American businesses and consumers rely on the availability of insurance services provided at competitive rates. The Coalition for Competitive Insurance Rates is made up of business organizations, consumer advocacy groups, insurers and their associations advocating for continued and increased competition within the insurance industry.





 

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International insurance companies paid nearly 50 percent of the estimated $19 billion in losses incurred from Hurricane Sandy.  
An estimated 85 percent of privately   insured crop losses resulting from the 2012 drought (approximately $1.2 billion) were paid by international reinsurers. In the aftermath of the 2001 terrorist attacks on New York, international insurance and reinsurance firms paid 64 percent of the estimated $27 billion in US payouts for the claims.