Supporting the Economy

Given current concerns about the state of the economy, it’s a good time to review the myriad ways in which both property/casualty and life insurance contribute to state, local and national economies. The 2008 edition of the I.I.I. online publication “A Firm Foundation† shows how insurers’ support of the economy goes far beyond their core function of helping to manage risk. Yes, the insurance industry plays a vital role in helping individuals and businesses prepare for and recover from the potentially devastating effects of catastrophe, such as hurricanes or earthquakes. But insurers are also major employers, taxpayers and investors. Check out state-specific editions of A Firm Foundation for latest numbers highlighting the key role of the industry in state economies.  

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