Insurance: The Basics

Infographic: The road to recovery

Was your home or business damaged or destroyed by wildfire? To help simplify the recovery process, we offer this quick guide to what you should know about how the claims process works, and what’s covered. 

 

The Insurance Industry’s Annual Week of Giving

Each year, the insurance industry comes together for the Insurance Industry Charitable Foundation (IICF) Week of Giving. During this eight-day international and industry-wide initiative, insurance professionals complete volunteer projects in support of community nonprofit organizations.

Careers in insurance

Have you considered a career in insurance? If you haven’t, then you’re possibly missing out on the opportunity of a lifetime!

Why? Well, let’s look at the facts:

Hurricanes Harvey and Irma: Insurance FAQs

In the aftermath of Hurricane Harvey and Hurricane Irma, policyholders may have questions about how insurance works following a natural disaster. Here are some answers to many of these common questions.

Infographic: Dog bite liability claims 2016

Tax filing and insurance

At tax time people are looking to find every possible deduction they can—so what about writing off your home or auto insurance premiums? The answer mostly comes down to one easy question: personal or business?

 

If you’re buying personal coverage for your home, car or another purpose, the Internal Revenue Service considers it a regular living expense, which isn’t any more deductible than buying toothpaste or kitty litter.

 

Diversity and inclusion in the insurance industry

The insurance industry has long made a priority of attracting, retaining and developing the best talent—and insurance businesses strive to reach this goal by making diversity and inclusion the centerpiece of their company culture.

 

2016 Consumer Insurance Survey

The I.I.I. conducted this survey to collect and measure consumers and homeowners knowledge and sentiments about insurance, including: 

 

  • What they know about insurance—including the purchase of separate policies to cover flood and earthquake damage
  • Their attitudes toward the cost of their insurance coverage
  • How they comparison shop for homeowners insurance; among other topics. 

 

 

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What is a loss history report?

A Loss History Report is a record of insurance losses associated with a home or a car. Most homeowners and auto insurance companies contribute claims history information to a database known as the Comprehensive Loss Underwriting Exchange (C.L.U.E.), which is available from LexisNexis. The information is generally used by insurers when they underwrite policies.

 

Why did my auto insurance costs go up even when I didn’t file a claim?

Auto insurers price their policies based on a number of factors. Sometimes these cost factors go up, and sometimes they go down. In most states, costs are currently rising. Your actions, as a policyholder, can affect what you pay, too. For instance, if you add another car, or a teenaged driver to your policy, your costs will increase. Alternatively, your costs will decrease if you drop either a car or a driver from your policy.

 

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