Insurance: The Basics

Auto insurance basics—understanding your coverage

The basic personal auto insurance mandated by most U.S. states provides some financial protection if you or another driver using your car causes an accident that damages someone else’s car or property, injures someone or both.

But to make the best decisions about purchasing other types of auto insurance coverage you might need, you will want to understand what’s covered, what’s not covered and what’s optional. In addition to understanding types of coverage, you will also want to consider coverage amounts.

What is covered by standard homeowners insurance?

Homeowners coverage provides financial protection against loss due to disasters, theft and accidents. Most standard policies include four essential types of coverage: coverage for the structure of your home; coverage for your personal belongings; liability protection; coverage for additional living expenses

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What determines the price of an auto insurance policy?

Many factors can affect your auto insurance premium.

Understanding the Difference Between Stock and Mutual Insurance Companies

When shopping for insurance, most consumers focus on premiums, coverage options, and customer service—but there is another important distinction: the type of company providing the coverage. Insurance companies generally fall into two main categories: stock companies and mutual companies. Understanding the difference can help consumers make more informed decisions.

Increasing Inflation on Liability Insurance – Impact as of Year-End 2024

This analysis extends earlier studies on personal and commercial auto liability insurance, calculating the cumulative effect of both economic inflation and legal system abuse on these portfolios. Furthermore, the quantification is expanded to assess impacts across general liability insurance lines. Over the decade spanning 2015 through 2024, the study estimates that increasing inflation drove liability insurance losses and defense and cost containment (DCC) expenses by more than $230 Billion.

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You can download Adobe Acrobat Reader, free of charge, from the Adobe website (http://www.adobe.com/products/acrobat/readstep.html).

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Infographic: Illinois Homeowners’ Insurance: Affordable, Accessible, and Essential

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The Insurance Industry’s Month of Giving 2025

Since 1998, the insurance industry has come together for the Insurance Industry Charitable Foundation (IICF) volunteer initiative. This is an international (US, UK and Canada) and industry-wide initiative, insurance professionals complete volunteer projects in support of community nonprofit organizations in-person and virtually taking place throughout the month of October.

The Efficacy and Return on Investment of Loss Prevention Programs – Background, Methods and Results

Quantifying the Value of IoT Solutions for Homeowners and Insurers

As insurers increase their focus on predicting and preventing costly damage that drives up claims and premiums, telematics technology has come to play an increasing role. From video doorbells that reduce theft and vandalism to “smart plumbing” solutions that detect leaks and shut off water before in-home flooding can occur, these technologies clearly offer value to homeowners and insurers.

But how much value?

Please click on the file name below to view the white paper in PDF format. You will need Adobe Acrobat Reader to view the file.

Download triple-i_ting_fire_prevention_program_07242025.pdf

You can download Adobe Acrobat Reader, free of charge, from the Adobe website (http://www.adobe.com/products/acrobat/readstep.html).

Note: Printer fonts may vary by browser and version of Adobe Reader.

Trends and Insights: Texas: A Complex Mix of Risks

Floods, fires, severe convective storms, and debilitating winter freezes are making Texas a risk microcosm of the United States.

Tropical Storm Barry was only the latest to cause devastating flooding far inland, where flood insurance take-up rates tend to be low. In Kerr County, where much of the horrific Central Texas flooding of July 4, 2025, took place, flood insurance take-up rates through the National Flood Insurance Program were 2.5 percent.

Infographic: National Roofing Week

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