Research + Data

Equity Indexed Annuities: Fundamental concepts and issues

Executive summary

Executive summary of a paper on Equity-Indexed Annuities (EIAs), also known as Indexed Annuities and (more recently) Fixed Indexed Annuities. This paper addresses key EIA product features, the current EIA marketplace, and issues and criticisms surrounding EIAs.

Hurricane Andrew and Insurance: The Enduring Impact of an Historic Storm

Hurricane Andrew struck Florida on August 24, 1992, and the tumult it created for the property insurance market in the state has not ceased in the 20 years since, according to an analysis by the Insurance Information Institute (.I.I.). The I.I.I. white paper outlines  six key insurance market changes attributed to the costliest Florida disaster. Insurance claims payouts for Andrew totaled $15.5 billion at the time ($25 billion in 2011 dollars), and it remains the second costliest U.S. natural disaster, after Hurricane Katrina, which hit in 2005.

 

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Download Hurricane Andrew and Insurance PDF

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Triangle Shirtwaist Factory Fire Centennial

The Triangle Shirt Waist Company Fire occurred on March 25, 1911, and resulted in the death of 146 workers.

Retained Asset Accounts: Fact sheet

Background information

Be Fire Smart: Tips for High-Rise Apartment Dwellers

Fire safety should be as much a part of high-rise apartment living as a panoramic view, elevators or doormen. Some apartments have smoke alarms and others have security systems, but these devices alone do not provide complete fire safety. High-rise apartment tenants should develop and practice a fire escape plan.    

The plan should include a sketch of the apartment showing all windows, doors, stairwells and any other alternate means of escape. The escape routes should be clearly marked in red on the sketch.

The San Francisco earthquake of 1906: An insurance perspective

The earthquake and fire that devastated San Francisco on April 18, 1906 was one of the most significant natural disasters in the United States, as well as in the history of insurance. It produced insured losses of $235 million at the time, equivalent to $6.3 billion in 2018 dollars. In 1906, just as today, shake damage from earthquakes was excluded from standard property insurance policies. Damage from the fire which followed the earthquake was covered and constituted the vast majority of insured losses.

Antitrust Law and Insurance

The McCarran-Ferguson Act: What it Is, What it Isn't and Consequences of Repeal of the Insurance Industry's Limited Antitrust Exemption (1)

Legislation seeking to amend what is a very limited federal antitrust exemption for the insurance industry under the McCarran-Ferguson Act would likely reduce competition in the industry, resulting in less choice and higher costs for insurance buyers. Here's why.

Catastrophe modeling: A vital tool in the risk management box

By Claire Wilkinson, Vice-President - Global Issues

Introduction

Catastrophe modeling is a risk management tool that uses computer technology to help insurers and reinsurers as well as business and government agencies better assess the potential losses caused by natural and man-made catastrophes.

U.S. Solvency Regulation

THE TOPIC

APRIL 2013

Residual Markets

THE TOPIC

MARCH 2015

In a normal competitive market, insurers are free to select from among people applying for insurance those drivers, property owners and commercial operations they wish to insure. They do this by evaluating the risks involved through a process called underwriting.

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