To recap the issues raised during today’s conference call, here are the key media stories we discussed, and the messages we’re conveying.
If there is a subject you would like to see addressed on Wednesday, February 26, please email me at michaelb@iii.org.
I.I.I.’S FLORIDA REPRESENTATIVE TESTIFIES IN TALLAHASSEE ON THE STATE OF FLORIDA’S PROPERTY INSURANCE MARKET
The I.I.I.’s Lynne McChristian addressed the Florida House’s Insurance & Banking subcommittee on Wednesday, February 19. This media advisory links to her presentation.
I.I.I. PRESIDENT IS INTERVIEWED BY BBC RADIO FOR SEGMENT ON HOW THE INSURANCE INDUSTRY PREPARES FOR EXTREME WEATHER EVENTS
The BBC story was broadcast as part of its Business Matters program on Tuesday, February 18, and offered an international take on the issue. The I.I.I.’s Bob Hartwig was an on-air source.
BOSTON GLOBE EXAMINES THE GROWING INTEREST IN CYBER INSURANCE IN THE WAKE OF THE TARGET DATA BREACH
About one-third of companies now have insurance against such losses, and in 2013 the market for cyber insurance rose 20 percent, The Boston Globe reported on Monday, February 17.
NBC NEWS EXPLORES HOW SOME HAVE SUCCESSFULLY CHALLENGED FEDERAL GOVERNMENT’S FLOOD MAP DECISIONS
Coastal property owners in states like Florida and New York have fought efforts to place them in a higher-risk flood plain, according a Tuesday, February 18, NBC News story.
NEW YORK CITY, WASHINGTON, D.C., NEWS RADIO STATIONS CONTACT I.I.I. ON COVERAGE FOR POTHOLE-DAMAGED CARS
The I.I.I.’s Mike Barry spoke with WCBS-AM in New York City and WMAL-FM in D.C. that the collision coverage portion of an auto policy generally covers damage caused by potholes.
STORIES IN THE WORKS
The Wall Street Journal is preparing an article on what the U.S. flood insurance market might look like if 2012’s Biggert-Waters Flood Insurance Reform Act is modified.
CAPITOL HILL
Citing safer cars and healthier drivers, an Insurance Institute of Highway Safety study found the rate at which older drivers were either injured or killed in car accidents fell from 1995 to 2008.
The U.S. Senate’s Banking Committee is holding on Tuesday, February 25, at 10 a.m., a hearing on Reauthorizing the Terrorism Risk Insurance Act (TRIA).
STATES
Arizona
House Bill 2455 would prevent lawsuits against insurers for denying workers compensation claims in bad faith, Phoenix’s CBS affiliate reported, on Tuesday, February 18.
California
San Pablo residents say the city has not fixed a faulty drainage system, leaving their homes susceptible to sliding, according to this Friday, February 14, Contra Costa Times article.
Kentucky
A sinkhole at the National Corvette Museum in Bowling Green damaged eight cars on Wednesday, February 12, according to this same-day CNN story.
Louisiana
Insurance Commissioner Jim Donelon said that post-accident lawsuits are one cause of higher auto insurance rates, the Times-Picayune reported, on Monday, February 17.
Governor Bobby Jindal has called for a delay in raising FEMA National Flood Insurance Program premiums, according to this Wednesday, February 19, Times-Picayune story.
New York
On Tuesday, February 18, the Court of Appeals, the state’s highest court, sided with an insurance company in a high-profile case, according to the NY Insurance Association (NYIA).
New York City Mayor Bill de Blasio wants the city’s default speed limit reduced to 25 from 30 miles per hour, according to this Tuesday, February 18, news release.
New Jersey
Numerous roofs have collapsed due to this winter’s heavy snowfall, the Star-Ledger reported, in its Sunday, February 16, print edition. The I.I.I.’s Barry was quoted.
Oklahoma
Insurance Commissioner John Doak is hosting a “Tax Tips for Tornado Survivors” Forum on Thursday, February 20, at 6:30 p.m., at the Moore Public Library.
South Carolina
A 4.1 magnitude temblor on Friday, February 14, had people near its Edgefield epicenter thinking about earthquake coverage, Greenville’s NBC affiliate reported, on Monday, February 17.
SOCIAL MEDIA
The I.I.I. was back on BuzzFeed this week with a post on this year’s winter weather in the U.S.
The I.I.I. is cited regularly in the media as an authoritative source of insurance information. To access the current I.I.I. press clips, click here
For an I.I.I. Blog search, click here.
