Research and Trends News

Report from Sustainability Advocate Shows U.S. Insurers Lag Peers

While a small group of insurance companies is taking meaningful steps to acknowledge and respond to the business risks posed by a new operating reality posed by a changing climate, overall the sector’s performance lags behind its peers in several …

Insurers Broadening Architects, Engineers Liability Coverage: Survey

While the market for architects and engineers professional liability insurance remains intensely competitive, many insurers providing this coverage are weighing new policy enhancements that offer expanded protection. A new survey by insurance broker Ames & Gough finds some insurers are …

Pricing Insurance to Reflect Distracted Driving Risk

Insurance companies are finally putting a price on the risk of distracted driving, and it’s relatively cheap. Last year, a ticket for using a mobile phone while driving added $226 to the average insurance policy, an increase of 16 percent, …

Medical Marijuana Users May be More at Risk for Non-Medical Drug Use: Study

Can medical marijuana help to fight the opioid epidemic? Many believe that it can. But a new study finds that people who use medical marijuana actually have higher rates of medical and non-medical prescription drug use—including pain relievers. The study …

Quake Scenario: More than 1M Bay Area Homes Could Suffer Extensive Damage

More than a million San Francisco Bay Area residents would face extensive damage to their homes after a major earthquake on the Hayward fault, according to a new earthquake scenario developed by the U.S. Geological Survey. The USGS findings, which …

Reinsurance Capacity Remains Abundant for Mid-Year Renewals: Aon Benfield

Global reinsurer capital continued to rise in 2017, despite the US$136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield. Indeed, capital levels stood at US$605 billion at Dec. 31, …

Small Businesses Hampered by Uninsured Damage After 2017 Hurricanes: Fed Reserve

Small businesses in the United States struggled with uninsured damages and lost revenue following a record-breaking year of hurricanes and wildfires, according to a Federal Reserve survey published on Tuesday. The report by the Dallas, New York, Richmond, and San …

Insured Losses from Europe’s Storm Friederike Rise to €1.63B (US$2.0B): PERILS

PERILS AG has issued its second loss estimate of €1.63 billion for Europe’s windstorm Friederike, also known as David. Friederike caused property damage in the British Isles, Belgium, the Netherlands and Germany on Jan. 17-18, 2018, said PERILS, the independent …

How Agencies Grow Today: Channel Harvest Survey

When it comes to business growth, agents have their eyes on the same prize but different ideas about how to secure it. That’s one of the key findings of “Agent Voices 2018,” a soon-to-be-released report based on a survey of …

Workers’ Comp Written Premium in California Fell Slightly in 2017

Written premium in California workers’ compensation fell slightly last year, the first time that’s happened in seven years, according to a new report out. The Workers’ Compensation Insurance Rating Bureau released its quarterly experience report on Friday. The report is …