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Fighting wildfires with innovation

The 2017 and 2018 wildfire seasons were a catastrophic shock to communities, legislators, and insurance companies. This paper discusses some of the ways in which insurers are educating their customers about wildfire risks, with the goal of creating resilient communities in high-risk areas and fostering the development of new tools and techniques to help build a more wildfire-resilient world.

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Other Insurance Topics The holidays are coming: Understand social host liability

Whether you're hosting a Thanksgiving get-together or greeting the New Year with a few friends, if you're planning to serve alcohol at your home take steps to limit your liquor liability and make sure you have the proper insurance.

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Insight + Analysis

Insurance Industry 2019 - Commentary on first half financial results

The first half of 2019 was by most measures financially successful. Revenue and capital both rose in 2019:1H. Net premiums earned grew by 3.8 percent and policyholders’ surplus rose by 5.4 percent over its level at the end of the first half of 2018, ending at $802.2 billion.

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I.I.I. Glossary

BALANCE SHEET- Provides a snapshot of a company’s financial condition at one point in time. It shows assets, including investments and reinsurance, and liabilities, such as loss reserves to pay claims in the future, as of a certain date. It also states a company’s equity, known as policyholder surplus. Changes in that surplus are one indicator of an insurer’s financial standing.

401(K) PLAN- An employer-sponsored retirement savings plan funded by employee contributions, which may or may not be matched by the employer. Federal laws allow employees to invest pretax dollars, up to a stated maximum each year.

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Thought Leadership

I.I.I. News Wire

I.I.I.: Reducing U.S.’s Wildfire Risks Will Require Concerted Action

For immediate release I.I.I. Press Office: (212) 346-5500; media@iii.org   NEW YORK, November 5, 2019 – Nearly a year after the deadliest and costliest wildfire in U.S. Read More

CBS’s Brennan, Columbia’s Hubbard to Speak at 2020’s Joint Industry Forum

For immediate release New York Press Office, Insurance Information Institute: (212) 346-5500; media@iii.org   NEW YORK, October 30, 2019—Margaret Brennan, moderator of CBS News’ Face the Nation, and Glenn Hubbard, former chairman of the U.S. Read More

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Events Calendar

Consumer Federation of America Financial Services Conference
December
05
2019
Location: Washington, DC; Website
2020 Joint Industry Forum
January
16
2020
Location: New York, NY;  Website
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