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Public Understanding and Acceptance of Sharing Economy Reveals Growth Potential

Aug 31, 2016
MALVERN, Pa.—Despite the extensive media attention received by Uber, AirBNB, and similar examples of the emerging sharing economy, 71 percent of all adult Americans report little familiarity with the sharing economy, according to a recent public opinion survey from the Insurance Research Council
A young male claims adjuster with a clipboard crouches in front of a black damaged vehicle

Auto Insurance Affordability Problems Linked to Underlying Cost Drivers

Jun 25, 2016
MALVERN, Pa.—Medical utilization rates exceeding national norms are a major contributor to high claim costs in eight of the 12 least affordable auto insurance systems, according to a new report from the Insurance Research Council (IRC).
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Telematics Devices Prompt Changes in Driving Behavior

Nov 18, 2015
MALVERN, Pa.—More than half (56 percent) of the drivers participating in an Insurance Research Council (IRC) public opinion survey have made changes in how they drive since installing a telematics device provided by their insurance company in their primary vehicle.* Thirty-six percent of responde
A young male claims adjuster with a clipboard crouches in front of a black damaged vehicle

Auto Injury Claim Severity Pushes Insurance Claim Costs Higher

Oct 05, 2015
MALVERN, Pa.—According to a new study from the Insurance Research Council (IRC), auto injury claim costs per insured vehicle have continued to increase across the United States.
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Trends Indicate Auto Insurance is Becoming More Affordable for All Income Groups

Aug 25, 2015
MALVERN, Pa.— Personal auto insurance has become more affordable over time for all income groups, including low-to-moderate income (LMI) groups, according to a new report from the Insurance Research Council (IRC).
Over the shoulder view of a man driving his car at dusk.

Aided by Internet, Consumers Shop for Auto Insurance to Get Better Price

Jun 15, 2015
MALVERN, Pa.—Eighty-six percent of insured drivers responding to a recent public opinion survey by the Insurance Research Council (IRC) said they were satisfied with their current auto insurance company.
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Insurance Research Council Finds That Fraud and Buildup Add Up to $7.7 Billion in Excess Payments for Auto Injury Claims

Feb 03, 2015
MALVERN, Pa.— A new study from the Insurance Research Council (IRC) estimates that claim fraud and buildup added between $5.6 billion and $7.7 billion in excess payments to auto injury claims paid in the United States in 2012.
A closeup of a gavel with two model cars in the background.

Study Reveals the Costly Impact of Third-Party Bad-Faith Law on Florida’s Automobile Insurance System

Aug 26, 2014
MALVERN, Pa.—The Insurance Research Council (IRC) estimates that Florida’s third-party bad-faith lawsuit environment may have resulted in over $800 million in additional auto liability claim payments in 2013.
Over the shoulder view of a man driving his car at dusk.

New Study Reveals a Declining Trend in the Percentage of Uninsured Motorists

Aug 05, 2014
Across the United States, the estimated percentage of uninsured motorists trended down in 2010, 2011 and 2012, according to new estimates from the Insurance Research Council (IRC).