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University of Pennsylvania PennApps XX Hackathon Recap
By Brent Carris, Research Assistant, Insurance Information Institute The Wharton Risk Center  and the Insurance Information Institute  co-sponsored the second annual Hack-for-Resilience at PennApps XX, the nation’s oldest and largest student-run college hackathon. Presentations were given by Carolyn Kousky and Brett Lingle of the Wharton Risk Center School; and the I.I.I.’s James Ballot. From September … Continue reading University of Pennsylvania PennApps XX Hackathon Recap

POSTED SEPTEMBER 18, 2019 8:05 PM
A world without TRIA: The formation of a federal terrorism insurance backstop
On September 11, 2001 terrorists hijacked commercial airliners and flew them into the World Trade Center towers and the Pentagon. The attacks remain the deadliest and most expensive terrorist incidents in U.S. history, with insurance losses totaling about $47.0 billion in 2019 dollars, according to I.I.I. estimates. In the wake of the attacks the U.S. … Continue reading A world without TRIA: The formation of a federal terrorism insurance backstop

POSTED SEPTEMBER 18, 2019 12:40 PM
From the I.I.I. Daily: Our most popular content, September 6 to September 12
Here are the 5 most clicked on articles from this week’s I.I.I. Daily newsletter. Producers, stars of ‘Bones’ settle with Twentieth Century Fox, Wall Street Journal How does an autonomous car work? Washington Post A world without TRIA: Incalculable risk, Insurance Information Institute: special report Contaminant found in marijuana vaping products linked to deadly lung … Continue reading From the I.I.I. Daily: Our most popular content, September 6 to September 12

POSTED SEPTEMBER 13, 2019 8:43 PM
Wildfire response: a conversation with a fire chief
California endured the largest and most destructive wildfires in state history in 2017 and 2018. The aftermath has left many wondering whether catastrophic wildfires will be the new normal for California and other fire-prone states, and, if so, what can be done. As the 2019 wildfire season progresses, there is a sense of urgency in … Continue reading Wildfire response: a conversation with a fire chief

POSTED SEPTEMBER 12, 2019 4:15 PM
I.I.I. report contemplates a world without TRIA
Terrorism, by design, is unpredictable, hugely destructive, and to date uninsurable through private market methods alone. Few events demonstrate this better than the 9/11 attacks, in which terrorists hijacked commercial airliners and flew them into the World Trade Center towers and the Pentagon. The attacks remain the deadliest and most expensive terrorist incidents in U.S. … Continue reading I.I.I. report contemplates a world without TRIA

POSTED SEPTEMBER 09, 2019 5:38 PM
Managing your insurance claim after disaster
By Lynne McChristian, I.I.I. Media Spokesperson and Non-resident Scholar  If Hurricane Dorian left its imprint on your home or business, you’ve likely already started the claims process with a call to your insurer. Knowing what happens next will be helpful as the recovery begins. The insurance claims process is indeed a process. There are steps … Continue reading Managing your insurance claim after disaster

POSTED SEPTEMBER 09, 2019 12:08 PM
Employment Trends in the Insurance Industry
By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute On September 6, 2019, the U.S. Bureau of Labor Statistics announced that the U.S. economy had added 130,000 jobs (seasonally-adjusted) in August; and more than one-and-a-quarter million nonfarm jobs (actually 1,266,000) through the first eight months of 2019.[1] Nonfarm employment has risen every month since October … Continue reading Employment Trends in the Insurance Industry

POSTED SEPTEMBER 06, 2019 5:22 PM
Nearly 80 percent of homeowners in coastal Carolinas uninsured for flood
As Hurricane Dorian churns northward off the coast of South Carolina as a Category 2 storm, the National Hurricane Center continues to forecast dangerous storm surge conditions through the Carolinas, up the coast into Virginia, as of 11 a.m. September 5. Using National Flood Insurance Program policy takeup rates as estimated by Aon, the six … Continue reading Nearly 80 percent of homeowners in coastal Carolinas uninsured for flood

POSTED SEPTEMBER 05, 2019 6:54 PM
Hurricane Dorian Update: September 4, 2019
As of early afternoon on September 4 Hurricane Dorian was approximately 100 miles off the east coast of Florida. The National Hurricane Center reported that Hurricane Dorian would likely move slowly up the Florida coast to Georgia and the Carolinas. While the storm’s intensity has declined since it struck the Bahamas as a Category 5 … Continue reading Hurricane Dorian Update: September 4, 2019

POSTED SEPTEMBER 04, 2019 5:19 PM
The evacuation dilemma: stay or go?
As of Saturday evening, Hurricane Dorian is making a big right hand turn, moving the storm’s threat north. So now it seems Georgians and South Carolinians are facing the evacuation dilemma: stay or go? I’ve been there. In 1992, Hurricane Andrew was heading arrow straight for the border between Broward and Miami-Dade counties. We lived … Continue reading The evacuation dilemma: stay or go?

POSTED SEPTEMBER 01, 2019 12:09 AM

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Becker Insurance Services confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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