Insurance regulators in New Jersey and New York—the two states hardest-hit by Sandy—report that insurers have settled 93 percent of the claims they received in the wake of superstorm Sandy, according to the Insurance Information Institute (I.I.I.). More than half …
Property/casualty insurers need to step up efforts at educating consumers about flood insurance, a panel of insurance CEOs agreed at the 17th annual Property/Casualty Insurance Joint Industry Forum. Flood insurance holds great potential, both in terms of consumer awareness and …
Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have an effect on the U.S. economy, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 17th annual Property/Casualty Insurance Joint Industry Forum, held …
Cars and deer can be a lethal combination. An increase in urban sprawl and more roads being built through wildlife habitats have displaced deer from their natural habitat, leading to a rise in deer-vehicle collisions, according to the Insurance Information …
Almost $3 billion of the $3.2 billion Alabama insurers paid out to their auto, home and business policyholders in 2011 for catastrophe losses can be traced directly to the tornadoes, hail and thunderstorms that swept through the state between April …
Less than a year after a series of tornadoes caused some of the worst insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on Friday. Friday’s system has …
A highly competitive auto insurance marketplace is making coverage more widely available and affordable for all drivers, according to the Insurance Information Institute (I.I.I.). The I.I.I. vigorously contested a Consumer Federation of America (CFA) study which asserted that insurance rating …
Insurance industry conferences are usually serious and dry affairs. And they are probably even more so in the current environment where insurers have been grappling with huge catastrophe losses. But Dr. Robert Hartwig, president of the Insurance Information Institute, provided …
