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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....
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....
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....
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....
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…...
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....
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....
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....
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…...
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....
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....
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....
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....
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....
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....
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....
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....
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.)....
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....
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....
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....
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....
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....
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....
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....
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....
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....
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....
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....
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....
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)....