Research and Trends News

UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire

A new U.K. law, designed to make it harder for insurers to dispute commercial insurance claims, could lead to more intense price competition and slimmer margins for the sector, according to Fitch Ratings. The Insurance Act, due to take effect …

Older Drivers Favor High-Tech Auto Features

High-tech safety features have jumped to a high priority for older U.S. car-shoppers, who want to keep their freedom of mobility, a study released Tuesday reports. Among Americans 50 and up who plan to shop for a car in the …

Why Customer Satisfaction Is Falling for Large Auto Insurers, Rising for Small: J.D. Power

After climbing in each of the past two years, customer satisfaction is falling among the nation’s largest auto insurers, while satisfaction is actually up a tad for small insurers. This rising dissatisfaction with large carriers is in turn driving overall …

Don’t Expect Surge of Private Flood Insurance Products: S&P

Opening U.S. flood insurance to private insurers won’t lead to a surge of new market entrants, Standard & Poor’s asserts in a new report. Even if Congress passes legislation to make the change as it is widely expected to do, …

PEMCO Poll: Nearly Half of Northwest Drivers Use Phones Behind the Wheel

Seattle-based PEMCO Insurance announced that nearly half of Northwest drivers admit they illegally use their phones while driving – and a majority do it because they don’t think it’s “too dangerous.” That’s according to a poll the insurer commissioned in late …

Insurers Ignore FinTech Revolution at Their Long-Term Peril: PwC

While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by PwC. As customers demand personalized insurance …

How Much Teen Drivers Add to Parents’ Auto Insurance Bill by State

Teenagers are risky drivers who are very expensive to insure but rates for insuring teens have come down, according to a report from online auto insurance site insuranceQuotes. The study found that U.S. families who add a young driver to …

Persistent Soft Market Begins to Hit Reinsurer Stock Prices: A.M. Best

While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its negative effect on top line growth, according to a …

Opioid Deaths Continue to Rise in Maryland: Report

New data from the Maryland Department of State and Mental Hygiene shows that overdose deaths from the synthetic opioid fenantyl have increased 83 percent since last year. Media outlets report that the latest data, released June 9, showed 340 fenantyl-related …

Storm Model Forecasts Beach Changes and How Far Ocean Will Overrun

When John Couch is certain a storm will hit Hatteras Island, he goes into action, moving merchandise in his auto parts store from bottom shelves to top ones and hauling away the most valuable items. But at 64 years old, …