News by subject: Economic News/Analysis

The U.S. property/casualty (P/C) segment reported its 17th consecutive year of favorable reserve development based on 2022 calendar year results, according to a new AM Best special report. However, the $3.6 billion in favorable reserve development...

According to the Administrative Office of the U.S. Courts, business filings rose 23.3% in the 12-month period ending June 30, 2023. Chapter 11 filings have jumped 68% in the first half of the year, as compared to prior year. For context, bankruptcy...

? This year is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since the housing bubble burst in 2008 after the subprime mortgage crisis. That's according to a new report from Redfin (redfin.com), the...

Truckload freight volumes cooled in September, compounding an already difficult quarter for truckload carriers and freight brokers, said DAT Freight & Analytics, which operates the industry's largest online freight marketplace and DAT iQ data...

The economic drivers of the U.S. property/casualty (P/C) insurance industry could cumulatively expand faster than the nation's gross domestic product (GDP) in 2024 and may outperform the overall U.S. economy by 2025, according to the Insurance...

Worldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. While generative AI (GenAI) has not yet had a material impact on IT spending, investment in AI more...

Allianz Trade released today its latest Global Insolvency Report which unveils updated forecasts for 2023 and 2024. According to the world's leading trade credit insurer, after a small rebound in 2022 (+1%), global insolvencies are set to jump by +6%...

After a strong second quarter, demand for traditional managed services in Asia Pacific dropped by double-digits in the third quarter, while spending on cloud services continued to slide, according to the latest state-of-the-industry report from...

Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which analyzes data from the nation's 100 largest public defined benefit plans. During September, the...

Today, Citizens Against Government Waste (CAGW) named Federal Communications Commission (FCC) Chairwoman Jessica Rosenworcel its October 2023 Porker of the Month for trying to resurrect terrifying net neutrality rules. The FCC's attempt to reimpose...

The Americas market for IT and business services was powered by record demand for managed services in the third quarter as enterprises maintain their focus on cost optimization amid uncertain economic conditions, according to the latest...

First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation , today released First American Data & Analytics' proprietary...

Obesity and overweight are estimated to have caused a staggering $39.8 billion reduction in Texas' economy in 2022, equivalent to 1.7% of the state's gross domestic product, according to a report released by GlobalData Plc, a leading data and...

Inflation fears have not only heightened retirement anxieties, they have also begun to change how workers are saving and investing to meet their goals, according to the 2023 Global Retirement Survey released today by MFS Investment Management®...

Overall gross written premium grew for Europe's 30 largest non-life insurers in AM Best's new ranking, which also shows that total net profit has fallen. The Best's Market Segment Report, "Big Names Dominate European Insurance Landscape As Overall...

First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation , today released its September 2023 Home Price Index (HPI)...

First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation , today released its September 2023 Home Price Index (HPI)...

While inflation is slowing across Europe, the deceleration in price hikes won't be dramatic enough to turn merchants' fortunes around, says a new analysis by commerce protection provider Signifyd. Signifyd projects that online sales will finish up...

AM Best will host its annual Europe Insurance Market and Methodology Briefings on Tuesday, 7 November 2023, from 8:30 a.m. to 4:30 p.m. (GMT) at etc.venues St. Paul's in London. Adrian Cox, CEO of Beazley, will deliver the keynote presentation. As...

SullivanCotter, the nation's leading independent consulting firm in the assessment and development of total rewards programs, workforce solutions and data products for health care and not-for-profits, has released its 2023 Health Care Management and...

Diamond prices fell further in September as retail sales weakened amid competition from synthetics. Polished inventories were still high relative to sales expectations, despite lower production. The RapNet Diamond Index (RAPItm) for 1-carat...

Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh McLennan , today released its inaugural 2024 Large Asset Owner Barometer. The...

STEMCELL Technologies, Canada's largest biotechnology company, is releasing its first annual sustainability report today. The report, entitled Toward Sustainable Science, provides a comprehensive look at STEMCELL's environmental, social, and...

The impact of climate change is putting an additional financial burden on those with the fewest resources to manage financial and life stressors ? creating implications for worker productivity, employers' bottom lines, and employees' financial...

KBRA UK (KBRA) releases a research report examining the European securitisation market in Q3 2023. European securitisations sold and placed with investors experienced a strong recovery in Q2 and Q3 after a slow start to the year and are now on a...

Two new reports from doxo reveal that the cost of car ownership has increased 7% year over year to $6,184 per year. The reports also reveal that Americans as a whole spend $811 billion annually on Auto Loans and Auto Insurance combined. A statistical...

A small group of domestic tomato producers is petitioning the U.S. Department of Commerce to terminate a longstanding trade agreement between the United States and importers of fresh tomatoes from Mexico. The Tomato Suspension Agreement, which has...

