When protests, riots or civil disorders break out, home, business and car owners are often—and rightly—concerned about damage to their property. But is property damage caused by riot, civil commotion and vandalism covered by standard insurance policies?
Severe convective storms are among the most common, most damaging natural catastrophes in the United States. The result of warm, moist air rising from the earth, they manifest in various ways, depending on atmospheric conditions – from drenching thunderstorms with lightning, to tornadoes, hail, or destructive straight-line winds.
Measuring and forecasting inflation is important in setting premiums and anticipating claims. Historically, recessions tend to drive prices down, but that's not necessarily true for insurance. This presentation by Triple-I Chief Economist Dr. Steven Weisbart looks at insurance prices and the forces that affect them.
LOSS OF USE- A provision in homeowners and renters insurance policies that reimburses policyholders for any extra living expenses due to having to live elsewhere while their home is being restored following a disaster.
EXCESS WORKER COMPENSATION- Excess workers compensation, a coverage geared to employers that self-insure for workers comp, comes into play when claims exceed a designated dollar amount.See Full Glossary
For immediate release New York Press Office: (212) 346-5500; email@example.com NEW YORK, June 1, 2020 – The Insurance Information Institute(Triple-I) will play a prominent role at the virtual 2020 National Hurricane Conference (NHC), which begins today and continues through Friday, June… Read More
For Immediate Release New York Press Office: (917) 923-8245; firstname.lastname@example.org NEW YORK, May 28, 2020—With 2020’s Atlantic hurricane season starting on Monday June 1, the Insurance Information Institute (Triple-I) has issued its updated Hurricane Fact Files for six states: Alabama, Florida, Louisia… Read More