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Léonard Named VP & Senior Economist At The Insurance Information Institute
December 18, 2018

For immediate release Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office, Insurance Information Institute: (212) 346-5500; media@iii.org   NEW YORK, December 18, 2018—Dr. Michel Léonard, CBE, has been appointed Vice President & Senior Economist at the Insurance Information Institute (I.I.I.), with a portfolio which will include responsibilities for research, communications, and education outreach. Dr....

Assignment Of Benefits Abuse Is Driving Up Insurance Costs In Florida
December 11, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office, Insurance Information Institute: (212) 346-5500; media@iii.org NEW YORK, December 11, 2018—Florida’s assignment of benefits (AOB) crisis continues to spread statewide and has cost consumers billions of dollars in unnecessary litigation and inflated claim costs, according to an Insurance Information Institute (I.I.I.) study released today....

McChrystal, Landrieu to Speak at Insurance Information Institute’s Forum on Jan. 17, 2019
December 10, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com New York Press Office, Insurance Information Institute: (212) 346-5500; media@iii.org   NEW YORK, December 10, 2018—Retired Gen. Stanley McChrystal and former New Orleans Mayor Mitch Landrieu will address the 37th annual Property/Casualty (P/C) Joint Industry Forum on Thursday, Jan. 17, 2019, at the New York Marriott Marquis Hotel in New York City. McChrystal, commander of U.S....

Florence and Michael were 2018 Atlantic hurricane season's most damaging storms
November 29, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212)-536-9837; Kim.Kirchner@coburnww.com New York Press Office: (212) 346-5500; media@iii.org NEW YORK, November 29, 2018 — The 2018 Atlantic hurricane season was less active than the 2017 season but still caused extensive property damage across the southeastern United States, according to the Insurance Information Institute (I.I.I.). The 2018 hurricane season officially concludes tomorrow (Nov....

California’s wildfire evacuees may be eligible for additional living expenses
November 15, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212)-536-9837; Kim.Kirchner@coburnww.com California Press Office: (707) 490-9365; janetr@iii.org New York Press Office: (212) 346-5500; media@iii.org ROHNERT PARK, CA, November 15, 2018 —Californians who were ordered to leave either their homes or rental units by local authorities this month due to the state’s wildfires should consider filing an additional living expenses (ALE) claim, according to the Insurance Information…...

Insurers to Play Key Role in California's Recovery from Deadly Wildfires
November 12, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212)-536-9837; Kim.Kirchner@coburnww.com California Press Office: (707) 490-9365; janetr@iii.org New York Press Office: (212) 346-5500; media@iii.org ROHNERT PARK, CA, Nov....

Stand-alone Cyber Insurance Can Save Unprepared Small Businesses, Survey Finds
October 18, 2018

FOR IMMEDIATE RELEASE Sheena Bermingham, Coburn Communication: (212) 730-7045; sheena.bermingham@coburnww.com    Insurance Information Institute New York Press Office: (212) 346-5500; media@iii.org NEW YORK (October 18, 2018)— Cyber incidents hit one of every 10 U.S. small businesses last year yet only about one third of them had cyber insurance, according to a survey conducted jointly by the Insurance Information Institute (I.I.I.) and J.D. Power....

MEDIA ADVISORY: I.I.I. Experts Are Available to Discuss Hurricane Michael Recovery  
October 11, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com   New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, October 11, 2018 — Reporters covering Hurricane Michael’s aftermath are encouraged to contact the Insurance Information Institute (I.I.I.) for insurance coverage insights....

MEDIA ADVISORY: Insurance Experts Available to Discuss Hurricane Michael
October 09, 2018

FOR IMMEDIATE RELEASE New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org Florida Press Office: Lynne McChristian, 813-480-6446, lynnem@iii.org Georgia Press Office: Bill Davis, 770-331-9279, williamd@iii.org     TALLAHASSEE, FLORIDA, October 9, 2018 –Reporters covering Hurricane Michael are encouraged to contact the Insurance Information Institute (I.I.I.) for insights into how insurers and consumers are preparing for the storm, which appears headed for the Florida Pa…...

Insurance is the Economic Safety Net that Will Rebuild after North Bay Wildfires
October 08, 2018

For immediate release Insurance Information Institute: Janet Ruiz 707-490-9365 janetr@iii.org Property Casualty Insurers Association of America: Nicole Ganley 916-616-5855 nicole.ganley@pciaa.net SACRAMENTO, Calif., Monday, October 8, 2018– On Tuesday it will be one year since the unprecedented North Bay Wildfires erupted, forcing residents to flee their homes in the dark of night to escape the wind-driven flames....

