Research and Trends News

Fitch Forecasts Shrinking P/C Insurer Profits

Fitch Ratings is forecasting that 2014 will end up as the second consecutive year of underwriting profits for the property/casualty industry with modest increase in the combined ratio. But the results for 2014 won’t quite match the strong performance by …

Computers at Growing Risk of Hijack by Botnet Viruses, U.S. Says

The threat posed by criminal hackers who use networks of secretly hijacked computers has increased “dramatically” over the past several years, a top U.S. Justice Department prosecutor testified Tuesday. Leslie Caldwell, the assistant attorney general for the department’s criminal division, …

Getting a Grip on Ridesharing Coverage

Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and start-up ridesharing companies have been cropping up everywhere trying to ride the heels of the success experienced …

Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey

How are agencies targeting new business today? Will historical growth rates be sustainable? And just how much do agencies need to reinvest to achieve desired growth and enable perpetuation? These are some of the questions that a new industry survey …

Report: Data Breaches Cost N.Y. Businesses $1.37B Last Year

Security breaches exposing consumers’ personal information are becoming larger and more frequent in New York, costing businesses more than $1.37 billion last year, the state attorney general’s office said. Data breaches in the state more than tripled from 2006 to …

LeBron James and Value of Celebrity Insurance Ads

From a consumer perspective, what happens when a celebrity endorses different products in two advertisements that appear in the same magazine? Do you remember both equally? One better than the other? Neither? Katie Kelting, a marketing researcher at the University …

No El Nino Yet But Chances Remain High: U.S. Climate Center

A weather-changing El Nino has yet to develop in the Pacific Ocean, according to government forecasters are who maintaining a “watch” initiated in March. The chances that the warming of the equatorial Pacific will form in the next two months …

6.5 Million Homes from Maine to Texas at Risk for Storm Surge: CoreLogic

More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs. More than $986 billion of that risk is concentrated within 15 major …

Colleges Lack Training to Prevent Sexual Assaults: Senator

One in five U.S. colleges doesn’t provide faculty and staff with training in how to respond to victims of sexual assault, according to a survey by Senator Claire McCaskill. In addition, about 31 percent of the schools don’t train students …

Willis Sees Catastrophe Bonds Setting Record This Year After Busy Q2

The largest ever volume of non-life catastrophe bonds was issued during the second quarter of 2014 (Q2), according to a report by Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings. The Willis report on insurance-linked securities found …