|
|
|
Featured Video:
Preventing Underinsurance
(Quicktime or WMP)
Follow IINC on:
  
|
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.
Insurers Boost State Economy By $30.1 Billion
|
|
 California has a $1.85 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report.
In 2007, insurers contributed $30.1 billion to California’s gross state product, accounting for about 2 percent of the state’s GDP.
|
Underinsurance Q & A
Published 11/13/2009
| Home
|
|
 What is underinsurance? Underinsurance describes when an insurance policy has a stated limit that does not adequately cover the replacement cost of the insured item. This could include a home, auto, jewelry or artwork. The process of adequately insuring property is also known as “insuring to value.”
In this article, IINC addresses underinsurance and how to prevent it.
|
20 Years After Loma Prieta, How Prepared Are We?
|
|
 It has been 20 years since the catastrophic 6.9 magnitude Loma Prieta earthquake. If a similar earthquake happened today, the financial impact could further devastate an already weakened California economy.
According to a study by Risk Management Solutions, a 6.7 magnitude earthquake on the Hayward fault could result in $112-to-$122 billion in economic losses, of which only $11-to-$13 billion would be insured.
|
Heavy Rains Cause Surge In Auto Accidents
|
|
 As wet weather covers the state, slick and flooded roads threaten to wreak havoc for drivers.
Motorists having to drive in wet weather should slow down, allow more space between cars while driving, turn on their headlights and not try to navigate deep pools of water at flooded intersections.
|
|
full text
printer version