I.I.I. News

Water Damage Claims Expected to Spike Due to Strong El Nino

Winter Storm Jonas’ message to homeowners – a challenging winter lies ahead. The storm that affected 20 states was the result of a particularly strong El Niño, according to the latest Farmers Insurance Seasonal Smarts Digest. The storm brought a …

P/C Insurers Expect Stable Profits in 2016

Leaders of the property/casualty insurance industry expect no increase in profitability in 2016 for most lines of insurance, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 20th annual Property/Casualty Insurance Joint Industry Forum, held here. …

As Insurers See Value of Vehicle Telematics in Claims Handling, Access to Data Could Change

By 2025, 104 million new cars are expected to have some form of connectivity, according to a report on telematics by Ernst & Young. Because customers have more control, telematics offers the potential for better risk management and more consumer …

Quiet Season Helps Florida Reach Record, 10 Years Without a Major Hurricane

While the typical Atlantic hurricane season features 11 named storms and six hurricanes, this year’s quiet season helped the state of Florida mark a big milestone – 10 years without a major hurricane making landfall in the state. The Miami …

Halloween Brings Up Scary Risks

Nearly 157 million Americans planning to celebrate Halloween this year, according to the National Retail Federation (NRF), and with all that fun comes a heightened risk of property damage, injury and even death. The NRF estimated total spending for the …

Lessons From a ‘Rebel Without a Cause’: Remembering James Dean 60 Years After Fatal Car Crash

Sixty years ago this week, teen idol James Dean died at the age of 24, after crashing his sports car at the intersection of California Routes 46 and 41. He was reportedly driving 85 mph; his death remains a grim …

Oregon Woman Loses House and Insurance After Son is Charged With Arson

An elderly southern Oregon woman says she’s been left to depend on friends and family after her home was gutted in a suspected arson and her insurance company canceled her policy. Insurance industry officials contend the process of handling fire-related …

Hurricane Katrina Facts & Figures

Hurricane Katrina made landfall in Southern Florida as a Category 1 hurricane 10 years ago this week. Moving into the Gulf of Mexico where it strengthened into a Category 5 hurricane, it then made a second landfall on August 29 …

Industry Experts Tout Value of Home Inventories

Wild weather has become more common with climate change, the experts say, and homeowners can prepare for natural disasters by making home inventories – detailed lists of household belongings and their approximate value. Making a home inventory can be easy; …

Moore Marks 2 Years Since Tornado With Stronger Building Codes, More Storm Shelters

Two years ago today, an EF 5 tornado touched down in Moore, Oklahoma, 4.4 miles west of Newcastle. The powerful twister, with wind speeds reaching 210 miles per hour, cleared a path of destruction stretching fourteen miles while on the …