Uninsured and underinsured motorist coverage reimburses policyholders in an accident involving an uninsured, underinsured or hit-and-run driver. Twenty states and the District of Columbia have mandatory requirements for uninsured or underinsured motorist coverage. More than half of the states have passed laws and begun to develop and implement online auto insurance verification systems to identify uninsured motorists.
The official Atlantic hurricane season runs from June through November, but occasionally storms form outside those months. Seasonal hurricane forecasting from Colorado State University is available here.
NOAA’s National Weather Service Storm Prediction Center Annual Severe Weather Report Summary reported 6,962 hail events in 2023 compared to 4,436 in 2022. Texas, and Nebraska had the largest number of hail events according to NOAA in 2023.
Workers compensation insurance provides for the cost of medical care and rehabilitation for injured workers and lost wages and death benefits for the dependents of persons killed in work-related accidents. Workers compensation systems vary from state to state. Workers compensation combined ratios are expressed in two ways. Calendar year results reflect claim payments and changes in reserves for accidents that happened in that year or earlier. Accident year results only include losses from a particular year.
By their design, motorcycles are far less crash-worthy (i.e., resistant to the effects of collision) than closed vehicles. Motorcyclists and their passengers are more vulnerable to the hazards of weather and road conditions than drivers in closed vehicles. They are also less visible to other drivers and pedestrians and less stable than four-wheel vehicles. Additionally, motorcycle operation requires a different combination of physical and mental skills than those used in driving cars and trucks.
The cost of auto insurance can be affected by the vehicle's cost and crashworthiness (the degree to which it can protect occupants from the effects of an accident) and by the driver's safety habits. Insurers support raising awareness about safe driving practices, such as seatbelt usage and avoiding driving while under the influence of alcohol. These initiatives reinforce public safety and help to reduce costs for policyholders and insurers.
Flood damage is excluded under standard homeowners and renters insurance policies. However, flood coverage is available as a separate policy from the National Flood Insurance Program (NFIP), administered by the Federal Emergency Management Agency (FEMA), and from many private insurers. Industry observers note that many properties that should have flood coverage do not.
Winter storms caused nearly $6 billion in insured losses in 2022, the second-highest year on record for winter storm insured losses in the last ten years, according to Aon. The third costliest winter event since 1950 occurred in December 2022, amounting to $3.5 billion insured losses. Winter storms include snow, ice, freezing and flooding.