Research
For Mid-Sized Businesses, Reducing Risk Through Crisis Management Remains Big Unmet Need
Nearly 60 percent of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same time, a little over a third said they're concerned about ...
Insurers Recognizing ‘Mega’ WC Claims More Quickly
The share of "mega" workers' compensation claims — those expected to cost $3 million or more — climbed steadily since 2013 after dropping as construction employment declined sharply during the ...
P/C Carriers Will Feel the Hurt From Hurricane Laura
Ratings analysts A.M. Best and Moody's are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place ...
Personal Auto Insurance Shopping on the Rise Despite Pandemic: TransUnion
Despite a temporary downturn in the early weeks of the COVID-19 pandemic, personal auto insurance shopping rates actually rose in the first half of the year, according to TransUnion's 2020 Insurance ...
U.S. P/C Underwriting Income Plunges 5.5 Percent in H1 2020
U.S. P/C underwriting income dropped 5.5 percent in the first half of 2020 versus the same period last year. Higher underwriting expenses and policyholder dividends largely connected to COVID-19 ...
Natural Catastrophe Claims Outpaced COVID-19 During 2020 First Half: Fitch Ratings
Here's some pandemic perspective: COVID-19-related claims were not the biggest driver of the North American P/C insurance industry's overall combined ratio during the first six months of 2020. ...
COVID-19 Pandemic Takes Particular Toll on Younger Employees
The coronavirus pandemic has taken its toll, particularly on younger employees. Gen Z employees – those born starting in 1995 – were three times more likely than all other employees since the ...
Auto Insurance Shopping Rebounds After COVID-19 Shutdown
Auto insurance shopping and new business growth rebounded in May and June after a drop in late March and early April due to COVID-19 shutdowns, civil unrest and other events. However, there was ...