Research and Trends News

Record Western Wildfires a Contrast in Otherwise Quiet Year for U.S. Natural Disasters

It was a relatively quiet year for natural disasters – except for those living in the Western U.S. Property data provider CoreLogic today released its annual Natural Hazard Risk Summary and Analysis. The report shows “a continued trend of fewer …

M&A to Intensify as Insurers Hunt for Top-Line Growth: Willis Towers Watson

The competition for attractive assets will intensify in the next three years as the majority of insurers (82 percent) plan to acquire, while only one-third intend to divest, according to a survey of senior insurance executives conducted by Willis Towers …

2015 Cat Bond Activity Down Slightly from Record Levels in 2014: GC Securities

While property and casualty catastrophe bond primary issuance levels were “uncharacteristically low” in the fourth quarter of 2015, totals at year-end were only slightly lower than the all-time high levels reported in 2014, according to GC Securities, a division of MMC …

Securities Class Action Activity Rose 11% in 2015: Cornerstone

Federal securities class action litigation rose to 189 filings in 2015, an 11 percent increase over 2014 levels, according to new research. “Securities Class Action Filings—2015 Year in Review,” a report issued by Cornerstone Research and the Stanford Law School …

N.Y. Group: Scaffold Law Will Consume Billions From Public Projects Spending

The Lawsuit Reform Alliance of New York (LRANY) said New York’s “Scaffold Law” continues to drive up the cost of construction in the state and warned that the law would consume billions of dollars from the newly proposed infrastructure projects …

Texas Stamping Office: Growth in U.S. Surplus Lines Continued in 2015

Collectively, the surplus lines insurance service/stamping offices across the country processed a record-breaking $25 billion in premium in 2015, exhibiting 3.6 percent growth over the $24.2 billion in premium processed during 2014, the Surplus Lines Stamping Office of Texas (SLSOT) …

5 Trends Driving Change in Insurance Distribution

The property and casualty (P/C) industry is in a great position for further growth in the upcoming year. Robust economic recovery along with the entry of new products and services have enhanced the industry’s outlook. This is our second annual …

What to Expect in U.S. Casualty Markets in 2016: Marsh

The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh expects that the new year will also see wider use of …

ILS Market Hits New Record of $70B in 2015: Willis Capital Markets & Advisory

Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record of $65 billion at year-end 2014, according to the latest ILS market update from Willis Capital Markets & Advisory, the …

U.S. Reports on Cyber Attacks on Manufacturing, Other Industries

U.S. Department of Homeland Security investigations of cyber attacks on the nation’s critical manufacturing sector nearly doubled in the year ended Sept. 30, according to the agency. The Department of Homeland Security’s Industrial Control Systems Cybersecurity Emergency Response Team, or …