Research + Data

A World Without TRIA: Incalculable Risk

The Terrorism Risk Insurance Act (TRIA) and its successors have been an important support to efforts to supply terrorism insurance through the private market. Since the program was enacted, the percentage of companies purchasing terrorism insurance has risen to 80 percent, and the price of coverage has fallen more than 80 percent.

 

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2019 - Commentary on first quarter financial results

The property/casualty insurance industry had a comparatively strong first quarter in 2019. Premium flows, underwriting gains and profitability measures were all higher than most first quarters in the previous decade.

Haze of confusion

The spread of marijuana legalization continues apace. More than 30 states and the District of Columbia now have programs that allow qualifying patients to access medical marijuana products. Another 13 states permit non-intoxicating medical products. Eleven states and D.C. permit recreational marijuana, where adults over the age of 21 can possess and use the drug.

 

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2018 - Commentary on year-end financial results

For the U.S. property/casualty (P/C) insurance industry, 2018 was a year of unusual experience. Results were good in comparison with 2017—but 2017 was a horrible year. Premiums, investment income and profits rose, buoyed by a surprisingly strong (for this late in the business cycle) U.S. economy, but interest rates sagged, and fears of a looming recession grew.

Inflation Watch - February 2019

By Steven Weisbart, Chief Economist

 

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A rocky road so far: Recreational marijuana and impaired driving

More than 30 states, the District of Columbia, Guam and Puerto Rico have programs that allow qualifying patients to access medical marijuana products. Another 13 states permit non-intoxicating medical marijuana products. Ten states and D.C. permit recreational marijuana, where any adult over the age of 21 can possess and use the drug. Recreational marijuana sales are booming.

 

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Inflation Watch - January 2019

By Steven Weisbart, Chief Economist

 

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Spotlight on: e-scooters and insurance

Dockless electric scooter (“e-scooter”) sharing programs continue to grow in number, popularity and value. The companies that operate these programs report that millions of rides have been taken in cities across the United States. One such company, Lime, was reportedly valued at $2 billion as of January 31, 2019.

But this explosive growth of e-scooter programs has raised several concerns, including:

2018 - Commentary on first nine months financial results

For the first three quarters of 2018, the property/casualty industry’s financial results were strongly profitable, thanks to positive contributions from insurance operations and investments.

I.I.I. Economic Snapshot: Fourth Quarter 2018

This quarter’s economic snapshot examines how the property/casualty industry weathers recessions and other economic slowdowns, looking at how downturns affect premium growth, profits, exposures and accident rates. The downloadable presentation also summarizes the short- and medium-term outlook for financial markets and the U.S. economy. It also shows how leading indicators are likely to affect personal and commercial line insurers.

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