Latest Insurance Information Institute Stories

NEW YORK, Jan. 4, 2012 /PRNewswire-USNewswire/ -- The Insurance Information Institute's (I.I.I.) 2012 Insurance Fact Book is now available for sale for $45 from the I.I.I. Store. An industry staple for over 40 years, the Insurance Fact Book features a wealth of information for consumers, researchers and businesses. It includes hundreds of statistical tables and charts related to: The size and composition of the global insurance sector The automobile and homeowners insurance...

NEW YORK, Dec. 30, 2011 /PRNewswire-USNewswire/ -- Insurance companies will pay more than $32 billion in claims to help people rebuild homes and businesses damaged or destroyed by natural disasters in 2011, a record year for federal disaster declarations, according to the Insurance Information Institute (I.I.I.). "Catastrophes striking the United States in the first nine months of 2011 caused $32.6 billion in direct insured losses, nearly double the $18.6 billion in...

NEW YORK, Dec. 6, 2011 /PRNewswire-USNewswire/ -- Understanding how auto and homeowners insurance deductibles work is crucial to getting the most out of your insurance dollars, according to the Insurance Information Institute (I.I.I.). "Deductibles impact the price of an insurance policy. In fact raising your deductible is one of the easiest ways to save money on insurance," said Jeanne M. Salvatore, senior vice president and consumer spokesperson for the I.I.I. "However, the amount...

THE I.I.I. OFFERS TIPS TO AVOID BUYING A "FLOODED CAR" NEW YORK, Sept. 22, 2011 /PRNewswire-USNewswire/ -- The summer of 2011 concluded with Hurricane Irene and Tropical Storm Lee causing widespread flooding up and down the Eastern seaboard, damaging not only homes and businesses but cars as well. Unfortunately, some flood-damaged vehicles--after being sold to salvage operators and dealers--will be cleaned up and then re-sold, with the vehicle's flood-damage history illegally hidden,...

WOODLAND HILLS, Calif., July 15, 2011 /PRNewswire/ -- Insurance New and Market is proud to announce the launch of www.InsuranceNewsAndMarkets.com, an all-in-one news and information based website designed to revolutionize the industry by helping professionals to save both time and money. The website will also serve as a resource center for insurance professionals and public seeking to inform themselves on the latest insurance news and the best insurance products and services. The number of...

PODCAST AVAILABLE FROM THE I.I.I. ON THE THREE MOST IMPORTANT LIGHTNING SAFETY TIPS NEW YORK, June 14, 2011 /PRNewswire-USNewswire/ -- Because lightning is a common occurrence in most people's lives, this destructive force of nature does not get the respect it deserves, according to the Insurance Information Institute (I.I.I.). In fact, every year, lightning strikes the ground 30 million times and injures about a thousand people in the U.S., according to the Lightning Protection Institute...

Organized Scams Defraud Consumers And Insurers Alike, Costing Billions Of Dollars Annually NEW YORK, April 25, 2011 /PRNewswire-USNewswire/ -- If you have been involved in an auto accident that just didn't feel right, it might not have been an accident at all. More and more criminals are devising elaborate staged vehicle accidents--complete with fake injuries--to collect on insurance policies, according to the Insurance Information Institute (I.I.I.). Not only can these staged accidents...

THOSE 65 AND OLDER CAN SAVE MONEY AND MAXIMIZE COVERAGE BENEFITS, SAYS THE I.I.I. NEW YORK, April 6, 2011 /PRNewswire-USNewswire/ -- The first of the baby boomers will turn 65 years old this year. This huge group of Americans who came of age in the 1960s and early 1970s will likely have insurance questions and concerns that differ from those of their parents' generation, according to the Insurance Information Institute (I.I.I.). According to research by the Pew Research Center Populations...

I.I.I. OFFERS TIPS TO INSURE YOUR NEW RIDE; MOTORCYCLE SHOW BEGINS TODAY IN NYC NEW YORK, Jan. 21, 2011 /PRNewswire-USNewswire/ -- The New York International Motorcycle Show, which begins today and continues through Sunday, January 23, at the Javits Center in Manhattan, exhibits the latest vehicle models and accessories but also marks a good time for motorcycle enthusiasts to review their insurance coverage, according to the Insurance Information Institute (I.I.I.). "Motorcycle insurance is...

Family, Career Status Should Be Reflected In Your Policy Coverage NEW YORK, Jan. 20, 2011 /PRNewswire-USNewswire/ -- Major purchases and lifestyle changes such as marriage, divorce or retirement can have a profound effect on your insurance needs, so an annual coverage review is always a good idea, according to the Insurance Information Institute (I.I.I.). "Discussing your current insurance needs with your agent, broker or company representative to make sure your coverage is up-to-date is a...