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FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 29, 2014 — Reporters can contact the Insurance Information Institute (I.I.I.) with questions about aviation coverage in the wake of AirAsia Flight QZ8501 that went missing in bad weather en route from Indonesia to Singapore on Sunday morning, December 28. While this is the third crisis for a Malaysian-based carrier this year, nearly three billion people fly safely annually on mor…...
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 23, 2014 —Marriage, having a child, retirement are just some of the life events that can have a profound effect on insurance needs, so an annual New Year’s coverage review is always a good idea, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 23, 2014 –The upcoming anniversary of the January 12, 2010, Haitian earthquake offers a grim reminder of the devastation a temblor can cause, according to the Insurance Information Institute (I.I.I.). The death toll in Haiti nearly five years ago was 222,570 people, making it the deadliest natural disaster worldwide since 1980, according to Munich Re....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 17, 2014 — In the event of a major terrorist attack on the United States after January 1, 2015, impacted businesses may be left without insurance coverage for the damage caused to property and employees, according to the Insurance Information Institute (I.I.I.) “A major terrorist attack occurring without a federal Terrorism Risk Insurance Act (TRIA) law on the books will be far more d…...
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 11, 2014 — Reporters with questions regarding the Terrorism Risk Insurance Program and its extension, can contact the Insurance Information Institute (I.I.I.). Dr. Robert Hartwig, CPCU, an economist and president of the I.I.I., is available for interviews. Dr....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 10, 2014 — With a wintry mix of rain, snow, sleet and high winds affecting much of the East Coast, reporters with questions about insurance coverage can contact the Insurance Information Institute (I.I.I.). The I.I.I....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org [[{"fid":"17775","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":"Gordon Stewart with President Jimmy Carter","field_file_image_title_text[und][0][value]":"","field_folder[und]":"2643","field_tags[und]":""},"type":"media","attributes":{"alt":"Gordon Stewart with President Jimmy Carter","class":"media-element file-default"}}]] NEW YORK, December 1, 2014 — Gordon Cu…...
FOR IMMEDIATE RELEASE New York Press Office: media@iii.org NEW YORK, November 25, 2014 — The following I.I.I. staff will be available via cell phone and email this week and over the holiday weekend to answer questions and provide interviews: Dr. Robert Hartwig, CPCU President of the I.I.I....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, November 24, 2014 — If you’re renting a car this holiday season, you have more choices than ever before. What hasn’t changed is the importance of protecting yourself with the right type and amount of insurance, according to the Insurance Information Institute (I.I.I). Long gone are the days of simply renting a car by the day or week from the closest established rental car company....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, November 24, 2014 — With an arctic cold surge and heavy snow accumulations in large parts of the United States last week, potential hazards exist for homeowners and drivers alike, according to the Insurance Information Institute (I.I.I.). A repeat of this past winter’s deep freeze is possible....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, November 20, 2014 — To help educate and empower consumers, the Insurance Information Institute (I.I.I.) announces the launch of a new educational email program: Check20. Check20 is a call to consumers, encouraging them to spend some time on a regular basis— just 20 minutes—getting to know what’s in their home, auto, and life insurance policies....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, November 20, 2014 — While there are many smart ways to save money on insurance, there are also mistakes that can result in being dangerously underinsured, according to the Insurance Information Institute (I.I.I.) “Asking about available discounts and comparison shopping is an excellent way to cut insurance costs,” says Jeanne M....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, November 19, 2014 — An Arctic surge has resulted in bitterly cold temperatures and heavy snow in many areas of the United States, resulting in car crashes and damage to property, according to the Insurance Information Institute (I.I.I.). Winter storms are the third-largest cause of U.S. catastrophe losses, behind only hurricanes and tornadoes....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, November 6, 2014 — Knowing what to do if you are involved in an auto accident can save lives, reduce injuries and make the claims process simpler and easier, says the Insurance Information Institute (I.I.I.). There are nearly 10 million auto accidents each year, according to the National Highway Traffic Safety Administration (NHTSA)—running the gamut from fender benders to fatal accidents....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 30, 2014 — Damage caused to property by lava flow, which recently started to move again on Hawaii’s Big Island, is covered under a homeowners, renters or business insurance policy, according to the Insurance Information Institute (I.I.I.). Besides lava flow, most standard homeowners, renters and business insurance policies provide coverage for property loss caused by volcanic eruption when i…...
