This op-ed by Sean Kevelighan, the CEO of the Insurance Information Institute, explains what happens when there is a disparity between insured losses—damages that are covered under an insurance policy—and uninsured losses, which are paid out-of-pocket by individuals affected by a catastrophe, such as flooding. With the approach of hurricane season, this is an ideal teachable moment.
Business interruption insurance can be as vital to your survival as a business as fire insurance. Too many small business owners fail to think about how they would manage if a fire or other disaster damaged their business premises so that they were temporarily unusable.
The CPI-U—sometimes called headline inflation—rose by 2.5 percent in April 2018 vs. April 2017, which is the largest 12-month increase since the period ending March 2017, and higher than the 1.6-percent average annual rate over the past 10 years. The core CPI rose 2.1 percent for the 12 months ending April 2018—the same as the March year-over-year core, and its largest increase since the period ending February 2017.
#Coveragegaps are a topic discussed by many but understood by few. With the approach of #hurricane season, this is an ideal “teachable moment:" via The Palm Beach Post & I.I.I.'s Sean Kevelighan FEMA Federal Emergency Management Agency National Flood Insurance Program #hurricaneprep
#ICYMI You can catch the full Property/Casualty Industry Results 2017: Perspectives from Verisk, PCI - Property Casualty Insurers Association of America, and I.I.I. #webinar, here:
2017 was a record year for #naturalcatastrophe and man-made disaster losses. The latest Swiss Re sigma study delivers statistics and expert analysis:
Raising #home #insurance deductibles from $500 to $1,000 can cut your #premium by 25 percent! Discover this and other great moneysaving tips: via MSN Money Amazon.com
A reminder that we’re LIVE tonight on Twitter at 4:00 (PT) in San Francisco with Deloitte and Lloyd's to give you an advanced look at the research on rethinking insurance products for the #sharingeconomy.
Motor vehicle #crashes are the most common #agribusiness #insurance #claim, according to insurer Nationwide: via Insurance Journal
For the second week in a row, the The New York Times has published an article that made our most popular list! Check out some of the other articles from Insurance Business America. For more information on "The Daily" send us a message to connect.
Lemonade, an #AI-powered #insurance company, has launched what it calls the world’s first open-sourced #insurance #policy: via Insurance Business America
#Business interruption #insurance can be as vital to your survival as a business as #fire insurance: #businessinterruption #interruptioninsurance #policy
#Tropical #cyclones usually weaken after they make landfall, but under certain conditions they may intensify or maintain their strength. This is called “the brown ocean effect.” For more information, check the link in the comments. #IIIBlog NASA - National Aeronautics and Space Administration
FOR IMMEDIATE RELEASE I.I.I. New York Press Office: (212) 346-5500; media@iii.org NEW YORK, May 10, 2018 —The Insurance Information Institute (I.I.I.), Verisk Analytics (ISO), and the Property Casualty Insurers Association of America (PCI) … Read More
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Kim Kirchner, Coburn Communciation: (212)-536-9837; Kim.Kirchner@coburnww.com New York, April 20, 2018—Thousands of residents and firefighters in four U.S. Read More
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