Research and Trends News

South Dakota Beats Delaware as Best Legal Climate for Businesses

For the first time in 15 years Delaware’s court system has lost the top spot in a key business survey, ceding its place to South Dakota, according to a Monday poll conducted by an arm of the U.S. Chamber of …

Majority of Americans Don’t Trust Self-Driving Cars

Fully self-driving cars are set the hit the road within four years, but most Americans aren’t ready to buy them. The majority of U.S. consumers remain wary of the developing technology, with 55 percent of drivers surveyed by consultant AlixPartners …

Risk Managers Cautious When It Comes to Use of Drones

When it comes to commercial drones usage, 61 percent of risk managers are concerned about the potential for invasion of privacy, according to a 2017 survey conducted by Munich Reinsurance America (Munich Re, US). Other concerns include inadequate insurance (15 …

Global Study Finds No Increased Lung Cancer Risk for Hard Metal Workers

Workers in the hard metal industry are not at increased risk for lung cancer or any of 63 other potential causes of death, concluded the largest study on this population to date. The University of Pittsburgh Graduate School of Public …

Study Keys on Opioids in California Comp Claims Involving Mental Health

A new study shows the prevalence of opioids in workers’ compensation claims involving mental health. The study by the California Workers’ Compensation Institute tracks changes in the prevalence, volume and strength of opioid prescriptions in California work injury lost-time claims …

S&P: Primary P/C Insurers, Not Reinsurers, to Bear Brunt of Harvey’s Insured Losses

While it’s too early to accurately quantify the insured losses related to Hurricane Harvey, primary insurance carriers — as opposed to reinsurers — would retain the majority of losses, according to analysts at S&P Global Ratings. Regional and local primary …

P/C Insurers Lost $5.1 Billion on Underwriting in First Half of 2017: A.M. Best

The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year ago. This financial review …

Abuse of Nursing Home Residents Often Goes Unreported

More than 1 in 4 cases of possible sexual and physical abuse against nursing home patients apparently went unreported to police, says a government audit that faults Medicare for failing to enforce a federal law requiring immediate notification. The Health …

Typhoon Hato Will Have Limited Financial Impact on Macau Insurers: A.M. Best

Typhoon Hato will have only a moderate impact on the earnings of rated non-life insurers in Macau, and a limited effect on their financial strength, according to A.M. Best. On Aug. 23, 2017, Typhoon Hato (Category 2 on the Saffir-Simpson …

Risk Managers Prefer Standalone Cyber Policies: RIMS Survey

According to the 2017 RIMS Cyber Survey, risk professionals’ continued to show preference for standalone cyber insurance policies as the number of practitioners who purchased the coverage increased moderately in 2017. Findings from the 2017 RIMS Cyber Survey include: Organizations …