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 29, 2014 — Halloween can be scary but having the right insurance coverage can take some of the fright out of the night, according to the Insurance Information Institute (I.I.I.). “If you’re worried about Halloween partyers who may cause damage to your home, there’s probably little to fear,” said Michael Barry, vice president, Media Relations, I.I.I....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 22 2014 —Reporters doing stories on the second anniversary of Superstorm Sandy can contact the Insurance Information Institute for statistics and analysis. Sandy, which made landfall on October 29, 2012 as a post-tropical cyclone near Atlantic City, New Jersey, caused an estimated $18.75 billion in insured property losses ($19 billion in 2013 dollars), making it the third most costly U.S....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 21, 2014— Reporters looking for experts on insurance and teen drivers are encouraged to contact the Insurance Information Institute (I.I.I.) Auto crashes are the leading cause of death for U.S. youths between the ages of 15 to 20, according to the National Center for Health Statistics....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 20, 2014 — Reporters looking for experts to discuss the state of cyber risk and insurance can contact the Insurance Information Institute (I.I.I.). There have been 606 data breaches, exposing more than 77 million records, thus far in 2014, according to the Identity Theft Resource Center’s breach database....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 17, 2014 — The Pacific and Atlantic oceans are the site this week of separate weather events that highlight the inherent risks of living on an island, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Elianne E. González, Florida: (954) 684-4410 NEW YORK, October 15, 2014 — Reporters working on Spanish-language insurance stories can contact the Insurance Information Institute (I.I.I.), which offers information for consumers and the media in Spanish in the En Español section of its website....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 13, 2014 — Reporters with questions about the potential U.S. insurance industry ramifications of the Ebola virus can contact the Insurance Information Institute (I.I.I.) The I.I.I. released today a document offering Facts and Perspectives on the Ebola Pandemic....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 14, 2014 — Identity theft is happening everywhere. Data from retail stores, hotels, banks and other businesses are being stolen and misused—and data theft scams are likely to increase as the holiday season approaches, according to the Insurance Information Institute....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 9, 2014 — Financial security and access to resources can make all the difference to domestic violence victims when deciding to leave an abusive relationship. And insurance is an important component of financial planning that can help survivors move forward, according to the Insurance Information Institute (I.I.I.)....
Giuseppe Barone for ISO (201) 507-9500 Jeffrey Brewer for PCI (847) 553-3763 Loretta Worters for I.I.I. (212) 346-5500 JERSEY CITY, N.J., October 6, 2014 — Private U.S. property/casualty insurers’ net income after taxes rose $1.6 billion to $26.0 billion in first-half 2014 from $24.4 billion in first-half 2013....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 6, 2014 — With a relatively mild autumn in many parts of the country, now is a good time to take steps to winter-proof your home and make sure that you have the right type and amount of insurance, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, October 1, 2014 – The Insurance Industry Charitable Foundation (IICF) has named Dr. Robert P. Hartwig, CPCU, economist and president of the Insurance Information Institute (I.I.I.), to its National Board of Governors. “The I.I.I. has been a longtime supporter of the IICF, and we are thrilled to have Dr....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 29, 2014 — The Consumer Federation of America (CFA) misleadingly focuses on price quotes, rather than policyholder expenditures, when assessing U.S. auto insurance coverage affordability. The CFA is also under the mistaken impression that what a policyholder would like to pay for coverage is relevant to pricing an insurance policy in an actuarially sound manner....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 23, 2014 — The year-end expiration of the federal Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), and the uncertain future of the law, is creating problems in the U.S. terrorism insurance market, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NATIONAL HARBOR, MARYLAND, September 22, 2014 —Dr. Steven Weisbart, the Insurance Information Institute’s (I.I.I.) senior vice president and chief economist, will receive an Honorary Merit Award at the National Association of Mutual Insurance Companies’ (NAMIC) annual convention today. “Dr....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 22, 2014 — The number of renters has grown dramatically in some of the most populous—and disaster-prone—U.S. cities, yet few renters actually purchase insurance, according to the Insurance Information Institute (I.I.I.) Indeed, only 37 percent of renters have renters insurance whereas 95 percent of homeowners have a homeowners insurance policy, according to a 2014 I.I.I....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 17, 2014 —The Insurance Information Institute (I.I.I.) has just released its white paper on Residual Market Property Plans: From Markets of Last Resort to Markets of First Choice, updated for 2014. Co-authored by Dr....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 9, 2014 — The year-end expiration of the federal Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), and its uncertain future, is creating capacity and pricing issues for terrorism insurance buyers, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 2, 2014 — The Insurance Information Institute’s (I.I.I.) 2015 edition of its online International Insurance Fact Book is now available. Now in its 12th year, the International Insurance Fact Book is a resource that provides facts and statistics on the property/casualty and life/health insurance industries in dozens of countries....