The Memorial Day weekend brings masses of holiday travelers out on the road, and that unfortunately means more accidents. While this should not dissuade you from traveling by car this weekend, here are some driving safety tips to keep in mind.
For the U.S. property/casualty (P/C) insurance industry, 2018 was a year of unusual experience. Results were good in comparison with 2017—but 2017 was a horrible year. Premiums, investment income and profits rose, buoyed by a surprisingly strong U.S. economy, but interest rates sagged, and fears of a looming recession grew.
JOINT UNDERWRITING ASSOCIATION / JUA- Insurers which join together to provide coverage for a particular type of risk or size of exposure, when there are difficulties in obtaining coverage in the regular market, and which share in the profits and losses associated with the program. JUAs may be set up to provide auto and homeowners insurance and various commercial coverages, such as medical malpractice. (See Assigned risk plans, Residual market )
VALUED POLICY- A policy under which the insurer pays a specified amount of money to or on behalf of the insured upon the occurrence of a defined loss. The money amount is not related to the extent of the loss. Life insurance policies are an example.See Full Glossary
For immediate release New York Press Office: 212-346-5500; email@example.com NEW YORK, May 21, 2019— Dr. Michel Léonard, CBE, vice president and senior economist with the Insurance Information Institute (I.I.I.) was today appointed by the Silicon Valley Insurance Accelerator (SVIA) to lead it… Read More
For immediate release New York Press Office: 212-346-5500; firstname.lastname@example.org NEW YORK, May 16, 2019—With National Safe Boating Week (May 18-24) days away, the Insurance Information Institute (I.I.I.) reminds boat owners to secure the right type and amount of coverage for their recreational vessel.… Read More