Latest News
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.
Cost of Auto Injury Claims Continues to Outpace Inflation; Attorney Involvement Increases
Apr 17, 2018
MALVERN, Pa.— A new study from the Insurance Research Council (IRC) shows that claimed economic losses for bodily injury liability (BI) insurance claims increased 10 percent annualized from 2012 to 2017, substantially above the medical inflation rate of 3 percent over the same period.
Many Homeowners and Renters Would Consider Allowing Their Insurer to Receive Information Through a Smart Home Device or System
Jan 29, 2018
MALVERN, Pa.—Nearly half of all homeowners and renters in the United States would consider allowing their insurance company to receive information about the status of their home through a smart home device or system, according to a new survey from the Insurance Research Council (IRC).
One in Eight Drivers Uninsured
Oct 09, 2017
MALVERN, Penn.—Oct. 9, 2017— Countrywide, about one in eight drivers on the road in 2015 was uninsured, according to a new report from the Insurance Research Council (IRC).
Many Homeowners in Coastal Areas Remain Unfamiliar with Hurricane Deductibles
Jun 15, 2017
MALVERN, Pa.— Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles and how they work, a new Insurance Research Council (IRC) poll has found.
Attorney Involvement in Homeowners Insurance Claims in Texas
Jan 02, 2017
MALVERN, Pa.— The use of attorneys in settling Texas homeowners insurance claims is spreading, according to a recent study of homeowners insurance claims conducted by the Insurance Research Council (IRC).
Why Do Claimants Hire Attorneys?
Nov 30, 2016
MALVERN, Pa.— In a recent online poll about experiences with auto injury insurance claims, almost half of respondents with auto injury claims hired attorneys to help settle those claims.
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