Latest News

A desk covered in papers, a calculator, and a laptop in the background. Two hands on opposite sides of the desk are pointing at charts and graphs on the papers.

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.
A close-up of a $100 bill, focused on Ben Franklin's portrait with a zigzagging green arrow superimposed over the image.

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).
A close-up of a $100 bill, focused on Ben Franklin's portrait with a zigzagging green arrow superimposed over the image.

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.
A close-up of a set of house keys next to a miniature house.

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).
A close-up of a $100 bill, focused on Ben Franklin's portrait with a zigzagging green arrow superimposed over the image.

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).
A silver sedan has crashed into a telephone pole. The hood of the car is crumpled and smoke is coming from the engine.

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).
Point of view image of a person driving a car. Lights seem to be zipping by the windows and the windshield, indicating that the car is moving fast.

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
The scales of justice sitting on a blue background.

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
Insurtech concept of a transparent cube with a green umbrella over a circuit board and network connections.

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.