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As Summer Travel Season Begins, Offers Road Map to Help Consumers Navigate Car Rental Insurance

Car Shares, Hourly Rentals and Other New Options for Rented Rides NEW YORK, July 7, 2014 — If you’re renting a car this summer, you have more choices than ever. What hasn’t changed is the importance of protecting yourself with the right type and amount of insurance, according to the Insurance Information Institute (I.I.I). Long gone are the days […]

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Don’t Be All Wet This Swim Season: Simple Pool Safety Tips

Everywhere across the country, public and private pool openings are making a splash—which is why there is no better time to consider the insurance and safety implications of owning a pool, according to the Insurance Information Institute (I.I.I.). “You can be sued if someone drowns or is injured in your pool even if they did […]

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Droughts and Heat Waves

On January 20, 2014 Governor Jerry Brown declared a state of emergency in response to the worst drought conditions in California in a century. According to the U.S. Drought Monitor, some parts of the state remain in the extreme drought classification, and coastal areas north of San Francisco as well as the Sierra Nevada are […]

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Hurricane and Windstorm Deductibles

THE TOPIC After Hurricane Andrew in 1992, insurers realized that losses from hurricanes could be much higher than they had previously thought. Hurricane Katrina, in 2005, which cost insurers more than $41 billion at the time, confirmed their fears. After these extraordinary losses, reinsurance companies, insurers that share the cost of claims with primary companies, […]

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Five Insurance Mistakes to Avoid… And Still Save Money

We are all concerned with saving money and it is important to shop around when looking for insurance coverage. However, simply reducing your coverage or dropping important coverage altogether can leave you dangerously under insured in the event of a disaster. Following are the five biggest auto, home, flood and renters insurance mistakes consumers can […]

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Tornadoes and Thunderstorms Caused $10.3 Billion In Insured Losses In 2013

FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 11, 2014 — The Oklahoma tornadoes of May 2013 not only caused significant loss of life but also contributed to its designation last year as the costliest state for natural disaster related insurance payouts, according to the Insurance Information Institute (I.I.I.). “Oklahoma’s […]

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A Firm Foundation: How Insurance Supports the Economy

Welcome to A Firm Foundation: How Insurance Supports the Economy Click on the chapters headings on the left to navigate the online A Firm Foundation, a website that shows the myriad ways in which insurance provides economic support. In the Web Extras section, click View by State to view state specific charts. The online version […]

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Tips for Surviving Severe Cold Weather

Much of the country periodically experiences severe and sustained cold weather, with snowfalls interspersed with periods of melting and freezing. This can inflict considerable damage on homes. Here are some tips and steps you can take to keep your home safe and make insurance losses less likely during extended severe weather. Keep sidewalks and entrances […]

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Make a New Year’s Resolution to Save Money on Your Auto and Homeowners Insurance In 2014

Five Tips to Cut Your Insurance Costs, Without Being Dangerously Underinsured December 31, 2013 FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, December 31, 2013 — Trimming ongoing expenses is a popular New Year’s resolution for many people. While there are smart ways to save on homeowners and auto insurance, making […]

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Arson

Arson DECEMBER 2013 UP FRONT An investigation by Scripps Howard News Service found that arson cases are vastly underreported to the U.S. government. Arsonists set fires that destroyed $1.1 billion worth of property in 2012, up 54 percent from $689 million in 2011. In 2012 there were 26,000 intentionally set structure fires, down 1.9 percent […]

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