Along with the usual challenges U.S. insurers have faced in recent years—intense competition, potentially flatter profit margins, investing in technology—companies now face an important question in the coming years: how to handle the millennial generation. The “millennial question” was one …
Gordon Curran Stewart, former president of the Insurance Information Institute (I.I.I.), died Wednesday, November 26, in his hometown of Garrison, New York. Stewart, who joined the Institute in 1989 as executive vice president and in 1991 became its president until …
With an arctic cold surge and heavy snow accumulations in large parts of the United States last week, potential hazards exist for homeowners and drivers alike, according to the Insurance Information Institute (I.I.I.). A repeat of this past winter’s deep …
Superstorm Sandy made landfall on October 29, 2012 near Atlantic City, N.J., causing an estimated $18.75 billion in insured property losses, making it the third most costly U.S. storm, according to ISO’s Property Claim Services (PCS). Though there were more …
The 2015 Farmers’ Almanac predicts “copious amounts of snow and rain” over the eastern third of the country. In fact, along the Atlantic Seaboard active wintry weather is expected for the first 10 days of January and the first week …
The year-end expiration of the federal Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), and the uncertain future of the law, is creating problems in the U.S. terrorism insurance market, according to the Insurance Information Institute (I.I.I.). “The private sector does …
Insured losses to homes from lightning strikes in the United States fell to their lowest level in a decade last year, as severe thunderstorm activity eased from near-record levels and dry weather prevailed throughout much of the western half of …
A panel discussion on ways digital technology and social media can improve disaster communication is being held this weekend in Austin, Texas. At the South by Southwest Interactive conference (SXSWi) in Austin, Texas, Insurance Information Institute executive vice president, Andréa …
The Oklahoma tornadoes of May 2013 not only caused significant loss of life but also contributed to its designation last year as the costliest state for natural disaster related insurance payouts, according to the Insurance Information Institute (I.I.I.). “Oklahoma’s policyholders …
California has a near $2 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. Insurers contributed $30.2 billion to California’s 2011 …