat-triggered ceiling sprinklers. That’s why Rhode Island-based FM Global, one of the world’s largest commercial property insurers, …