Research and Trends News

Agents Seek Better Compensation Deal with Carriers

On a first quarter results call W.R. Berkley Corp. President and CEO Robert Berkley cited a growing and alarming level of tension between carriers and distributors, driven by what he called a fight to grow margins in the face of …

Urgent Action Needed to Tackle Systemic Threat of Cyber Risk: Marsh & TheCityUK

Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present a “real and present danger” to the financial system, according to a new report published by TheCityUK and Marsh. Only …

P/C Insurers Caught Between Slowing Premium Growth and Rising Loss Ratios

For U.S. property/casualty insurers, net written premium still grew in 2015, but the rate of expansion is slowing, and the industry’s collective combined ratio worsened slightly, according to a new report from ISO and the Property Casualty Insurers Association of …

50% of Risk Managers Bought or Increased Cyber Insurance in Last Year: HSB

Fifty percent of U.S. businesses have either purchased cyber insurance for the first time or increased their level of coverage in the last year, according to a survey of risk managers by The Hartford Steam Boiler Inspection and Insurance Co. …

Top 5 Workers Compensation Claims and Their Causes

Strains and sprains are the most common worker injury while worker injuries are most frequently the result of materials handling incidents, according to a review of more than 1.5 million workers compensation claims by The Travelers Companies. The country’s largest …

Alberta Wildfires Could Cost $7B with Minimal Insurer Credit Hit: Ratings Agencies

The Fort McMurray wildfires, which have been raging through northern Alberta, Canada since May 1, are likely to be the costliest natural disaster in Canadian history, according to recent reports issued by catastrophe modeling firm AIR Worldwide, rating company DBRS …

Promise of Robot Cars Includes Surges in Traffic Congestion and Miles Driven

Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much. Experts foresee robot cars chauffeuring children to school, dance class and baseball …

Sixth Sense Lessens Risk of Driving While Absentminded But Not While Texting

While much has been made about the dangers of texting and driving, less attention has been focused on the age-old distractions of being absentminded or upset while driving. A team of researchers from the University of Houston (UH) and the …

Global, Diversified Multiline Insurers Best Placed to Withstand Challenges: S&P

Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published by Standard & Poor’s Global Ratings. Geographic and product diversification help global multiline insurers (GMIs) cope with challenges such as …

Hiring Alert: 88% of Employers Find Misrepresentations in Resumes

Employee resumes are very likely to contain misrepresentations and candidates’ job histories and education backgrounds aren’t what they seem, according to a survey of recruitment and human resource professionals. According to a survey by global background check firm HireRight, 88 …