Research and Trends News

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 …

1 in 7 Cars on Road Have Unrepaired Defect

Even with U.S. auto recalls on pace to reach the highest level in a decade this year, there’s a good chance many of the vehicles won’t get fixed. About a third of all recalled cars and trucks don’t get repaired, …

Private Premiums Under Affordable Care Act 15% Below Forecast, Says CBO

The health law will cost $104 billion less over the next decade, the Congressional Budget Office said after premiums for private Obamacare plans came in lower than the agency expected. The premium for a benchmark “silver” level plan, the second-most …

Energy Firms Unprotected for Major Cyber Events: Willis

Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said, likening the threat to a “time bomb” that could cost the industry billions of dollars. Willis highlighted the industry’s vulnerability to cyber threats in its annual review …

Tennessee Colleges Report Drop in Crime

A Tennessee Bureau of Investigation report says overall crime on college campuses has dropped by more than 11 percent. The Chattanooga Times Free Press cited the data in reporting that the number of assaults and thefts were down while the …

IMF Sees Global Growth Gaining Along with Rising Risks in Emerging Economies

The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic snapshot, the Washington-based IMF said …

SNL’s Top 30 E&S Writers: Berkshire On Fire with 40% Growth in 2013

With 40 percent premium growth in 2013, Berkshire Hathaway climbed five spots in the U.S. excess and surplus lines (E&S) ranking by SNL Financial, while QBE scaled back its North American operations and fell three places. Berkshire Hathaway Inc. is …

Top 10 States and Cities for Job Growth

North Dakota, California, Texas and Florida did well in job growth in 2013 while Arkansas and Pennsylvania lagged and West Virginia was the only state to lose jobs. Overall, 12 states showed job growth of at least two percent last …