Insurance: The Basics

Spotlight on: marijuana and employment

Overview

More states are passing legislation permitting medical and/or recreational marijuana use, which raises the inevitable employment-related questions. In this article, we’ll discuss:

The Insurance Industry’s Annual Week of Giving 2018

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.

How to keep your July 4th celebration safe and fun

Fireworks, flag flying, parades, and pool parties are all part of the tradition and fun associated with the Fourth of July. Partygoers, to avoid injuries, are urged to be cautious when taking part in any festivities.

Check out the following tips to help you have a safe and enjoyable holiday:

Infographic: Hurricane Deductibles

A printable version of the infographic can be downloaded here.

How Insurance Drives Economic Growth

When asked what insurance does, most people are likely to say that it provides protection against financial aspects of a premature death, injury, loss of property, loss of earning power, legal liability or other unexpected expenses. All that is true. However, the industry’s contribution to the economy goes much further. One could point to the millions of people employed in insurance and related activities, to the billions of income taxes and premium taxes paid and to extensive charitable works.

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Background on: Gun Liability

Overview

The idea that insurance can help prevent deaths from firearms often rises to the forefront of the nation’s consciousness following mass shootings. Advocates believe that if gun owners were required to purchase insurance, the cost would provide an incentive to own fewer firearms and/or more carefully store those they own.

Infographic: National Dog Bite Prevention Week

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Rating Variables in Maryland Auto Insurance

James Lynch, I.I.I. chief actuary, provided testimony before the Maryland House of Delegates, Economic Matters Committee on February 08, 2018. "Actuaries continually test and refine their rating variables. Regulators review them and the statistical rigor behind them. Then they face the most rigorous test – the real world. These variables keep passing the tests. They have been used for more than a decade, and the insurers that use them show no sign of abandoning them."

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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.

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