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Background on: Buying Insurance
April 6, 2023

... with ÌìÃÀ´«Ã½ companies they work with, may also handle claims and even help in the placement of reinsurance contracts—reinsurance is ... of its members, who contributed directly to a fund that paid claims. However, the Friendly Society’s existence was short-lived. It was ...


Understanding your insurance deductibles
March 3, 2025

... you have an insured loss worth $10,000, you would receive a claims check for $9,500. Percentage deductibles generally only apply to ... special deductibles may apply for homeowners insurance claims when the cause of damage is attributable to a hurricane. Whether a ...


Facts + Statistics: Homeowners and renters insurance
February 7, 2025

... theft, accounted for 97.8 percent of homeowners insurance claims in 2022 (latest data available). Changes in the percentage of each type ... are two ways of looking at losses: by the average number of claims filed per 100 policies (frequency) and by the average amount paid for ...


Nine ways to lower your auto insurance costs
January 2, 2025

... that people who effectively manage their credit have fewer claims. To protect your credit standing, pay your bills on time, don’t obtain ...


Facts + Statistics: Lightning
April 17, 2025

... The number of lightning-caused U.S. homeowners insurance claims increased in 2023 over 2022, but is still less than the average annual number of claims between 2017-2022. In 2023, U.S. lightning–caused claims increased ...


Mitigating risks for climate-related disasters
November 27, 2023

... In 2023, lightning strikes resulted in more than 70,000 claims to homeowner policies and over $1 billion in insured claim payouts. In ...


Triple-I/State Farm: US Dog-Related Injury Claim Payouts Hit $1.57 Billion in 2024
April 16, 2025

... insurers paid out $1.57 billion in dog-related injury claims in 2024, according to the Insurance Information Institute (Triple-I) ... that in 2024, the number of dog bite and related injury claims was 22,658, an increase of nearly 19% from 2023 and a 48% increase over ...


Spotlight on: Dog bite liability
April 15, 2025

... a muzzle, chain or cage. Homeowners insurance liability claims Liability claims related to dog bites and other dog-related injuries cost homeowners ...


What are Fair Plans and how might they provide insurance coverage?
April 14, 2025

... as California and Florida, where natural disasters and high claims are more frequent. Some state FAIR Plans may offer only limited ... or theft property owner's history of multiple insurance claims 4. The standard FAIR Plan policy for residential property usually ...


Triple-I: Colorado State’s 2025 Atlantic Hurricane Forecast Calls for ‘Above Average’ Season
April 3, 2025

... an Effective Evacuation Plan Settling Insurance Claims After a Disaster Spotlight on Flood Insurance Facts ...