Research and Trends News

Report: Superstorm Sandy’s Fallout Tough on Small Businesses

When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in agreement. “They got those numbers right,” the …

Poll: N.J. Residents Back Gov’t Storm Mitigation Efforts but Few Willing to Pay

A newly published study from Rutgers University in New Jersey shows that most state residents strongly support government programs aimed at lowering the likelihood of severe damage from future hurricanes. The study also found, however, that only a small fraction …

Marsh Report Finds Continued Demand for Terrorism Risk Insurance; Urges Renewal

Demand for terrorism insurance remains strong and the existence of the federal terrorism risk insurance program plays a key role in making coverage available and affordable, according to a report released by insurance broker Marsh. According to Marsh’s 2014 Terrorism …

Bigger and More Frequent Wildfires Burning Western U.S.

Wildfires across the western United States have been getting bigger and more frequent over the last 30 years, according to a new study. The number of wildfires over 1,000 acres in size in the region stretching from Nebraska to California …

2013 P/C Insurers’ Results Show Net Gain on Underwriting– First Since 2007

U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 percent. …

Financial Regulators Tell Congress TRIA Still Needed

The private insurance market is not in a position to fill the gap that would be created if Congress fails to renew the federal terrorism risk insurance program, concludes a new report to Congress by the government’s financial regulators. If …

Updated: Federal Insurance Office Seeks Comments on Auto Insurance Affordability

The insurance office within the U.S. Treasury is looking into whether minorities and low and moderate income Americans have access to affordable auto insurance. On April 10, the Federal Insurance Office, citing its authority under the Dodd-Frank act to monitor …

New Jersey Officials Fighting to End ‘Epidemic of Driver Inattention’

New Jersey’s Acting Attorney General John Hoffman this week announced the staggering toll driver inattention has taken on New Jersey’s roadways in the past 10 years. Hoffman said New Jersey has experienced a “distracted driving decade” during the past 10 …

Flood Insurance Presents Opportunity, Obstacles for Private Insurers

Privatization of the National Flood Insurance Program (NFIP) would present a huge growth opportunity to the property/casualty market, allowing insurers to tap into about $3.3 billion of yearly premiums. But the flood insurance market has a long way to go …

Why Hands-Free Cell Phones Are Not Safer: Safety Council

A National Safety Council public opinion poll indicates that 80 percent of drivers across the country believe that hands-free devices are safer than using a handheld phone despite evidence this is nit true. More than 30 studies show hands-free devices …