Research and Trends News

$35M in Crops Lost to Flooding in Arkansas, Study Says

A University of Arkansas study finds flooding that began in late June will lead to millions of dollars in lost crop value for Arkansas farmers. Farmers in 10 Arkansas counties are expected to lose more than $35 million in crop …

Over 1M Mass. Residents Had Personal Data Compromised in 2013: Report

Over a million Massachusetts residents had their personal information compromised last year, according to a new report issued today by the state’s Office of Consumer Affairs and Business Regulation (OCABR). The largest data breach in 2013 was reported to OCABR …

WCRI Study Examines Trends in N.Y. Workers’ Comp System

The Workers Compensation Research Institute (WCRI) in Massachusetts has published a new report that examines the performance of the New York workers’ compensation system following reforms enacted in 2007. The new WCRI study, titled “Monitoring Trends in the New York …

Health Care Spending in Massachusetts Rising Faster Than Inflation

A new report says health care spending in Massachusetts continues to grow faster than the rate of inflation. The report is from the Center for Health Information and Analysis, created under Massachusetts state law in 2012 to monitor health care …

25% of Americans Have Medical Debt; 55% Worry About It: Bankrate.com

Twenty five percent of Americans say they currently have more medical debt than emergency savings, according to a Bankrate.com report.  This number nearly doubles (44%) among those earning less than $30,000 per year. Also, according to the report,  people who …

Study: Conn. Occupational Illness Rates Higher Than U.S. Average

Occupational illness rates are higher for Connecticut workers than the national average, though the rate has declined, a study by a University of Connecticut health expert says. The overall illness rate in 2012 was 21.9 cases per 10,000 workers, a …

3 Reasons Congress Should Renew TRIA

U.S. insurance markets, like the rest of the nation, were caught off guard by the Sept.11, 2001 terrorist attacks. Loss of life and property led to an estimated $32.5 billion dollars in insured losses – $43 billion in 2013 dollars …

Young Male, Female Drivers Differ in Types of Crashes: Study

Young female drivers have more crashes at intersections and collisions with pedestrians than do young male drivers, who have more off-road and nighttime accidents than young female drivers. Gender is often related to what type of severe or fatal crash …

Third-Party Bad Faith Claims Add $800M to Florida Auto Insurance Costs: IRC

Florida’s third-party bad-faith lawsuit environment may have resulted in more than $800 million in additional auto liability claim payments in 2013. The industry-supported Insurance Research Council (IRC) in a new report estimates that this cost averages approximately $79 in additional …

Employment Growth Leads to Workers’ Comp Benefit, Cost Uptick

Workers’ compensation benefits rose by 1.3 percent to $61.9 billion in 2012, while employer costs rose by 6.9 percent to $83.2 billion, according to a report released today by the National Academy of Social Insurance (the Academy). This growth in …