Research and Trends News

As Cyber Insurance Market Grows, Accumulation Risk Is Key Concern: Geneva Assn.

Although cyber risk premiums have expanded sizably in recent years with loss ratios that compare favorably to other product lines, the danger of accumulation risks is a key concern for the market, according to a study released by insurance industry …

Stanford Study Links Medical Errors to Physician Burnout

The epidemic of physician burnout may be the source of even more medical errors than unsafe medical workplace conditions, a new study led by Stanford researchers has found. Physician burnout is at least equally responsible for medical errors as unsafe …

Study Looks at Polypharmacy Claims in California Workers’ Comp

A study from the California Workers’ Compensation Institute shows the likelihood that indemnity was paid on a workers’ comp claim increased with the number of concurrent prescriptions the injured worker was on. Concurrent use of multiple medications to treat one …

Acrimonious, Disruptive No-Deal Brexit Is Growing Risk, Says Fitch

Ratings agency Fitch said on Thursday that it saw a growing risk of a bitter and economically damaging Brexit that could lead to a further downgrade of Britain’s sovereign credit rating. “We no longer believe it is appropriate to identify …

States with Best, Worst Home Flood Damage Disclosure Laws

In 21 states, home sellers are not required by law to disclose to buyers whether their home has ever flooded or whether they will be required to purchase flood insurance, according to an analysis by the Natural Resources Defense Council …

Global Insured Catastrophe Losses Decline to $20 Billion in H1: Swiss Re

Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were US$20 billion, down from US$30 billion in H1 2017, according to Swiss Re Institute’s latest sigma study. On the other hand, during the first …

Workers’ Compensation Insurers Face Rise in Motor Vehicle Accidents

Although there has been an overall decline in workers’ compensation claims, the frequency of claims for motor vehicle accidents has increased in recent years. According to the National Council on Compensation Insurance (NCCI) in a new report, these accidents can …

How Agent and Carrier Relationships Are Changing in a Customer-Centric World

Auto insurance shoppers are placing a greater importance on having more services provided to them today versus five years ago, underscoring the fact that shoppers are increasingly demanding more product options and more and different ways to connect with their …

3 Steps to Help Close Workers’ Compensation Claims Performance Gap

An analysis of five years of benchmarking data from more than 1,700 claims identifies three practices that workers’ compensation claims organizations rated as low in quality should adopt to keep from falling further behind in performance. According to the analysis …

Study Finds Massachusetts Workers in Dangerous Jobs More Prone to Overdoses

A study has found that construction workers are six times more likely to die from opioid overdoses than all other occupations in Massachusetts. The state Department of Public Health reported Wednesday there were more than 1,000 opioid-related deaths among construction …