Property/casualty insurers will be hard-pressed to repeat the industry’s stellar 2013 performance, a panel of industry chief executives agreed at the 18th annual Property/Casualty Insurance Joint Industry Forum, held on January 14. The CEOs, drawn from a cross-section of the …
More than 18.6 million participants nationwide and across the globe are scheduled to take part in an earthquake drill today. The annual Great ShakeOut earthquake drill is scheduled to be held at 10:17 A.M. today. In California alone there are …
Friday marks the anniversary of the costliest hurricane to hit Texas. On September 13, 2008, Hurricane Ike hit Galveston Island. According to Mark Hannah with the Insurance Council of Texas (ICT), insured losses as a result of the storm totaled …
Although the majority of homeowners purchase insurance for their home, when it comes to renters, only 65 percent have renters insurance, according to a poll conducted for the Insurance Information Institute (I.I.I.). The number of renters is steadily increasing. According …
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.), even though insurance is also a heavily regulated industry. The I.I.I. made the observations in response …
The National Oceanic and Atmospheric Administration (NOAA) believes the 2013 hurricane season will be a busy one. Fortunately, insurers have the resources to cover the damages this year’s windstorms may cause to their policyholders, according to the Insurance Information Institute …
While the destruction caused by tornadoes and hurricanes may grab the headlines, intense lightning storms also take their toll throughout the United States. In fact, lightning strikes cost nearly $1 billion in insured losses in 2012, according to the Insurance …
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 …