For the U.S. property/casualty (P/C) insurance industry, 2018 was a year of unusual experience. Results were good in comparison with 2017—but 2017 was a horrible year. Premiums, investment income and profits rose, buoyed by a surprisingly strong U.S. economy, but interest rates sagged, and fears of a looming recession grew.
This report focuses on the key economic indicators pertinent to the property/casualty (P/C) insurance industry, and takes a deep dive in the following areas: the HO exposure base; catastrophe claims by season; commercial property premiums; and P/C industry operating ratio. The presentation also includes a special section on vehicle travel prediction.
DEFERRED ANNUITY- An annuity contract, also referred to as an investment annuity, that is purchased either with a single tax-deferred premium or with periodic tax-deferred premiums over time. Payments begin at a predetermined point in time, such as retirement. Money contributed to such an annuity is intended primarily to grow tax-deferred for future use.
TITLE INSURANCE- Insurance that indemnifies the owner of real estate in the event that his or her clear ownership of property is challenged by the discovery of faults in the title.See Full Glossary
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We don’t like to blow our own horn, but we had a great National Hurricane Conference in NOLA. To get in tune with hurricane prep, use our tips at https://bit.ly/2rxWG3D
If you live in a hurricane zone, The Weather Channel's hurricane expert, Dr. Rick Knabb, says there are five things you need to do right now. #NHC2019 #NOLA #Hurricane #WeatherChannel
“You want to think of flood insurance as part of a total package of protection.” The I.I.I.’s Lynne McChristian on flood preparedness, at National Hurricane Conference General Session in New Orleans. #NHC2019 #NOLA #Flood #Hurricane #Insurance
I.I.I. non-resident scholar, Lynne McChristian and James McDaniel, Hurricane Katrina survivor, explain how creating a video home inventory can help families rebound and recover quicker and more completely after a catastrophe. #NHC2019 #NewOrleans #NOLA #Hurricane #Insurance
I.I.I.’s Non-resident Scholar Lynne McChristian addresses in importance of flood insurance during this afternoon’s National Hurricane Conference General Session in New Orleans. #NHC2019 National Hurricane Conference
Singin’ the blues because you aren’t at the National Hurricane Conference in NOLA? Don’t worry, the Insurance Information Institute has you covered. #NHC2019 #NOLA #hurricaneprep
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For immediate release New York Press Office: 212-346-5500; email@example.com NEW YORK, May 16, 2019—With National Safe Boating Week (May 18-24) days away, the Insurance Information Institute (I.I.I.) reminds boat owners to secure the right type and amount of coverage for their recreational vessel.… Read More
For immediate release New York Press Office: (212)-346-5500; firstname.lastname@example.org NEW YORK, May 6, 2019—On this first weekday of National Small Business Week (May 5-11), the Insurance Information Institute (I.I.I.) reminds entrepreneurs about the insurance policies they should consider as part of th… Read More