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 26, 2014 — If the San Francisco area earthquake damaged or interrupted your business, commercial policyholders can use an insurance adjuster’s visit as the starting point for resuming normal operations, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org New York, NY, August 25, 2014—While eight of the 10 costliest earthquakes in U.S. history have occurred in California, it is too soon to determine whether yesterday’s 6.0 magnitude temblor was one for the record books, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 24, 2014 — Reporters covering the insurance implications of the earthquake that shook the San Francisco Bay Area today are encouraged to contact the Insurance Information Institute (I.I.I.). The I.I.I. can provide information on earthquake insurance coverage as well as facts and statistics....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 21, 2014 — Having good credit can help you in a surprising number of ways. A good credit history can result in getting that dream job, lower interest rates on car loans and mortgages, and better rates on your insurance, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, August 18, 2014 — In some areas of the country, a combination of increasing urban development in seismically active areas and large numbers of older buildings that do not adhere to current building codes suggests the potential cost of an earthquake is likely to rise, according to the Insurance Information Institute (I.I.I.). Updated maps from the U.S....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Hawaiians Buy a Separate Hurricane Policy to Supplement their Home Insurance Policy NEW YORK, August 8, 2014 —Tropical Storm Iselle and Hurricane Julio are bringing heavy rains and strong winds to Hawaii through Sunday, highlighting the need for having the right coverage, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org The I.I.I. Makes Available Broadcast Quality Interviews, Sound Bites and B-Roll NEW YORK, July 28, 2014 — Before peak hurricane season take the time to review your homeowners or renters insurance policy and make sure you have the right amount and type of coverage, recommends the Insurance Information Institute....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, NY, July 17, 2014 — Reporters are invited to contact the Insurance Information Institute (I.I.I.) with questions about aviation coverage in the wake of today’s crash of Malaysian Airlines’ Flight 17 in the Ukraine....
INSURANCE INFORMATION INSTITUTE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, July 16, 2014 — Spanish-speaking consumers with questions about disaster preparedness, as well as auto, home, renters, flood and business insurance can call a special phone line, hosted by WXTV Univision 41, the evening of Wednesday, July 16th from 5:30 p.m. to 6:30 p.m....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, July 14, 2014 — Reporters covering the issue of cyber risk are encouraged to contact the Insurance Information Institute (I.I.I.) and read the institute’s new white paper: Cyber Risks: The Growing Threat. The 27-page report was co-written by Dr. Robert Hartwig, president of the I.I.I. and an economist, and Claire Wilkinson, author of the I.I.I.’s award-winning Terms+Conditions blog....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, July 7, 2014 — If you’re renting a car this summer, you have more choices than ever. What hasn’t changed is the importance of protecting yourself with the right type and amount of insurance, according to the Insurance Information Institute (I.I.I). Long gone are the days of simply renting a car by the day or week from the closest established rental car company....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, NY, July 3, 2014 — Reporters covering Hurricane Arthur can contact the Insurance Information Institute (I.I.I.) with questions about how auto, home, and business insurance policies cover storm-caused damages. Arthur today became 2014’s first Atlantic basin hurricane, according to the National Weather Service, and is expected to move near North Carolina’s Outer Banks tonight....
Contacts: Giuseppe Barone, ISO (201) 507-9500 Jeffrey Brewer, PCI (847) 553-3763 Loretta Worters, I.I.I. (212) 346-5500 JERSEY CITY, N.J., July 3, 2014 — Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus falling to 8.4 percent from 9.6 percent....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, NY, June 30, 2014 — California reporters are invited to contact the Insurance Information Institute (I.I.I.) for questions and insights about disasters and insurance, as well as auto, home and business coverage. Ms. Jeanne Salvatore, senior vice president, Public Affairs, and chief communications officer, I.I.I., is the primary point of contact for California media inquiries....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, July 1, 2014 — Everywhere across the country, public and private pool openings are making a splash—which is why there is no better time to consider the insurance and safety implications of owning a pool, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org New York, NY, June 23, 2014—Reporters are invited to join the Insurance Information Institute (I.I.I.) and the Lightning Protection Institute (LPI) in College Park, Maryland, on Tuesday, June 24, for a Lightning Safety Awareness Week (June 22-28) workshop....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, June 19, 2014 — Insured losses to homes from lightning strikes in the United States fell to their lowest level in a decade last year, as severe thunderstorm activity eased from near-record levels and dry weather prevailed throughout much of the western half of the country....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, May 22, 2014 — Forecasters from Colorado State University (CSU) predict a mild 2014 Atlantic hurricane season, but those who live in hurricane prone areas of the country should not assume they will not be hit by a storm, say the Insurance Information Institute (I.I.I.) and the Institute for Business & Home Safety (IBHS). “Predictions of a mild hurricane season can easily lull people into th…...
