This report focuses on the key economic indicators pertinent to the property/casualty (P/C) insurance industry, and takes a deep dive in the following areas: the HO exposure base; catastrophe claims by season; commercial property premiums; and P/C industry operating ratio. The presentation also includes a special section on vehicle travel prediction.
The state’s legal environment has encouraged vendors and their attorneys to solicit unwarranted AOBs from tens of thousands of Floridians, conduct unnecessary or unnecessarily expensive work, then file tens of thousands of lawsuits against insurance companies that deny or dispute the claims. This mini-industry has cost consumers billions of dollars as they are forced to pay higher premiums to cover needless repairs and excessive legal fees. Download the full report here. Download PowerPoint here.
TORT REFORM- Refers to legislation designed to reduce liability costs through limits on various kinds of damages and through modification of liability rules.
MEDICAL PAYMENTS INSURANCE- A coverage in which the insurer agrees to reimburse the insured and others up to a certain limit for medical or funeral expenses as a result of bodily injury or death by accident. Payments are without regard to fault.See Full Glossary
For immediate release New York Press Office: (212) 346-5500; email@example.com New Orleans, La., April 18, 2019—The Insurance Information Institute (I.I.I.) is playing a prominent role at 2019’s National Hurricane Conference, which starts on Monday, April 22, at the Hilton New Orleans R… Read More
For immediate release New York Press Office: (212) 346-5500; firstname.lastname@example.org New York, April 4, 2019—A slightly below-average level of activity is envisioned for the 2019 Atlantic hurricane season, according to a forecast released today by Dr. Read More