Young people aged 5 to 14 accounted for 51 percent of the football injuries treated in emergency rooms in 2015, according to data from the National Safety Council. This age group accounted for 79 percent of gymnastics injuries, 51 percent of baseball and 40 percent of track and field injuries treated in emergency rooms the same year. More
SPREAD OF RISK- The selling of insurance in multiple areas to multiple policyholders to minimize the danger that all policyholders will have losses at the same time. Companies are more likely to insure perils that offer a good spread of risk. Flood insurance is an example of a poor spread of risk because the people most likely to buy it are the people close to rivers and other bodies of water that flood. (See Adverse selection )
INSOLVENCY- Insurer’s inability to pay debts. Insurance insolvency standards and the regulatory actions taken vary from state to state. When regulators deem an insurance company is in danger of becoming insolvent, they can take one of three actions: place a company in conservatorship or rehabilitation if the company can be saved or liquidation if salvage is deemed impossible. The difference between the first two options is one of degree – regulators guide companies in conservatorship but direct those in rehabilitation. Typically the first sign of problems is inability to pass the financial tests regulators administer as a routine procedure. (See Liquidation, Risk-based capital )See Full Glossary
Don’t test your luck on #StPatricksDay. Celebrate responsibly and always let a designated driver take the wheel. #ErinGoBraugh from your friends at the I.I.I. Check the link in comments for more information!
"We can't rebuild all the infrastructure. We can't fix every roof or give everyone back their electricity. But we can give the kids a place to play." - Marlene Ibsen, CEO and president, The Travelers Foundation. Like many of us, the people at #Travelers saw the devastation left by Hurricane Maria and looked further afield for ways to rebuild not just homes and businesses, but also to restore communities and bridge cultures. Watch how a team of 35 mostly Connecticut-based Travelers employees traveled to the town of Yabucoa to help restore a cherished local baseball diamond as the focal point in the lives of hundreds of kids. https://cour.at/2teJqEE #HartfordCourant #PuertoRicoStrong
The I.I.I. is proud to be a part of February Insurance Career Month! Learn more about the Insurance Career Movement and the incredible range of opportunities to earn, grow, learn, and serve your community.
Check out why the #insurance industry is where you’ll be able to follow virtually any career path or life goal you can think of: #ICM #Millennials #InsuranceCareersMonth
Passionate about #tech? From #autonomouscars to #drones to #cybersecurity to data analytics and other emerging #technolgies – #insurancecareers are wired for success!
8 out of 10 #millennials are unfamiliar with insurance as a career path. We can do better. Get involved today! #InsuranceCareersMonth
The current number of #insurance workers aged 55 and older is nearly 30% higher than in the rest of the economy. #Jobs #InsuranceIsHiring #ICM
10 ways insurance businesses can attract #Millennial talent - Download the infographic: #InsuranceCareersMonth #InsuranceCareers
Be a part of the 3rd Annual February #InsuranceCareersMonth! Learn more here: #Millennials #Jobs #InsuranceIsHiring
We’re optimizing our #business culture to engage, mentor, and support younger workers: #insurance #ICM #InsuranceCareersMonth
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; email@example.com NEW YORK, March 2, 2018— With winter storm and severe wind conditions hitting a large swath of the Northeast, the Insurance Information Institute (I.I.I.) offers the following information on insurance coverage: Auto Po… Read More
JERSEY CITY, N.J., January 26, 2018 — The private U.S. Read More