About One-Third of Connected Tech Owners Experienced Identity Theft, yet Only 15 Percent Have Cyber Insurance, Finds Study by J.D. Power and Insurance Information Institute
October 02, 2018

FOR IMMEDIATE RELEASE Sheena Bermingham, Coburn Communication: (212) 730-7045; sheena.bermingham@coburnww.com    Insurance Information Institute New York Press Office: (212) 346-5500; media@iii.org NEW YORK (October 2, 2018) -- More than four out of five American consumers who own connected devices either lack insurance to protect them from cyberthreats or don’t know if they are covered, according to the Insurance Information Institute and J.D....

MEDIA ADVISORY: I.I.I. Experts Are Available to Discuss Hurricane Florence Recovery
September 18, 2018

FOR IMMEDIATE RELEASE   Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com   New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, September 18, 2018 — Reporters covering Hurricane Florence’s aftermath are encouraged to contact the Insurance Information Institute (I.I.I.) for insurance coverage insights....

Hurricane Florence Expected to Cause Widespread Property Damage
September 12, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com   Michael Barry, Insurance Information Institute (917) 923-8245; michaelb@iii.org   Hurricane Florence Expected to Cause Widespread Property Damage Storm already impacting millions in the U.S. southeastern and mid-Atlantic states NEW YORK, September 12, 2018 —Hurricane Florence’s strong winds and heavy rainfall are headed to the U.S....

Hurricane Lane Poses Biggest Threat To Hawaii Since 1992’s Iniki
August 22, 2018

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, August 22, 2018—Hurricane Lane is headed toward Hawaii and the storm’s intense winds and heavy rains have the potential to cause significant property damage statewide later this week, according to the Insurance Information Institute (I.I.I.). Hurricane Lane is drawing comparisons to Hurricane Iniki, which caused $1.6 billion in insured losses when it struck Hawaii in 1992....

MEDIA ADVISORY: I.I.I. Experts Can Provide Information on Flood Insurance Issues Raised by Recent Northeast Flooding in New Jersey, New York, and Pennsylvania
August 15, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212)-536-9837; Kim.Kirchner@coburnww.com New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 15, 2018—Thousands of New Jersey, New York, and Pennsylvania residents and businesses are either recovering from—or dealing with—property damage caused by this month’s severe flooding....

Joint Webinar Hosted by I.I.I. and PCI to Provide Insurance Tips for Wildfire Recovery on August 13th
August 09, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com  SACRAMENTO, Calif. August 9, 2018 —The Insurance Information Institute (I.I.I.) and the Property Casualty Insurers Association of America (PCI) will host a joint webinar, “When the Smoke Clears: Wildfire Recovery and Preparation for Businesses and Consumers,” on Monday, August 13....

2018 Hurricane Season Looks To Be Much Quieter Than 2017, I.I.I. Non-Resident Scholar Says
August 02, 2018

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org FORT COLLINS, Colo., August 2, 2018—Colorado State University (CSU) envisions that the 2018 Atlantic hurricane season will include an additional nine named storms, three hurricanes and one major hurricane (e.g., Category 3 or stronger) between now and November 30. Dr....

In The Wake of California’s Devastating Wildfires, Impacted Homeowners, Renters and Businesses Can Start the Claims Filing Process
August 01, 2018

FOR IMMEDIATE RELEASE California Press Office: (707) 490-9365; janetr@iii.org New York Press Office: (212) 346-5500; media@iii.org   SHASTA COUNTY, CALIFORNIA, August 1, 2018 —The property insurance claims filing process is beginning in communities where California’s multiple wildfires have already been extinguished, but the crisis has not yet passed, according to the Insurance Information Institute (I.I.I.)....

MEDIA ADVISORY: As California Governor Declares State of Emergency, I.I.I. Experts Are Available to Discuss Insurance Implications of Wildfires
June 27, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com   Janet Ruiz, Insurance Information Institute (707) 490-9365   LAKE COUNTY, CA, June 27, 2018 — Reporters covering the northern California wildfires are encouraged to contact the Insurance Information Institute (I.I.I.) for information on insurance coverage and evacuation tips. Governor Jerry Brown declared a state of emergency in Lake County due to the Pawnee Fire on Monday, June 25....

Insurers Provide Stability To Financial Markets And The Overall Economy
June 05, 2018

FOR IMMEDIATE RELEASE  New York Press Office: (212) 346-5500; media@iii.org  Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com   NEW YORK – (June 05, 2018) – While consumers understand insurance as protection against financial loss, the industry’s contribution to the economy goes much further....

Be Calm Before The Storm: Forming Tropical Depression Is A Reminder To Update Insurance Protection Ahead Of Hurricane Season
June 01, 2018

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, May 15, 2018 — The official start of hurricane season has always been June 1. Yet, tropical weather pays little heed to the calendar. Case in point: The first tropical disturbance of 2018 is forming now in the Gulf of Mexico, and according to the National Hurricane Center, has a 10 percent chance of becoming a hurricane....

