I.I.I. Testifies on Property Insurance in Connecticut
This PowerPoint report presented in testimony before the Connecticut Shoreline Preservation Task Force by Steven Weisbart, senior vice president and chief economist of the Insurance Information Institute, details the impact of Connecticut’s exposure to hurricanes on the state’s property insurance market. The presentation includes data on hurricanes in Connecticut; the increase in the cost and frequency of severe weather in the U.S.; profitability and performance in the state’s property insurance market during the past decade; and flood insurance penetration and availability in the state.
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