Latest News

While Most Americans See Motor Vehicle and Home Ownership As Good Investments, New Transportation Options May Change Those Views
Dec 19, 2019
December 16, 2019, MALVERN, Pa — A new study from the Insurance Research Council (IRC) shows that motor vehicle ownership is considered a good investment by most adults, but that attitudes toward ownership are challenged by the availability of transportation alternatives such as Uber and Lyft.

Insurance Research Council Report Finds Rapid Increase in Cost of Homeowners Insurance Claims, Despite a Drop in Claim Frequency
Sep 30, 2019
MALVERN, Pa., September 30, 2019—The cost of homeowners insurance claims has been increasing rapidly in recent years despite a long-term decline in the frequency of claims, according to a new report from the Insurance Research Council (IRC).

Michigan Among Least-Affordable States for Auto Insurance Due to Extremely High Claim Costs
Apr 09, 2019
MALVERN, Pa., April 8, 2019—Michigan ranks as the third-least-affordable state in the country for auto insurance, according to a new study from the Insurance Research Council (IRC). Michigan’s affordability index was 2.21 percent from 2013 through 2016, compared with 1.58 percent countrywide.

Insurance Research Council Report Documents Substantial Growth in Homeowners Insurance Claim Costs
Feb 19, 2019
MALVERN, Pa.— The cost of homeowners insurance claims has been increasing at twice the rate of inflation despite significant declines in recent years, according to a new report from the Insurance Research Council (IRC).

Florida Among the Least-Affordable States for Auto Insurance Due to High Claim Frequency, High Attorney Involvement, and Other Cost Drivers
Dec 19, 2018
MALVERN, Pa., December 19, 2018—Florida ranks second on a list of least-affordable states for auto insurance, according to a new study from the Insurance Research Council (IRC).

Louisiana Tops List of Least Affordable States for Auto Insurance Due to Frequent Claims and Litigation
Oct 18, 2018
MALVERN, Pa., October 29, 2018—Louisiana ranks number one on a list of least affordable states for auto insurance, according to a new study from the Insurance Research Council (IRC).

Survey Finds Many Would Likely Forego Owning a Personal Vehicle if They Had Access to Self-Driving Vehicles Operated by Transportation Network Companies
Oct 08, 2018
MALVERN, Pa.— According to a new report from the Insurance Research Council (IRC), more than one-in-three adults countrywide would likely forego owning or leasing a personal vehicle if self-driving vehicles operated by transportation network companies, such as Uber and Lyft, were available to the

Study Estimates Florida Third-Party Bad-Faith Costs at $7.6 Billion for 12-Year Period (2006-2017)
Sep 18, 2018
MALVERN, Pa.— A new report from the Insurance Research Council (IRC) estimates that Florida’s third-party bad-faith legal environment added an average of $106 in claim costs to every insured vehicle in the state in 2017, and resulted in a total of $7.6 billion in additional claim costs over the p

Growing Number of Consumers Favor Digital Methods to Accomplish Key Insurance Tasks
Aug 22, 2018
MALVERN, Pa.— A new survey from the Insurance Research Council (IRC) finds that while phone calls remain the most common method consumers use to manage their auto insurance, many consumers are eager to use digital methods to accomplish the same tasks.