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We are the Insurance Information Institute. Since 1960, the "Triple I" has had a single mission: To improve public understanding of insurance—what it does and how it works. We are here to serve everybody: consumers; students and educational institutions; insurance professionals; government and regulatory organizations; and the media. Learn More
A World Without TRIA: Incalculable Risk

The Terrorism Risk Insurance Act (TRIA) expires at the end of 2020 but insurers are already grappling with the possibility of a world without TRIA. While the private market for terrorism insurance has grown, there are doubts whether the industry can write terrorism insurance without a federal backstop.  

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New and Trending

Homeowners + Renters Insurance What is covered by standard homeowners insurance?

Homeowners coverage provides financial protection against loss due to disasters, theft and accidents. Most standard policies include four essential types of coverage: Coverage for the structure of your home; Coverage for your personal belongings; Liability protection; Coverage for Additional Living Expenses.

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Insight + Analysis

Insurance Rating Variables: What They Are and Why They Matter

Rating variables are an indispensable tool for setting the cost of insurance and restricting their use can have unintended consequences, according to a new paper released jointly by the Casualty Actuarial Society (CAS) and the Insurance Information Institute.

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I.I.I. Glossary

AGENCY COMPANIES- Companies that market and sell products via independent agents.

AUTO INSURANCE PREMIUM- The price an insurance company charges for coverage, based on the frequency and cost of potential accidents, theft and other losses. Prices vary from company to company, as with any product or service.

Premiums also vary depending on the amount and type of coverage purchased; the make and model of the car; and the insured’s driving record, years of driving and the number of miles the car is driven per year. Other factors taken into account include the driver’s age and gender, where the car is most likely to be driven and the times of day—rush hour in an urban neighborhood or leisure time driving in rural areas, for example. Some insurance companies may also use credit history related information. (See Insurance score )

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Thought Leadership

I.I.I. News Wire

I.I.I. Issues Its First-Ever Global Macro and Insurance Outlook

For immediate release New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 10, 2019—Nearly every large economy’s gross domestic product (GDP) growth worldwide is expected to be lower in 2019 than in 2018 yet insurers have found ways to remain profitable, according to a new Insura… Read More

Nearly Two Decades After 9/11, I.I.I. Examines Continued Need for U.S. Government’s Terrorism Insurance Role

For immediate release New York Press Office: (212) 346-5500; media@iii.org NEW YORK, September 9, 2019 — Enacted after 9/11, the federal Terrorism Risk Insurance Act (TRIA) has been an essential component of the U.S.’s economy because the law has made terrorism insurance available and affordable, ac… Read More

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Events Calendar

Webinar: Price Optimization and Unfair Rate Discrimination: Emerging Regulatory and Litigation Issues in the Era of “Big Data” 
September
18
2019
Big Nasty Claims Conference
September
19
2019
Location: NYC; Website
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