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.
LOSS RATIO- Percentage of each premium dollar an insurer spends on claims.
MEDICAL PAYMENTS INSURANCE- A coverage in which the insurer agrees to reimburse the insured and others up to a certain limit for medical or funeral expenses as a result of bodily injury or death by accident. Payments are without regard to fault.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; firstname.lastname@example.org 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