FOR IMMEDIATE RELEASE I.I.I. New York Press Office: (212) 346-5500; media@iii.org IBHS Press Office Contact: Tiffany O’Shea, Director, Public Affairs: 813-675-1047; toshea@IBHS.org NEW YORK, May 30, 2014 —Disasters—fire, hurricanes, winter storms and earthquakes—are a fact of life for most Americans....
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.orgNEW YORK, May 22, 2014 — Reporters covering the National Oceanic and Atmospheric Administration’s (NOAA) news conference today on the 2014 Atlantic hurricane season can contact the Insurance Information Institute (I.I.I.) for insights on severe weather events and insurance. Dr....
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.org Florida Press Office: (813) 480-6446; lynnem@iii.org Florida Insurance Council: (850) 459-3012; smiller@flains.orgTAMPA, Florida, May 22, 2014 — Waiting until a hurricane is hurtling toward your town is no time to have to make decisions about how to protect yourself and your family or where you’ll go if you must evacuate....
FOR IMMEDIATE RELEASEI.I.I....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, May 14, 2014 — Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2013, costing more than $483 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....
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.org Tampa Press Office: (813) 480-6446; www.insuringflorida.orgORLANDO, Florida, May 14, 2014 — Immediately after a natural disaster, insurance companies and their claims adjusters arrive on the scene with checkbooks in hand to start the recovery process for policyholders. Unfortunately, the availability of that money often attracts unscrupulous types looking to profit from the misfortune of storm victims....
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.orgNEW YORK, May 12, 2014 — May 20, 2014, marks the one-year anniversary of the deadly tornado outbreak in Moore, Oklahoma, which contributed to the state’s designation as the site of the costliest U.S....
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.orgNEW YORK, May 8, 2014 — Flowers wither and chocolate disappears in a flash, but a well thought out disaster plan is a gift that provides peace of mind all year long, according to the Insurance Information Institute (I.I.I.) “Nothing says ‘I love you’ more than helping your mom be prepared in case of a disaster,” said Jeanne M....
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.org NEW YORK, May 6, 2014 — Advance planning is key to surviving a catastrophe and that includes planning for our animal companions....
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.orgNEW YORK, April 28, 2014 — Insurers are rushing today to the seven states hit yesterday by a total of 30 tornadoes, some of which caused fatalities, according to the Insurance Information Institute (I.I.I.). Standard homeowners and business insurance policies cover wind damage to the structure of insured buildings and their contents, if caused by hurricanes, tornadoes or thunderstorms. FEMA’s Monday, A…...
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.orgNEW YORK, April 22, 2014 — Entrepreneurs and business owners everywhere have questions about business insurance—and to answer queries about everything from business interruption to product liability and beyond, the Insurance Information Institute (I.I.I.) has released (Not So Risky) Business, the third installment of the popular I’s on Insurance series created to make insurance coverage simple to understan…...
ISO/PCI/INSURANCE INFORMATION INSTITUTEGiuseppe Barone for ISO(201) 507-9500Jeffrey Brewer for PCI(847) 553-3763Loretta Worters, I.I.I.(212) 346-5500JERSEY CITY, N.J., April 21, 2014 — Private U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 percent....
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 17, 2014 — Reporters revisiting the aftermath of the 2010 Deepwater Horizon disaster, which occurred four years ago Sunday, April 20, can consult the Insurance Information Institute (I.I.I.). The I.I.I....
FOR IMMEDIATE RELEASENew York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 14, 2014 — Even the most careful drivers occasionally get into accidents—that’s why auto insurance was created. But, your car can be damaged even if you’re not in a crash—which is why there’s comprehensive auto insurance....
