Latest News

Auto Injury Claim Severity Pushes Insurance Claim Costs Higher
Oct 05, 2015
MALVERN, Pa.—According to a new study from the Insurance Research Council (IRC), auto injury claim costs per insured vehicle have continued to increase across the United States.

Trends Indicate Auto Insurance is Becoming More Affordable for All Income Groups
Aug 25, 2015
MALVERN, Pa.— Personal auto insurance has become more affordable over time for all income groups, including low-to-moderate income (LMI) groups, according to a new report from the Insurance Research Council (IRC).

Aided by Internet, Consumers Shop for Auto Insurance to Get Better Price
Jun 15, 2015
MALVERN, Pa.—Eighty-six percent of insured drivers responding to a recent public opinion survey by the Insurance Research Council (IRC) said they were satisfied with their current auto insurance company.

Insurance Research Council Finds That Fraud and Buildup Add Up to $7.7 Billion in Excess Payments for Auto Injury Claims
Feb 03, 2015
MALVERN, Pa.— A new study from the Insurance Research Council (IRC) estimates that claim fraud and buildup added between $5.6 billion and $7.7 billion in excess payments to auto injury claims paid in the United States in 2012.

Study Reveals the Costly Impact of Third-Party Bad-Faith Law on Florida’s Automobile Insurance System
Aug 26, 2014
MALVERN, Pa.—The Insurance Research Council (IRC) estimates that Florida’s third-party bad-faith lawsuit environment may have resulted in over $800 million in additional auto liability claim payments in 2013.

New Study Reveals a Declining Trend in the Percentage of Uninsured Motorists
Aug 05, 2014
Across the United States, the estimated percentage of uninsured motorists trended down in 2010, 2011 and 2012, according to new estimates from the Insurance Research Council (IRC).

Study Finds More Auto Injury Claimants Are Hiring Attorneys
Jul 08, 2014
A new study from the Insurance Research Council (IRC) found that the percentage of auto injury claimants represented by attorneys rose to 36 percent of personal injury protection (PIP) claimants in 2012, up from 31 percent in 2007 and more than double the rate found in a similar study in 1977.

Medical Costs for Auto Injury Claims Outpace Inflation, Even as Reported Injuries Become Less Severe
Mar 10, 2014
Medical expenses reported by auto injury claimants continue to increase faster than the rate of inflation, in spite of the fact that the severity of the injuries themselves remain on a downward trend.

New Study Finds Improvement in Automobile Insurance Affordability at All Income Levels
Dec 02, 2013
Affordability of automobile insurance improved during the previous decade for both middle- and low-income consumers in the United States, according to a new study from the Insurance Research Council (IRC).