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Michigan personal auto insurance affordability has improved markedly since the state enacted significant auto insurance reform in 2019, according to the new report Personal Auto Insurance Affordability in Michigan by the Insurance Research Council (IRC), a division of The Institutes.

Homeowners insurance affordability has deteriorated over the last two decades, driven by frequency and severity of natural disasters, economic conditions, rising construction costs and litigation, according to a new Homeowners Insurance Affordability report by the Insurance Research Council (IRC)

Louisiana is the least affordable state in the country for both personal auto and homeowners insurance, resulting from a combination of multiple natural disasters, economic conditions and the state’s litigation environment, according to a newlyreleased Insurance Research Council (IRC) brief.

About one in seven U.S.

Most Americans agree U.S. insurers price personal auto and homeowners policies by using fair rating variables yet nearly half of them (47 percent) said paying for coverage was a challenge, a newly-released Insurance Research Council (IRC) survey found.

While U.S. auto claim frequency has declined over the past 20 years, claim severity increased and then surged since the global pandemic began in 2020, according to a newly published report from the Insurance Research Council (IRC), a division of The Institutes.

Over the past two decades, the average cost of claims per insured home in the United States has increased at a rate that has outpaced inflation.

Underinsured motorist (UIM) coverage protects you if you're hit by a driver who doesn't have enough coverage to pay for the damages or injuries they caused.

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