Research and Trends News

How On-Demand Economy Is Changing Workers’ Compensation

The workers’ compensation industry must contend with a fast-growing on-demand economy where jobs are filled via apps and more employees are temporary contractors. “Technology is changing how we think about jobs,” Dr. Robert Hartwig, president of the Insurance Information Institute …

When Dogs Bite, Home Insurers Pay Average $32,000

Max, Bella and their canine comrades cause more than one-third of all home insurance claims, adding $530 million a year to insurance costs. And while the number of claims is down, the cost of the average claim from dog bites …

Workers’ Comp Industry Improved in 2014 But NCCI Sees Trouble Ahead

The workers’ compensation industry had a pretty good 2014 in which its combined ratio improved for the third consecutive year, premium grew for the fourth consecutive year, and claim frequency declined about two percent. But the results in 2014 were …

Market for Drone Insurance Expected to Take Off in Next 5 Years

The use of drones could become common practice for almost 40 percent of businesses in fewer than five years, according to corporate risk managers. Those same risk managers say they will buy drone insurance even if it’s not mandated. Munich …

Use of Captives Rises for Non-Traditional Risks: Marsh

Captive insurance vehicles are increasingly being used by businesses to provide cover for non-traditional risks, according to a new benchmarking report published by Marsh. Marsh’s report, “The World of Captives: Growth and Opportunities Without Borders,” states that the number of …

Companies Let Most Technology Assets Go Unprotected: Aon/Ponemon

Cyber is one of the fastest growing risks for companies across the globe, and information technology assets are often as valuable as property assets, yet companies are only protecting 12 percent of those assets compared to 51 percent of tangible …

Some Midsize SUVs Do Poorly on Front Overlap Crash Test

Three more midsize SUVs achieved good or acceptable ratings from the Insurance Institute for Highway Safety in the latest round of small overlap front crash testing. However many models, including three newly-rated SUVs from Fiat Chrysler Automobiles and one from …

A.M. Best: Australia’s Nat Cat Losses Will Challenge Underwriting Profits

A string of recent major natural catastrophe events in Australia is expected to materially affect non-life insurers’ upcoming earnings for the fiscal year that ends June 30, 2015, according to an A.M. Best briefing. However, the Best’s Briefing, titled, “Recent Natural Catastrophe …

Toward Sensible Risk Management of Earthquake Risk in Energy Production

Underground disposal of waste water produced from oil and natural gas wells has been blamed for triggering thousands of small earthquakes in Oklahoma and a number of other U.S. states since 2009. Heightened seismic activity corresponds closely with the timeframe …

Blowing the Whistle on NFL’s Concussion Studies

As football’s concussion crisis continues to linger, it has also bolstered the growing field of sports medicine, which is addressing the need for more study on brain injuries in sports. It’s important to keep a skeptical eye on who’s conducting the …