The Start Of Hurricane Season Is The Right Time To Review Insurance Needs
May 31, 2018

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org New York, May 31, 2018—The arrival of the 2018 Atlantic hurricane season on Friday, June 1, should prompt Americans to look at their insurance policies to determine whether they have the right coverage, according to the Insurance Information Institute (I.I.I.). Wind damage from tropical storms and hurricanes is covered under standard homeowners, renters and business insurance policies....

Register for the Property/Casualty Industry’s 2017 Financial Results Webinar
May 10, 2018

FOR IMMEDIATE RELEASE I.I.I. New York Press Office: (212) 346-5500; media@iii.org  NEW YORK, May 10, 2018 —The Insurance Information Institute (I.I.I.), Verisk Analytics (ISO), and the Property Casualty Insurers Association of America (PCI) will host a joint webinar, “Property/Casualty Industry Results 2017: Perspectives from ISO, PCI and I.I.I.,” on Monday, May 14....

MEDIA ADVISORY: I.I.I. Can Provide Information On Insurance Issues Raised By This Week’s Wildfires In Colorado, Kansas, Oklahoma, And Texas
April 20, 2018

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Kim Kirchner, Coburn Communciation: (212)-536-9837; Kim.Kirchner@coburnww.com   New York, April 20, 2018—Thousands of residents and firefighters in four U.S. states—Colorado, Kansas, Oklahoma, and Texas—are either recovering from or dealing with severe wildfires and the Insurance Information Institute (I.I.I.) can discuss their insurance implications....

Insurance Information Institute Releases 2018 Fact Book
April 11, 2018

FOR IMMEDIATE RELEASE Kim Kirchner, Coburn Communication: (212) 536-9837; Kim.Kirchner@coburnww.com   NEW YORK, April 11, 2018 – Known for offering the latest qualitative figures and developments within the insurance industry, the Insurance Information Institute (I.I.I.) has published its 2018 Insurance Fact Book, the industry’s go-to resource for businesses, journalists, policymakers, researchers, and students....

MEDIA ADVISORY: I.I.I. Non-Resident Scholar Issues Initial 2018 Atlantic Hurricane Season Forecast
April 05, 2018

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org New York, April 5, 2018—Dr. Philip Klotzbach of Colorado State University (CSU), a non-resident scholar for the Insurance Information Institute (I.I.I.), released CSU’s first extended range forecast for the 2018 Atlantic hurricane season today....

Dog Bite Claims Nationwide Increased 2.2 Percent; California, Florida And Pennsylvania Lead Nation In Number of Claims
April 05, 2018

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 5, 2018 — Dog bites and other dog-related injuries accounted for more than one third  of all homeowners liability claim dollars paid out in 2017, costing almost $700 million, according to the Insurance Information Institute (I.I.I.) and State Farm®, the largest writer of homeowners insurance in the United States. An analysis of homeowners insurance data by the I.I.I....

Laura L. Favinger Appointed Chief Administrative Officer At I.I.I.
March 27, 2018

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, March 27, 2018 — Laura L. Favinger has been named Chief Administrative Officer at the Insurance Information Institute (I.I.I.), a newly-created position. Favinger was previously Senior Vice President and Head of Government and Industry Affairs for Zurich North America....

MEDIA ADVISORY: Insurance And Disaster Preparedness Experts Available For Interviews At 2018 National Hurricane Conference
March 26, 2018

For immediate release New York Press Office: (212) 346-5500; media@iii.org   Orlando, Fla., March 26, 2018—The Insurance Information Institute (I.I.I.) is participating in sessions on Wednesday, March 28, and Thursday, March 29, at 2018’s National Hurricane Conference (NHC), where experts on insurance and disaster preparedness will be available for media interviews....

MEDIA ADVISORY: Concerned About Winter Storm Damage To Your Home Or Car? Here’s What’s Covered by Your Insurance
March 02, 2018

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, March 2, 2018— With winter storm and severe wind conditions hitting a large swath of the Northeast, the Insurance Information Institute (I.I.I.) offers the following information on insurance coverage: Auto Policies Vehicle crashes between two or more drivers caused by snowy and slippery roads are covered by liability insurance, which is required by most states....

Property/Casualty Insurance Industry’s Net Income Drops 30.3 Percent in Nine-Months 2017
January 26, 2018

JERSEY CITY, N.J., January 26, 2018 — The private U.S. property/casualty insurance industry saw its net income after taxes drop to $22.4 billion in nine-months 2017 from $32.1 billion in nine-months 2016—a 30.3 percent decline—and its overall profitability as measured by its annualized rate of return on average policyholders’ surplus fall to 4.2 percent from 6.3 percent, according to ISO, a Verisk (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI)....