Insurance Research Council (IRC) News

Auto Insurance Affordability Improves in Most States: IRC

Personal auto insurance has become more affordable over time for all income groups,  including low-to-moderate income groups, and in most states, according to a report from the Insurance Research Council (IRC). The industry group says the study also shows that …

Despite Being Happy with Auto Insurer, 33% Switch After Shopping Online

A third of people who shopped for auto insurance online actually changed their insurance carrier, an insurance industry survey found. At the same time, the online opinion survey by the Insurance Research Council (IRC) found that 86 percent of insured …

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 …