I.I.I. News
Women’s History Month: Honoring Women in the Insurance Industry
When Barbara Bufkin started in the insurance industry nearly four decades ago, she didn't think about women's roles. She started her career as a commercial underwriter, then a casualty facultative ...
Executives On The Move at Alliant and Insurance Information Institute
Alliant hired a Willis Towers Watson veteran as Senior Vice President. The Insurance Information Institute hired a new Vice President and Senior Economist, who will handle areas including research, ...
10 Ways Insurers Make Significant Economic and Social Impacts: I.I.I.
Insurers, more than just protecting against financial loss, are key ingredients for economic growth and community preservation, the Insurance Information Institute argues in a new white paper. ...
A Surge in Dog Bite Claims Stems Partially From Larger Settlements
Fido's getting more aggressive. Insurance claims for dog bites jumped 18 percent to 18,123 last year in the U.S., according to an industry group. The average attack cost $33,230, a decline from 2015, ...
I.I.I. Viewpoint: Why ProPublica’s Auto Insurance Report Is Inaccurate, Unfair and Irresponsible
It looks like ProPublica failed its first actuarial exam. The renowned investigative journalism website has, along with Consumer Reports magazine, published reports that auto insurers systematically ...
Executives On The Move at AIG, XL Catlin, Chubb and More
The Insurance Information Institute appointed a new head of Communications. A former AIG exec rejoined as chief auditor. XL Catlin added an Environmental Insurance regional leader in San Francisco. ...
Commercial Auto Claims Spike: Blame Safer Vehicles, Distracted Drivers
Earlier this year, Fitch Ratings reported that the commercial auto insurance market suffered its fifth consecutive year of underwriting losses in 2015. The commercial auto combined ratio averaged 106 ...
Not All ‘Optimization’ Is Price Optimization; Allstate’s CGR Proves It
"The purpose of price optimization is to extract as much profit as possible from policyholders, who are often required to purchase insurance policies," according to a February 2015 press release from ...