FOR IMMEDIATE RELEASE Florida Press Office: (813) 480-6446, lynnem@iii.org New York Press Office: (212) 346-5500, media@iii.org ORLANDO, Florida, April 14, 2014 — With changes to the National Flood Insurance Program top of mind in hurricane-prone states, the Insurance Information Institute (I.I.I.) has made flood insurance a prominent topic for discussion at this week’s National Hurricane Conference....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org Tampa Press Office: (813) 480-6446; www.insuringflorida.org ORLANDO, Florida, April 14, 2014 — With the start of the Atlantic hurricane season barely two weeks away, the Insurance Information Institute (I.I.I.) will have three of its insurance experts in Orlando at the National Hurricane Conference available to answer questions and provide media interviews. The I.I.I....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 10, 2014 — The one-year anniversary of the Boston Marathon bombings, to be marked on Tuesday, April 15, 2014, offers a grim reminder of the continuing threat posed by terrorists, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org ALBANY, NEW YORK, April 10, 2014 — Reporters covering today’s state Assembly Insurance committee meeting on the state of New York’s auto insurance market can contact the Insurance Information Institute (I.I.I.), or consult its online resources for information....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 2, 2014 — The 8.2-magnitude earthquake that struck off the coast of northern Chile on Tuesday, April 1, and resulted in tsunami advisories as far away as Hawaii, highlights the vulnerability of the United States’ to temblors and quake-caused tsunamis, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 31, 2014 — Reporters covering the recent spate of earthquakes that have struck California can contact the Insurance Information Institute (I.I.I.) to discuss the insurance implications of the events with our experts. The Friday, March 29 magnitude 5.1 temblor, centered in La Habra, east of downtown Los Angeles, was the third earthquake to strike the state this month....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 27, 2014 — Just when you stopped worrying that another Polar Vortex would bring more severe cold, snow and ice, rising spring temperatures pose another risk: water damage—caused by ice dams, ice jams and flooding, according to Insurance Information Institute (I.I.I.) Water can be extraordinarily destructive....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 25, 2014 — The Triangle Shirtwaist Fire—a blaze fed by bundles of tissue paper and textile scraps, and that consumed the lives of 146 workers—roared through three floors of a high-rise building in New York City on this date in 1911....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 24, 2014 — The Insurance Information Institute (I.I.I.) released today its updated white paper on the effect of Terrorism Risk Insurance Act (TRIA) in stabilizing the pricing and availability of terrorism insurance coverage since its enactment in November of 2002....
FOR IMMEDIATE RELEASE Contact: Kim Loehr, Press Office, 804-314-8955, kiml@lightning.org PALM BEACH, FL, March 12, 2014 — Home and business owners smart enough to own a lightning protection system have always had the option of having it independently inspected after it was installed. Today, an independent inspection requirement for lightning protection systems is part of many new construction specifications....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 12, 2014 — Damage to insured properties caused by the explosion in East Harlem, New York, earlier today are likely to be covered by standard property insurance policies, according to the Insurance Information Institute(I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 5, 2014 — Natural disasters are striking with increasing frequency and ferocity. Ten of the 12 costliest hurricanes in U.S. history have occurred in the past decade alone, including Hurricanes Sandy (2012) and Katrina (2005). And this winter is shaping up to be one of the five costliest on record....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 4, 2014 — The above average snowfall this year is likely to create optimal conditions for widespread flooding this spring that could wreak havoc on businesses. Without flood insurance, many businesses may soon find themselves under water, according to the Insurance Information Institute (I.I.I.). Cash flow is the lifeblood of all businesses....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 26, 2014 — The severe winter of 2014 has left in its wake roadways that look like the surface of the moon, and has consumers wondering: “Is my car covered for pothole damage?” In response to questions about insurance coverage for car damage and accidents caused by potholes, the I.I.I....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 24, 2014 — Near-record snowfall and prolonged extreme cold throughout many parts of the United States, have resulted in insured losses from winter storms of more than $1.5 billion thus far, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org SINGER ISLAND, Florida, February 24, 2014 – Leading lightning protection experts, engineers and safety directors will assemble at the Palm Beach Marriott Singer Island Beach Resort & Spa on Singer Island, Florida, this week, Wednesday, February 26 through Saturday, March 1, to discuss the latest developments in lightning protection technologies, practices and public awareness initiatives....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org TALLAHASSEE, FLORIDA, February 19, 2014 — Ms. Lynne McChristian, the Insurance Information Institute’s (I.I.I.) Florida representative, is appearing Wednesday, February 19, before a state legislative subcommittee. Her presentation is available here: The State of the Florida Property Insurance Market: Past, Present, and Future. Ms....