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Last updated on April 18, 2014 at 1:21 EDT

Latest Insurance Information Institute Stories

2013-07-17 12:22:50

I.I.I. Insurance Experts Available to Discuss These Issues During July 23 Satellite Media Tour NEW YORK, July 17, 2013 /PRNewswire-USNewswire/ -- With the National Oceanic and Atmospheric Administration (NOAA) forecasting an active Atlantic hurricane season, and the busiest storm period less than a month away coastal residents should take steps now to prepare for extreme weather, according to the Insurance Information Institute (I.I.I.). The I.I.I. suggests the following tips to...

2013-07-15 12:22:36

2011, 2012 Catastrophe Claim Payouts Well Above Annual Average over the Past Decade NEW YORK, July 15, 2013 /PRNewswire-USNewswire/ -- The National Oceanic and Atmospheric Administration (NOAA) believes the 2013 hurricane season will be a busy one. Fortunately, insurers have the resources to cover the damages this year's windstorms may cause to their policyholders, according to the Insurance Information Institute (I.I.I.). Wind damage from both tropical storms and hurricanes is...

2013-06-25 16:22:24

Lightning Safety Awareness Week Is June 23-29 NEW YORK, June 25, 2013 /PRNewswire-USNewswire/ -- While the destruction caused by tornadoes and hurricanes may grab the headlines, intense lightning storms also take their toll throughout the United States. In fact, lightning strikes cost nearly $1 billion in insured losses in 2012, according to the Insurance Information Institute (I.I.I.). An analysis of homeowners insurance data by the I.I.I. and State Farm® found there were 151,000...

2013-06-03 12:21:31

NEW YORK, June 3, 2013 /PRNewswire-USNewswire/ -- The Atlantic hurricane season officially gets underway on June 1 and is expected to bring with it an above average number of hurricanes this year, so it is more important than ever that consumers be prepared, according to the Insurance Information Institute (I.I.I.). The National Oceanic and Atmospheric Administration (NOAA) forecasts an active season with 13 to 20 named storms. Seven to 11 of those storms could develop into Category 1 or...

2013-05-13 08:22:03

Motorcycle Coverage Can Be a Stand-Alone Policy or an Endorsement to an Auto Insurance Policy NEW YORK, May 13, 2013 /PRNewswire-USNewswire/ -- If you are the owner of one of the nation's eight million-plus registered motorcycles, spring may be the time you take it out of storage--it is also a great time for bike owners to review their motorcycle insurance coverage, according to the Insurance Information Institute (I.I.I.). "Auto insurers often offer motorcycle insurance coverage...

2013-04-30 16:20:30

New Study Shows that Teen Auto Deaths Are on the Rise after Several Years of Decline NEW YORK, April 30, 2013 /PRNewswire-USNewswire/ -- Memorial Day through Labor Day is the most dangerous time of the year for teens to be on the road. Statistics from Tire Rack Street Survival, a national nonprofit teen driving education program, show that over the past five years combined, an average of eight teens (aged 16-19) were killed in car accidents every single day during these months--a trend that...

2013-04-22 12:25:11

With Claims Payments of Nearly $19 Billion, Katrina and Andrew Are Only Storms to Rival Sandy as an Insurance Event NEW YORK, April 22, 2013 /PRNewswire-USNewswire/ -- Insurance regulators in New Jersey and New York--the two states hardest-hit by Sandy--report that insurers have settled 93 percent of the claims they received in the wake of superstorm Sandy, according to the Insurance Information Institute (I.I.I.). More than half of the 1.5 million claims for Sandy-related damage to...

2013-03-27 12:26:21

NEW YORK, March 27, 2013 /PRNewswire-USNewswire/ -- If a family member dies and you don't know whether he or she purchased an individual life insurance policy, or secured one through a current or previous employer, there are in fact ways to track the information down, according to the Insurance Information Institute . "Life insurance benefits are sometimes left unclaimed after a policyholder dies," said Dr. Steven Weisbart, senior vice president and chief economist at the I.I.I. "This...

2012-11-02 15:20:56

Start the Claims Filing Process as Soon as Possible After the Storm Has Passed, Says I.I.I. NEW YORK, Nov. 2, 2012 /PRNewswire-USNewswire/ -- Policyholders with questions regarding their coverage for damage caused by Hurricane Sandy should call the phone number provided on their policy or contact their insurance agent. Those policyholders unable to get to their policies can contact special toll-free numbers set up by insurance companies, according to the Insurance Information Institute...

2012-10-27 07:20:06

Sandy Could Be a "Perfect Storm" So Make Sure your Home and Family Are Prepared NEW YORK, Oct. 27, 2012 /PRNewswire-USNewswire/ -- Hurricane Sandy, which has the potential to be one of the worst storms in recent history, may hit the East Coast early next week and the time to get ready is now. There are simple steps you can take to prepare your home and family, and a free disaster preparedness app from the Insurance Information Institute (I.I.I.) can help. The I.I.I.'s "Know Your...