By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute The U.S. Energy Information Administration (EIA) publishes extensive data on petroleum production, refining and supplies to users, with some data provided on a weekly basis. Gasoline supplied to retailers is not quite the same as gasoline consumed but it is close. […]

Getty Images Today marks one year when my car got flooded, I got stranded, and I learned a huge lesson: I call it my floodiversary. We keep a small saltwater tank, and to keep the tank healthy, it needs regular water changes. Before the Fourth of July weekend I decided […]

Insurers refunded $1.2 billion to California policyholders as of June 26, according to actuarial firm Perr & Knight. The California Department of Insurance (CDI) ordered the refunds to drivers and businesses in the state affected by the COVID-19 emergency. The companies were required to file reports outlining the details of […]

June 28 is National Insurance Awareness Day, which means it’s a good day to evaluate your insurance coverage and assess your risk. Triple-I has put together a video to help remind you to review your policies and consider any life changes that might necessitate updating your coverage. This is also […]

With a number of carriers increasing the credit they are giving on their policies, U.S. auto insurers will return over $14 billion to their customers nationwide in response to reduced driving during the pandemic, according to an Insurance Information Institute (Triple-I) estimate. In May, Triple-I estimated that insurers would return more than […]

Auto insurance refunds U.S. auto insurers will return over $10 billion to their customers nationwide, according to an Insurance Information Institute estimate, in response to reduced driving during the pandemic. We’ve listed many of the companies that are offering refunds here and here. These lists are not exhaustive, so be sure to […]

Since people are driving less in the midst of COVID-19 related stay-at-home orders, many auto insurers have responded with premium refunds totaling about $10 billion. How are consumers reacting to these refunds? A May 5 webinar co-hosted by Cambridge Mobile Telematics’ (CMT) VP of Insurance & Government Affairs, Ryan McMahon, […]

How will the COVID-19 pandemic affect auto insurers in the longer term? No one knows for sure, of course, but a new McKinsey study provides a framework for considering the question. Fewer people are driving due to business closures and work-from-home practices. This could lead to fewer accidents and claims […]

Car insurance premiums have risen steadily since 2009 at a faster pace than inflation, according to a recent paper in the Journal of Insurance Regulation. Transportation is essential to opportunity in the United States. Cost of driving, therefore, isn’t a trivial issue. When you hear a stat like that, what’s […]

Sometimes the blog posts just write themselves. ABC News in North Carolina reports that a driver in the state looked up and saw a bird carrying a huge fish. “It was one of those slow-motion moments in life. I saw the fish and I saw him drop it,” said Rhesa Walston of […]