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The Arizona Insurance Institute would like to extend our sincere appreciation to Grand Canyon University for hosting the presentation by Pete Miller, CEO of The Institutes for CPCU on Blockchain last Thursday, October 25.  Pete’s presentation “How Blockchain will Revolutionize the Insurance Industry”, was outstanding, timely and informative for students, faculty, risk managers and insurance industry...

Arizona experiences windstorms that are oftentimes severe. And while finding your home damaged and personal possessions ruined is devastating, things can get even worse. Unfortunately, there are unscrupulous “professionals” who prey on victims. Roofers or Builders 1. Don’t be rushed into signing a contract with any company. Instead, collect business cards and get written estimates for the...

News Release For More Information Contact: Ann Armstrong Arizona Automobile Theft Authority Phone: 602 364-2892 ann.armstrong@aata.az.gov   The Arizona Auto Theft Authority and NHTSA Reminds the Public to Secure Your Car During July’s National Vehicle Theft Prevention Month In 2015, nearly a quarter of a million vehicles were stolen in the United States. Vehicle theft is a billion-dollar crime,...

Encompassing All Business Operations Globally   Enterprise Risk Management (“ERM”) is the process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effects of risk on an organization’s financial capital and earnings. ERM represents a significant evolution beyond previous approaches to risk management in that it: • Encompasses all areas of business...

The Arizona Automobile Theft Authority (AATA) is dedicated to reducing vehicle theft in Arizona. One of our many partners in this fight is the Town of Marana and recently, AATA Executive Director, Fred Zumbo attended the annual State of the Town event which coincided with the 40th year celebration of incorporation.  Director Zumbo took this...

Did you know insurance fraud (crimes such as staged accidents, false auto glass repair claims, false medical claims, and auto theft to name a few) costs U.S. taxpayers $80 - $100 Billion annually? In Arizona, insurance fraud alone is adding approximately $180 to each citizens insurance premiums annually. Time spent solving insurance crimes and recovering property costs...

Originally Posted: Wednesday, October 26th 2016 at 11:56 AM by NAU's W.A. Franke College of Business Throughout the week leading up to Career Exploration Day, FCB’s Career Development Office (CDO) hosted a series of Corporate Career Panels. Panels were comprised of representatives from various facets of the insurance industry and spanned across three days. The first two...

The Arizona Insurance Institute (A I I), in partnership with Northern Arizona University (NAU) and member / participating companies conducted a panel discussion on career opportunities in insurance and risk management for over 60 NAU students on October 6, 2016 at the NAU campus in Flagstaff Arizona. In addition to a brief introduction of overall career...

Do you ever wonder why insurance is so important? Where did the idea of insurance come from? Growth and Role of Property/Casualty Insurance Sharing, or pooling, of risk is the central concept of the business of insurance. The idea has the beauty of simplicity combined with practicality. If risks—chances of loss—can be divided among many members of a group,...

The National Insurance Crime Bureau (NICB) has released their latest report on insured tailgate thefts (claims reported on vehicles with current insurance against theft). The report shows an overall decrease in the number of tailgate thefts across the nation during the calendar years 2014 and 2015 but the occurrence of these thefts still remain an...