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 12, 2014 —The National Weather Service (NWS) is reporting a major winter storm will intensify tonight as it leaves the Southeast and moves up the Eastern Seaboard. Reporters with questions about insurance coverage can contact the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 11, 2014 — The Oklahoma tornadoes of May 2013 not only caused significant loss of life but also contributed to its designation last year as the costliest state for natural disaster related insurance payouts, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 10, 2014 — Polar Vortexes and historic snowfalls as far south as Houston, TX have resulted in cancelled flights, frayed nerves and delayed vacations. But with severe winter weather also comes consumers’ renewed interest in travel insurance, according to the Insurance Information Institute (I.I.I.). “Consumers are confused by travel insurance,” says Jeanne M....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 6, 2014 — Reporters interested in interviewing Dr. Robert Hartwig, president of the Insurance Information Institute (I.I.I.) and an economist, about the insurance repercussions of tornadoes can do in advance of his presentation early next week at the National Tornado Summit. Dr....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 6, 2014—Reporters interested in interviewing Dr. Robert Hartwig, president of the Insurance Information Institute (I.I.I.) and an economist, about the insurance repercussions of tornadoes can do in advance of his presentation early next week at the National Tornado Summit. Dr....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 3, 2014 — So, your honey popped the big question on Valentine’s Day. You couldn’t be more thrilled and the ring is to die for! But, what if it’s lost or stolen? While there is no way to insure the sentimental value of such a gift, having the right insurance coverage will provide financial protection, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 29, 2014 — Defense may win championships but a Super Bowl party host’s game plan must include designated drivers, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 23, 2014 — When it comes to filing an insurance claim, knowledge is power, says the Insurance Information Institute (I.I.I.) “The best time to learn about the claims process is before you have a loss,” noted Jeanne M. Salvatore, the I.I.I.’s chief communications officer and author of The Fine Print Blog....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 22, 2014 — Homeowners and renters looking to make extra money by renting out their homes to visitors in town to watch the Broncos play the Seahawks in Super Bowl XLVIII are urged to first contact their insurer, according to the Insurance Information Institute (I.I.I.)....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 17, 2014 — In 2013 United States property/casualty (P/C) insurers achieved their strongest financial performance since the 2007–2009 recession, according to a panel of insurance industry experts who convened this week at the Property/Casualty Insurance Joint Industry Forum. One of the primary reasons for this development, the panelists agreed, was that 2013 was the sixth-l…...
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 21, 2014 — The Insurance Information Institute’s (I.I.I.) 2014 Insurance Fact Book is now available for sale in the I.I.I. Store. An industry staple for over 50 years, the Insurance Fact Book features a wealth of information for reporters, businesses, regulators, legislators, researchers and consumers....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 16, 2014 — January 17 marks the 20th anniversary of the Northridge, California, earthquake....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 16, 2014 — Property/casualty insurers will be hard-pressed to repeat the industry’s stellar 2013 performance, a panel of industry chief executives agreed at the 18th annual Property/Casualty Insurance Joint Industry Forum, held here on January 14....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 14, 2014 – Leaders of the property/casualty insurance industry believe Congress will delay implementation of the Biggert-Waters (BW) 2012 NFIP reforms, according to a survey conducted by the Insurance Information Institute (I.I.I.) at its 18th annual Property/Casualty Insurance Joint Industry Forum, held here....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 13, 2014 — A recent poll by the Insurance Information Institute (I.I.I.) found that only one out of 10 American homeowners (10 percent) have earthquake insurance, compared with 13 percent in 2012. In western states, 22 percent of homeowners said they have earthquake insurance, down from 27 percent....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 7, 2014 — Dangerously low temperatures, such as those enveloping the central, eastern and even southern United States, bring with them potential hazards for homeowners and drivers alike, according to the Insurance Information Institute (I.I.I.). “Severe winter weather is the third-largest cause of insured catastrophe losses, after hurricanes and tornadoes,” said Dr....
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, January 2, 2014 —The National Weather Service (NWS) is reporting that a complex storm system will bring wintry weather to much of the Northeast today and tomorrow (January 3). A combination of heavy snow, strong winds, and frigid temperatures are forecast for the region. Reporters with questions about insurance coverage can contact the Insurance Information Institute (I.I.I.)....