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|Facts and Statistics
|The Insurance Information Network of California (IINC) is a leading source of facts, statistics and analysis on insurance related issues in California. If you are a reporter looking for information, IINC staff is more than happy to accomodate you. Please fill out the form at the bottom of this page and someone will contact you shortly.
A Firm Foundation: How Insurance Supports The California Economy 2012
- Insurance affects everything and everything affects insurance. It is
generally understood that insurance allows those who participate in the
economy to produce goods and services without the paralyzing fear that
some adverse incident could leave them destitute or unable to function.
However, few people are aware of the extraordinary impact the industry
has on state, local and national economies. This report covers ways in
which both property/casualty and life insurance contribute to our
economy far beyond their core function of helping to manage risk. Read more...
Homeowner and Auto Justified Complaint Ratio Analysis: IINC recently completed an analysis of California Department of Insurance justified complaint surveys for both homeowner and auto insurers.
The homeowner justified complaint ratio analysis breaks down CDI reports reviewing requests for assistance for the years 2002 through 2011, providing a year-to-year analysis and ratio of total justified complaints to total homeowner policies in force. Similarly, the auto justified complaint ratio analysis breaks down CDI reports reviewing requests for assistance for the years 2009 through 2011, providing a year-to-year analysis and ratio of total justified complaints to total auto policies in force. Read more...
California Wildfire: A Study of Risk: More than 2 million California homes face extreme wildfire hazards, according to new research by the insurance industry. Analysis reveals that the majority of high-risk homes are located in Southern California. However, rural Northern California counties are not exempt, as many of these regions have the highest percentage of homes exposed to extreme fire dangers.
A guide to the insurance industry for reporters, public policymakers,
students, insurance company employees, regulators and others. Provides
concise explanations of auto, home, life, disability and business
insurance, as well as issues papers, a glossary and directories. Read more...
2011 National Insurance Crime Bureau "Hot Spots" - NICB’s Hot Spots report examines vehicle theft data obtained from the National Crime Information Center for each of the nation’s MSAs. To see how California cities rate, view this chart.
California Homeowner Policy Renewal Survey - Consumers sometimes express concern that filing a claim with their homeowner insurance carrier will cause them to lose their coverage, but analysis of the rate of non-renewals of homeowner insurance policies in California does not support this. Read more...
2010 IINC California Poll -- Californians overwhelmingly oppose the concept of emergency response fees, fees charged to drivers involved in auto accidents requiring response from the local fire department. Respondents also rejected the idea of making accident response fees a covered insurance peril, which could cause insurance costs to rise. View results...
2008 California Poll Results -- Californians overwhelmingly consider it their responsibility to prevent underinsurance, with homeowners in areas struck by frequent and catastrophic wildfire most strongly recognizing that they must keep their homes adequately insured, according to a new statewide poll.
The Ten Most Costly Wildland Fires In the US -- With more than half of California homes located in high to very high fire danger regions, homeowners need to take time to learn how to protect their homes and families from one of natures most persistent catastrophes. Historically, California is home to seven of the ten most costly wildfires.
Wildfire Comparison Chart -- In 2003, 2007 and again in 2008, wildfires scorched thousands of acres and destroyed thousands of homes. This chart provides a comparison of the fires in 2003, 2007 and 2008 identifying acres burned, homes destroyed and insured losses.
2007 Wildfire Claims Summary -- A survey of insurance companies estimates that nearly 91 percent of claims stemming from the devastating October fire and wind storms have been settled.