Latest News
Insurance Will Face COVID-19 Side-Effects Even After Pandemic Ends
Feb 01, 2021
MALVERN, Pa., February 2, 2021—A new study from the Insurance Research Council (IRC) finds that two-thirds of respondents worked from home at least part of the time during the COVID-19 pandemic.
High Cost of No-Fault Claims Puts New York Among the Least-Affordable States for Auto Insurance
Sep 02, 2020
MALVERN, Pa., September 2, 2020—New York ranks as the fourth-least-affordable state in the country for auto insurance, according to a study from the Insurance Research Council (IRC). New York’s affordability index was 2.21 percent from 2013 through 2016, compared with 1.58 percent countrywide.
Telematics Programs Prompt Changes in Driving Behavior, Although Not All Changes Permanent
Aug 24, 2020
MALVERN, Pa.— According to a new survey study from the Insurance Research Council (IRC), 80 percent of drivers who participated in an auto insurer-sponsored telematics program reported changing how they drive, but not all the changes were permanent: 42 percent of those who made changes while in t
New Study Finds That Auto Injury Claim Severity Pushes Insurance Costs Higher
Dec 19, 2019
MALVERN, Pa., February 18, 2019—Despite today’s safer cars and roads, a rise in the severity of auto injury claims is increasing costs for insurers and creating upward pressure on the cost of coverage for consumers, according to a new study from the Insurance Research Council (IRC).
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).
New Study Finds That Auto Injury Claim Severity Pushes Insurance Costs Higher
Feb 18, 2019
MALVERN, Pa., February 18, 2019—Despite today’s safer cars and roads, a rise in the severity of auto injury claims is increasing costs for insurers and creating upward pressure on the cost of coverage for consumers, according to a new study from the Insurance Research Council (IR