Category Archives: Publications

From the I.I.I. Daily: Our most popular content, May 11 – May 17

 

Here are the 5 most clicked on items from the I.I.I. Daily newsletter.

 

 

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From the I.I.I. Daily: Our most popular content, May 4 to May 10

Here are the 5 most clicked on articles from the I.I.I. Daily newsletter.

 

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From the I.I.I. Daily: Our most popular content, April 27 – May 3

Here are the 5 most clicked on articles from the I.I.I. Daily newsletter.

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From the I.I.I. Daily: Our most popular content, April 20-April 26

 

Here are the 5 most clicked on articles from the I.I.I. Daily newsletter.

 

  1. Most and Least Expensive ZIP codes for home insurance, The Street
  2. The Yellowstone supervolcano is a disaster waiting to happen, Washington Post
  3. States Where You Pay the Most and Least for Home Insurance, The Street
  4. Five New York Residents Charged in More Than $31.7M Fraud Scheme, Insurance Journal
  5. Three Insurance Tech Startups Announce Moves To Hartford, The Hartford Courant

 

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From the I.I.I. Daily: Our most popular content, April 12 – April 19

Here are the 5 most clicked on articles from the I.I.I. Daily newsletter.

  1. These childhood hobbies may have helped Warren Buffett become a billionaire, CNBC
  2. Geico ordered to pay $23M to Southern California motorist, Seattle Times
  3. Blockchain Panel Part 1: How Blockchain Will Link a New Insurance Value Chain, A.M. Best Video
  4. Retirement Insurance Products Are Disappearing. And That’s Dangerous, The Wall Street Journal blog
  5. Legal Industry Targets Insurance Employers, Insurance Business Magazine

 

 

 

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Insurance Information Institute Releases 2018 Fact Book

This week the Insurance Information Institute (I.I.I.) has published its 2018 Insurance Fact Book, the industry’s go-to resource for businesses, journalists, policymakers, researchers, and students. Providing comprehensive statistics indexed by state and insurance categories, the Insurance Fact Book allows its readers to understand the industry at a glance.

“The 2018 I.I.I. Insurance Fact Book was developed for use by anyone needing in-depth knowledge of the power that is the insurance industry,” says Sean Kevelighan, Chief Executive Officer of the Insurance Information Institute. “For nearly six decades, the Fact Book has been the essential reference resource on insurance. After record natural catastrophe losses in 2017, it’s more important than ever for audiences to have objective, fact-based content—and know that the insurance industry will emerge from these challenges stronger and better prepared to serve the public.”

The 2018 Insurance Information Institute Fact Book may be purchased by ordering copies via email at publications@iii.org or from the I.I.I.’s online store at www.iii.org/store. A PDF of the publication may also be downloaded online and is complimentary to I.I.I. member companies.

From the I.I.I. Daily: Our most popular content, March 28-April 4

Here are the 5 most clicked on articles from the I.I.I. Daily newsletter.

 

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Insurance Facts at Your Fingertips, 50 Years On

Hot off the press, the latest edition of the Insurance Information Institute’s  flagship publication Insurance Fact Book is now available. I.I.I. chief actuary Jim Lynch reflects on this  comprehensive resource:

It’s not important why, but the other day I needed to look up auto insurance written premiums for 1963.

My source: Insurance Facts 1964, an Insurance Information Institute publication that was forerunner to the  Insurance Fact Book, our one-stop property/casualty almanac whose 2015 edition went on sale this week.

FactBooks

I.I.I. has been printing some version of the Fact Book for more than 50 years, and we have earned a reputation for scrupulous accuracy.

This excursion was where I saw how well-deserved that reputation is.

Auto written premiums were $6.839 billion in 1963, according to Insurance Facts. I wanted to verify the number. To do that, I was stumped for a minute — who else would have this bit of information?

First stop: the federal government. That’s the sort of minutiae that would fill up the Statistical Abstract of the United States, the Census Bureau’s collation of the nation’s vital signs. And it was there — but the government got the information from I.I.I. — that same Insurance Facts 1964. I shouldn’t have been surprised; we continue to provide information for the Statistical Abstract and similar works.

So I went back to where I.I.I. got the data all those years ago — A.M. Best’s Aggregates  & Averages, another statistical compendium with a peerage. (We get much of our data now from SNL Financial.)

In those days before the PC, Excel and Big Data, Aggregates  & Averages was much simpler. For the most part, it resembled a bound computer printout, with most information divided among three types of insurers: stock companies, mutuals and reciprocals. To calculate an industry total, you had to pick out numbers from each section.

That’s what I did, 50 years after the fact. Sure enough, all Best’s parts added to $6.839 billion, just like our old Insurance Facts said it would.

I was reassured, but I shouldn’t have been surprised. I got to see firsthand how much double-checking and questioning every line of the 242-page book received. Our editing is scrupulous, now, just as it was in 1964, when the first Mustang rolled onto the street and some band named the Beatles put out some records.

You can buy this year’s Fact Book at www.iii.org/store or by emailing publications@iii.org or calling (212) 346-5500.