Amid revelations that Small and Midsize Businesses (SMBs) in the US now represent an impressive 44 percent of the nation's GDP, ResearchandMarkets.com has added the "2023-2028 U.S. SMB Broadband Subscriber Forecast" to its offering. This timely...

In 2022, per member per month Core expenses increased by 2.4%, below the 2.6% increase in 2021. Core expenses exclude the plans' Sales and Marketing expense clusters. Trends are of continuously reporting plans and eliminate the effect of product mix...

The Sovereign Wealth Fund Institute (SWFI) is delighted to announce that Robert F. Kennedy Jr. will be a distinguished speaker at the FORT North America 2023 Event on October 10th, sharing insights and engaging in discussions on pivotal economic and...

Citi has published its latest Global Perspectives & Solutions (Citi GPS) report titled: AFRICA -- A New Growth Model. The report suggests that for a new growth model to emerge, African governments and the private sector are going to have to work...

AM Best will sponsor and participate in the second annual Türkiye Rendezvous, which will take place 10-11 October 2023 in Istanbul. The event, which is hosted by Middle East Insurance Review in partnership with the XV.International Istanbul...

AM Best is maintaining a negative outlook on the Indonesia non-life insurance segment, citing heightened reinsurance credit risk and potential pressure on underwriting margins owing to rising reinsurance costs and more-restrictive coverages. The...

The "Global Economic Development 2023: Frost Radar Report" has been added to ResearchAndMarkets.com's offering. The Economic Development Radar serves as a critical tool for assessing a region's potential for future growth and advancement, gauging...

The Dodge Momentum Index (DMI), issued by Dodge Construction Network, improved 3% in September to 182.5 (2000=100) from the revised August reading of 178.0. Over the month, the commercial component of the DMI fell 1%, while the institutional...

Today the Government of Bermuda announced that it will issue a second public consultation paper regarding the proposed introduction of a corporate income tax ("CIT") that would be applicable to Bermuda businesses that fall within the scope of the...

KBRA releases the September 2023 issue of CMBS Trend Watch. September year-to-date volume totaled $25.8 billion, down 59.2% year-over-year (YoY). But on a quarter-over-quarter (QoQ) basis, issuance performance continues to show improvement with YoY...

Generative AI and ChatGPT are not just enhancing the future of the insurance industry, but actively reshaping it. Learn how by watching a complete video replay of AM Best's "How Generative AI and ChatGPT Are Reshaping the Insurance Industry" webinar....

500 Global, one of the world's most active venture capital firms1, announced new research entitled the 500 Global Rise Report, which highlights four narratives on the next decade of global technology: the Rise of the Next Internet Users, the Rise of...

Veros Real Estate Solutions (Veros®), an industry leader in enterprise risk management and collateral valuation services, released its 2023 Q3 VeroFORECAST? that anticipates that home prices are expected to increase on average 2.2% over the next 12...

Intuit , the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, has released the 2023 Intuit QuickBooks Small Business Index Annual Report. Developed in collaboration with leading global...

12Go, an online travel agency primarily based in and serving the Asian travel market by selling tickets online for buses, ferries, and trains, unveils a list of the most favored destinations by family travelers for summer 2023. The list was based...

United Way of Greater Cleveland hosted the event, The Freakonomics of Cleveland: A Conversation with Stephen Dubner, on Tuesday, October 3, in partnership with The City Club of Cleveland, Ideastream Public Media and Playhouse Square, with more than...

Jurny, an AI startup building the infrastructure for next-generation hospitality businesses, is pleased to announce its inclusion in one of the industry's most influential reports by Skift and McKinsey & Co. "The Promise of Travel in the Age of AI"...

? Nearly two-thirds of recent U.S. homebuyers (59%) think purchasing a house is more stressful than dating, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. "Getting ghosted by your date is...

Today, Square unveiled the Square Payroll Index, a new economic indicator that uses data from Square's labor management and payroll processing solution to provide the latest information about wage growth in the retail and restaurant industries. The...

Underwriting losses in the U.S. commercial auto insurance segment soared to $3.3 billion in 2022 following near-breakeven results in the previous year, according to a new AM Best report. Commercial auto insurance has been one of the...

After a year of uncertainty driven by inflation and recession concerns, new research from Square and Afterpay indicates positive consumer confidence heading into the holiday season, with 34% of consumers planning to spend more. To capitalize on this...

According to the Paychex | IHS Markit Small Business Employment Watch, hourly earnings growth has slowed to 3.79% in September 2023, a pace not seen since September 2021 (3.77%). The Small Business Jobs Index ? which measures the rate of small...

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPItm) and HPI Forecasttm for August 2023. CoreLogic's Home Price Index dropped to an 11-year low in...