According to the latest data from the Bureau of Labor Statistics, both current and expected near-term general inflation continue to be low by historical standards, but there are pockets of rising inflation. The CPI-U rose by 2.0 percent in October 2017 vs. October 2016, before seasonal adjustment. Core inflation rose 1.8 percent for the 12 months ending October 2017.
All states and the District of Columbia defined impairment as driving with a BAC (blood alcohol concentration) at or above 0.08 percent. In March 2017 the governor of Utah signed a bill, effective December 30, 2018, that lowered the limit defining impaired driving for most drivers to 0.05 percent BAC, the lowest in the nation.
According to the U.S. Labor Department’s Bureau of Labor Statistics, for the 12 months ending September 2017, P/C carrier employment rose by 15,500 (+2.8 percent) to 572,800. Click here for updated multi-decade trend data in chart form.
UMBRELLA POLICY- Coverage for losses above the limit of an underlying policy or policies such as homeowners and auto insurance. While it applies to losses over the dollar amount in the underlying policies, terms of coverage are sometimes broader than those of underlying policies.
DEDUCTIBLE- The amount of loss paid by the policyholder. Either a specified dollar amount, a percentage of the claim amount, or a specified amount of time that must elapse before benefits are paid. The bigger the deductible, the lower the premium charged for the same coverage.See Full Glossary
Best wishes for a peaceful, safe, and happy #Thanksgiving from everyone at the Insurance Information Institute.
Something to think about for Small Business Saturday: Your #business is your dream—and cyber #insurance is continually evolving to protect #entrepreneurs from online fraud and other #cyberthreats. Find out more:
Renting a car this #Thanksgiving weekend? Here's what you need to know about #insurance coverage: https://bit.ly/2jbLUuU
A Small Business Saturday fact: The average cost of a #cybersecurity breach at a US-based #SMB is $35,967. Learn more about #cyberthreats and how to protect your business.
Flying away this #Thanksgiving holiday? Don't take off without checking into travel #insurance to cover unplanned trip disruptions. https://bit.ly/2zU8PWk
Small and midsize businesses are as (or even more) vulnerable to #cyberthreats. Cyber insurance policies typically cover costs arising from either a #cyberattack or a data breach, such as responding to lawsuits, repairing damaged infrastructure, and paying ‘ransom’ demanded by cyber extortionists, among other potential exposures, such as business interruption expenses. Our new white paper, “Protecting Against #Cyberfail: Small Business and Cyber Insurance,” details how insurers are working to create coverage products to serve SMBs against these threats. https://bit.ly/2Al1BHr
Something to think about for #SmallBusinessSaturday: Your #business is your dream—and cyber #insurance is continually evolving to protect #entrepreneurs from online fraud and other #cyberthreats. Find out more!
While cyberattacks and data breaches at Fortune 500 companies tend to dominate the headlines, America’s more than 28 million small businesses and their 56 million employees are increasingly vulnerable. Their exposure is much the same as that of larger companies, experts say, but many may overlook or...
“How can I protect my small/midsize business from #cyberfail?” The latest I.I.I. white paper on #cyberinsurance has the answers. https://bit.ly/2Al1BHr #SMB
Here are 3 key steps you can take to simplify the #insurance claims process for #wildfire damage: https://bit.ly/2ms7tfS
FOR IMMEDIATE RELEASE I.I.I. Press Office: (212) 346-5500; firstname.lastname@example.org NEW YORK, October 30, 2017—More than half of U.S. Read More
FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; email@example.com California Press Office: (707) 490-9365; firstname.lastname@example.org SACRAMENTO, CALIFORNIA, October 17, 2017 — Insurance adjusters, catastrophe personnel and mobile claim centers have been deployed to staging areas in Norther… Read More