This forward-looking report provides an overview of the P/C industry at the end of the first quarter in context to the overall economy, with a focus on personal and commercial lines financial trends. Real GDP growth has shown unexpected strength in recent calendar quarters.
Before you consider renting out your home, first contact your insurance professional so you fully understand the financial risks and can take the proper precautions. Here's some general information to jumpstart your insurance conversation.
Headline inflation rose by 2.9 percent in June 2018 vs. June 2017, which is the largest 12-month increase since the period ending February 2012. The core CPI—the overall index minus the effects of price changes for food and energy—rose 2.3 percent for the 12 months ending June 2018—the largest increase since the period ending January 2017.
VOLATILITY- A measure of the degree of fluctuation in a stock’s price. Volatility is exemplified by large, frequent price swings up and down.
EXTENDED REPLACEMENT COST COVERAGE- Pays a certain amount above the policy limit to replace a damaged home, generally 120 percent or 125 percent. Similar to a guaranteed replacement cost policy, which has no percentage limits. Most homeowner policy limits track inflation in building costs. Guaranteed and extended replacement cost policies are designed to protect the policyholder after a major disaster when the high demand for building contractors and materials can push up the normal cost of reconstruction. (See Guaranteed replacement cost coverage )See Full Glossary
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 I… Read More
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; email@example.com 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… Read More