insurance Information Institute News

I.I.I.: 13 Years After 9/11, Threat of Terrorist Attack Remains Real

The Insurance Information Institute said this week that the threat of terrorist attack remains real and that the 13-year anniversary of the Sept. 11 terror attack is a reminder of the urgent need for federal lawmakers to reauthorize the terrorism …

Twenty Years Later Big Lesson From Northridge Quake Lost

Twenty years ago today a big one hit the Los Angeles area, killing several people and injuring thousands, damaging tens of thousands of properties, shutting down businesses, putting out of operation some of the nation’s busiest freeways and radically changing …

Ex-Treasury Official Wolin Urges Federal, State Collaboration to Improve Regulation

To make continued improvements in the U.S. insurance regulatory system, it’s imperative for state and federal officials to work collaboratively and share information and perspectives, said former Deputy Treasury Secretary Neal S. Wolin, who delivered the keynote speech at the …

P/C Insurance Executives Expect Flood Insurance Delay, TRIA Renewal, Industry Consolidation

A survey conducted at the Insurance Information Institute’s Property/Casualty Insurance Joint Industry Forum in New York Tuesday asked industry leaders for their outlook on 12 topics — ranging from the Terrorism Risk Insurance Act and the Biggert-Waters Flood Insurance Reform …

P/C Insurers Face Challenge to Match 2013 Results in 2014

The U.S. property/casualty insurance industry reported strong performance in 2013, but in 2014, the industry may find it difficult to match last year’s results as insurers begin to face more headwinds, according to executives who spoke at the Insurance Information …

Big Brains at Big ‘I’, Insurance Information Institute Give Their Take on 2014

Most economists are upbeat about next year, but just what does that mean for insurance agents in 2014? For independent agents 2013 was a year in which one entity forecasted their eventual demise, and for the rest of the business …

Hundreds of Homes Destroyed by Midwest Tornado Outbreak: AIR

Hundreds of homes were flattened by the outbreak of intense late-season thunderstorms accompanied by high winds, quarter-to-baseball sized hail, and dozens of tornadoes that swept across the Midwest on Nov. 17, according to catastrophe modeling firm AIR Worldwide. Tornadoes were …

I.I.I. on Business Insurance Lessons Learned From Sandy

The difficulty many businesses had reopening after Superstorm Sandy is a reminder of the importance of having a disaster recovery plan and the right type and amount of insurance, according to the Insurance Information Institute (I.I.I.). The I.I.I. notes that …

On a Leash: Dog Bite Insurance Claim Trends

Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2012, costing more than $489 million, according to the industry’s Insurance Information Institute (III) and insurer State Farm. While the number of claims …

Utica National’s Robinson Elected Chairman of I.I.I.

J. Douglas Robinson, chairman of the board and chief executive officer of the Utica National Insurance Group, has been elected 2013 chairman of the Insurance Information Institute (I.I.I.). He succeeds Gregory Ator, president, CEO and chairman, Bituminous Insurance Companies.The I.I.I. …