Economic Anchor

In a week in which the availability and affordability of coverage offered by our industry was called into question once again, it’s perhaps time to remind people of the major contribution made by insurers to state, local and national economies. The Insurance Information Institute’s online publication “A Firm Foundation† shows the myriad ways in which insurance supports the economy. State-specific editions also highlight the insurance industry’s role as a key player in the Alabama, California, Florida, Maryland, New York, South Carolina, Texas and Wisconsin economies. From defraying the costs of catastrophes, to providing employment, to fueling the capital markets, the industry’s contribution goes way beyond its core function of helping to manage risk. A story worth telling.  

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