Research Publications

Auto Insurance Affordability: Cost Drivers in Florida

The report combines information from IRC closed-claim research and other sources and is part of IRC’s ongoing research into the factors driving the affordability of auto insurance.

Auto Insurance Affordability: Cost Drivers in Louisiana

The report combines information from IRC closed-claim research and other sources and is part of IRC’s ongoing research into the factors driving the affordability of auto insurance.

Autonomous Vehicles and Transportation Network Companies: Public Attitudes and Opinions

This survey report explores the opinions about autonomous vehicles and transportation network companies.

Third-Party Bad Faith in Florida's Automobile Insurance System, 2018 Update

A report updating findings on the impact of Florida’s third-party bad-faith legal environment on BI liability auto insurance claim trends.

Digitizing the Auto Insurance Customer Relationship

This survey report explores the degree to which auto insurance customers interact with their insurer using digital methods and their preferences for using digital methods in the future.

Smart Home Technology: Many Express Interest, But Cost and Privacy Concerns Slow Adoption

Smart Home Technology: Many Express Interest, but Cost and Privacy Concerns Slow Adoption, This study finds that nearly half of all homeowners and renters countrywide would consider allowing their insurance company to receive information about the status of their home through a smart home device or system. The study also identified attitudes and concerns that discourage some from participating in programs involving insurers.

Public Understanding of Hurricane Deductibles: Need for Consumer Education Persists

This report examines public understanding of the nature and effects of hurricane deductibles and other special deductibles applicable to storm-related homeowners insurance claims. The study is based on a survey of privately-insured homeowners in five coastal states.

Third-Party Bad Faith in Florida’s Automobile Insurance System

Bad-faith lawsuits targeting automobile insurers in Florida impose a heavy burden on the state’s auto insurance system and auto insurance consumers. This report examines the effect that potential bad-faith settlements have on underlying claiming behavior in Florida. Estimates of additional claim costs attributable to the bad-faith legal environment are included.

Expert Views of Auto Insurance Rate Regulation

This report surveys academic experts in risk and insurance on the effectiveness of prior approval and market-oriented rate regulatory policies in automobile insurance. The results show that a vast majority believe the prior-approval regulation of auto insurance rates is unnecessary and does not benefit consumers.

The Long-Term Effects of Rate Regulatory Reforms in Automobile Insurance Markets

This study provides evidence of the positive impact of relaxing stringent rate regulations in the automobile insurance markets of South Carolina (reformed in 1999), New Jersey (reformed in 2003), and Massachusetts (reformed in 2008). Estimates show that rate reforms have led to a number of positive developments in these markets without leading to increases in insurance prices or reductions in insurance availability. Overall, the regulatory reforms in these states have improved the performance of the insurance market for both consumers and insurers.