Insurance Research Council (IRC) News

Third-Party Bad Faith Claims Add $800M to Florida Auto Insurance Costs: IRC

Florida’s third-party bad-faith lawsuit environment may have resulted in more than $800 million in additional auto liability claim payments in 2013. The industry-supported Insurance Research Council (IRC) in a new report estimates that this cost averages approximately $79 in additional …

Study Tracks Rise in Attorney Involvement in Auto Insurance Claims

Attorney involvement in auto insurance claims is on the rise and varies significantly by state, according to an insurance industry study. The percentage of auto injury claimants represented by attorneys rose to 36 percent of personal injury protection (PIP) claimants …

How ACA Healthcare Law Could Affect P/C Insurance Costs and Claims

The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to an insurance industry white paper. In addition, property/casualty insurers may potentially …