Insurance Information Institute News

Fintech Firms Alibaba, Tencent Support China’s New Cyber Law Despite Foreign Opposition

China’s Alibaba Group Holding Ltd. and Tencent Holdings Ltd. rallied behind Beijing’s recently imposed cyber security law on Thursday, following criticism of it from overseas technology rivals. The country’s two tech giants also urged closer cooperation between the public and …

China’s Cyber Security Law Could Hamper Foreign Business: P/C Industry Reps

China’s new wide-ranging cyber security law is drawing some serious apprehension from the U.S. property/casualty insurance industry. Trade associations and experts alike caution that it will create business obstacles in the world’s second-largest economy. “Most insurers already find China a …

Insurance Industry Collaboration Key to Facing Disruption, III CEO Says

In an increasingly connected and globalized world, the insurance industry needs to work together to understand and accommodate the many disruptions it faces today and in the future, according to Sean Kevelighan, CEO of the Insurance Information Institute (III), during his …

Schwarzenegger Discusses Risk at California Insurance Forum

It turns out characters like Conan the Barbarian, the cyborg from Terminator and Dutch the protagonist in the original “Predator” movie, know a thing or two about risk. Definitely the actor who portrayed them does. Actor Arnold Schwarzenegger on Monday …

Schwarzenegger, Hartwig to Headline May Southern California Symposium

Former California Gov. Arnold Schwarzenegger will headline an event next month at a Southern California university to benefit insurance students. Schwarzenegger will be joined by Robert Hartwig, an economist and president of the Insurance Information Institute, who could be making …

El Nin᷈o Talk Growing Louder Amid Southern California Storms

A whopper of a winter appears to be brewing for the Western U.S. and more conversations are turning to preparations for what could be one of the strongest El Nin᷈os on record. Strong rains throughout much of California and snow …

Oregon Woman Loses Home, Then Her Insurance

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 …

IMCA Presents ‘Innovation Torchbearer Award’ to Insurance Information Institute

  The Insurance Information Institute (I.I.I.) has been awarded the 2015 Innovation Torchbearer Award at the Insurance Marketing & Communications Association’s (IMCA) 2015 Annual Conference  in Nashville, Tenn. The I.I.I. is a non-profit communications organization supported by the insurance industry. …

Texas Tops in Lightning Damage Claim Amounts

Lightning damage is the most striking in Texas, at least for the insurance industry. The average claim in the state was $10,671 last year, the Insurance Information Institute said in a statement. That’s the highest figure among the 10 states …

Agent Support, Ratings Added to Expanding Google Compare

The auto insurance comparison website Google Compare is expanding into Texas, Illinois and Pennsylvania, as well as adding ratings and insurance agent support. That announcement was made Tuesday by Stephanie Cuthbertson, group product manager for Google Compare, at Google’s annual …