Rating variables are an indispensable tool for setting the cost of insurance and restricting their use can have unintended consequences, according to a new paper released jointly by the Casualty Actuarial Society (CAS) and the Insurance Information Institute.
After a disaster, you want to get back to normal as soon as possible, and your insurance company wants that too! You may get multiple checks from your insurer as you make temporary repairs, permanent repairs and replace damaged belongings. Here's what you need to know about claims payments.
Although there were some bumps in the road—claims rose somewhat faster than premiums—most measures of financial results (premiums, underwriting results, investments, surplus growth and profitability) were positive, and some even reached recent or historical peaks. The industry results were released by ISO, a Verisk Analytics company, and the American Property Casualty Insurance Association (APCIA).
We had an amazing pool of applicants for the Resiliency Innovation Challenge, cohosted with @insuretechconnect. It was tough for our online judges to select the 10 Insurtechs whose innovations might shape the future of disaster preparedness and response. #ITC2019 #innovation Don’t miss your opportunity to vote for the three teams with the best solutions for making individuals, families, and communities safer in the face of growing catastrophe #risks! #insurance #insurancenews Voting closes on August 28. https://voteitc.innovationchallenge.com/ @BetterViewMarketplace @cowbellcyber @nicbgic @meetpaladin @toffeeinsurance @myhalos
This is the heart of #hurricane season. Give yourself the gift of #peace of mind by checking your #policy is (still) right for you. Read up on what to look for here: https://www.iii.org/article/hurricane-season-insurance-guide #insurancenews #hurricaneseason #hurricaneprep
"If you live in a #flood prone area, make sure you understand that flood coverage is separate than a traditional #homeowners or #rental policy." - I.I.I. CEO Sean Kevelighan. For more information on hurricane preparedness and disaster resilience, head to the I.I.I. website: https://www.iii.org/article/hurricane-season-insurance-guide #FBF #flooding #floodinsurance #insurance #insurancenews #hurricaneprep #hurricaneseason
The I.I.I. is keeping an eye on a potential tropical cyclone that may form off of Florida's East Coast. Mark Friedlander has this update.
Thank you to all the news stations across the U.S. who helped us spread tips and information about #hurricaneprep this morning! We hope many people learned how they can prepare for this year’s #hurricaneseason. #SMT2019 #hurricane #insurance #insurancenews
KSEE24 News reporter Fabiola Ramirez takes a test drive in Ford Motor Company’s #druggeddriving suit for the #100DeadliestDays event in Fresno, California. Watch her Facebook Live to see how she performed on the test track! #distracteddriving American Property Casualty Insurance Association CHP – Central Division
A test driver at the #100DeadliestDays event in Fresno, California demonstrates the effects of Ford Motor Company’s drugged driving suit. Summer months can be the most dangerous for #drivers, especially #teendrivers. #distracteddriving American Property Casualty Insurance Association CHP – Central Division
Stay up to date with all the latest #insurance industry news and trends with the Daily newsletter. Contact us to learn about #membership opportunities that include the Daily subscription. #IIIDailyMP The Wall Street Journal Los Angeles Times
The price you pay for auto insurance reflects many rating variables—including what & how much you drive. Insurers can only use variables approved by state regulators. A new Casualty Actuarial Society & I.I.I. study explains “Insurance Rating Variables: What They Are and Why They Matter.” #autoinsurance https://bit.ly/RatingVariables
There is still time! #ITC2019 InsureTech Connect
For immediate release New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 7, 2019 — The parents of full-time college students should review their insurance policies to make sure their children’s personal possessions are covered while they’re away at school, according to the Insuran… Read More
For immediate release I.I.I. Read More
