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The Insurance Information Network of California is a non-profit, non-lobbying organization dedicated to informing consumers and the media about the property/casualty business. With roots dating back a half-century with the Western Insurance Information Service, IINC is the recognized leader in communications for California insurance consumers.
From automotive safety to disaster readiness, the IINC staff encourages Californians to lead safer lives and prepare themselves for risk. By educating consumers about the role that insurance plays in their lives, IINC helps consumers protect themselves and save money by choosing the insurance products that best fit their needs.
California has a $1.6 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the insurance industry, according to a new report.
In 2004, insurers contributed $27.3 billion to California'a gross state product and accounted for 300,000 jobs in the state.
A new survey of insurance companies estimated that nearly 90 percent of claims stemming from the devastating October fire and wind storms have been settled.
A poll by the Insurance Information Network of California of companies representing nearly two-thirds of California's homeowner insurance market found that they have settled 29,954 of their 33,789 residential claims from the October catastrophe.
The fact that there is little or no financial gain in setting a home on fire may explain why investigators are seeing so few cases of suspected arson involving houses threatened with foreclosure.
When a home is destroyed by fire, insurance will cover the replacement cost of the home. However, whether the fire is a result of arson or other means, the lender will be named on the insurance settlement check.
California has a $1.6 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the insurance industry, according to a new report.
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A new survey of insurance companies estimated that nearly 90 percent of claims stemming from the devastating October fire and wind storms have been settled.
The fact that there is little or no financial gain in setting a home on fire may explain why investigators are seeing so few cases of suspected arson involving houses threatened with foreclosure.