I.I.I. News

Deer-Vehicle Collisions Caused More Than $4B in Damage

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 …

One Week of Storms Caused 93 Percent of Alabama’s 2011 Insured Cat Losses

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 …

Insurers Face Huge Losses from Latest Deadly Tornadoes

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 …

I.I.I.: Competition in U.S. Auto Insurance Market Has Driven Down Premium Costs

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 …

I.I.I.’s P/C Joint Industry Forum

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 …