Research and Trends News

Report: Workers’ Comp Premiums in California for First 9 Months of the Year Down 3%

The Workers’ Compensation Rating Bureau of California issued its quarterly experience report on Wednesday showing premium for the first nine months of 2018 was 3 percent below the same period for 2017. The WCIRB issued a report in September that …

Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017

Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies written during the …

A.M. Best Sees Private Passenger Auto Turnaround, Stable Outlook for 2019

Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment returns have convinced them to maintaining a stable market segment outlook for the personal lines …

Report: Return on Net Worth for California Workers’ Comp Insurers Rose

A new report shows the average return on net worth for California workers ‘ compensation insurers rose to 9.9 percent in 2017, the fourth consecutive increase. The report comes from the National Association of Commissioners and was summarized in an …

Aon Cites Need for Mitigation as Insured Wildfire Losses Top $10B for Second Year

Total aggregated economic losses for the wildfires that have burned across Northern and Southern California throughout the month are expected to minimally exceed $10 billion, while insurance claims payouts for wildfires are set to exceed $10 billion in the United …

Distracted Driving Laws Save Motorcyclists’ Lives, Research Finds

Laws to ban or curb drivers’ use of cell phones and other handheld devices have greatly reduced the rate of fatalities for motorcyclists. States with moderate to strong bans have motorcycle fatality rates that differ by as much as 11 …

How Nations Rank for Climate Risk Measures

Denmark and Britain are the top countries when it comes to implementing measures to fight climate change, although Britain has lagged in phasing out fossil fuel subsidies, a report published by academics said on Wednesday. The report was launched as …

Computer Model Identifies Risky Restaurants in Near Real Time

A new computer model is proving significantly more accurate in identifying potentially unsafe restaurants when compared with existing methods of consumer complaints and routine inspections. The model uses machine learning and de-identified and aggregated search and location data from logged-in …

Pros and Cons of the Rise of Online Insurance Platforms: Geneva Association

Online platforms can foster insurance market transparency and reduce both transaction costs and information asymmetries, factors typically associated with increased competition and societal welfare. However, online insurance platforms also give rise to challenges concerning consumer protection and competition that should …

Morgan Stanley: State Farm, Allstate Largest Insurers Exposed to Alaska Quake

State Farm, Allstate and USAA have the lion’s share of exposure from the magnitude 7.0 earthquake that struck Alaska on Nov. 30, according to a Morgan Stanley Research brief put out on Monday. The epicenter was roughly 7 miles north …