Upcoming Industry Events

November 1-3

LSCU & Affiliates C-Suite Summit - Adairsville, GA

November 2-4

TN CUL Annual Board & Committee Leadership Conference - Nashville, TN

November 6

LSCI's Loan Decisioning Boot Camp - Online

November 6-8

VentureTech - Frisco, TX

November 7-9

NAFCU's Lending Conference - New Orleans, LA

November 14

LSCU's Virtual Crypto, Digital Currency & Defi Event for Credit Unions - Online

November 28 - December 1

CrossState CUA's CEO Summit - Key West, FL

Industry News

How Many Decades in a 100-Year Event?

One-hundred year flooding events could increase, becoming 50-year events by 2050. Off-plane flooding (defined as a high and very intense level of precipitation in areas of low absorption) is where the biggest potential for increased annual property losses is. This includes urban areas (where there is a high density of buildings), and arid environments (where the infrastructure and sewer systems are not able to withstand heavy rainfall).

Hurricanes should be viewed as more than windstorms. The secondary impact, such as increased rainfall, can create losses for a larger geographic area. "Instead of a hurricane being an eight-to-ten-hour event on the coast, it now becomes a 20-30-hour event once you're inland and the volume of rain keeps accumulating," said R. Dale Hall, FSA, MAAA, CERA, CFA, managing director of research at the Society of Actuaries (SOA).

Additionally, SOA is predicting that property losses may increase 125% due to fertile environment for larger and more damaging wildfires. A change in atmospheric temperature is resulting in more water vapor being held without necessarily releasing it, causing more arid conditions.

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Automakers Have Big Hopes for EVs; Buyers aren't Cooperating

EV sales continue to grow but have slowed from a year earlier and unsold inventory is starting to pile up. The first wave of buyers willing to pay a premium for EVs have already made their purchases and automakers are now dealing with an abrupt slowdown with the more hesitant group. Many consumers are still reluctant to make the switch due to the higher price and the added inconveniences of needing regular recharging and having a limited driving range. Car manufacturers are making major investments into building factories and battery plants and are hoping for a strong pickup in demand for the plug-in models. Meanwhile, the hybrid market is hot right now with buyers gravitating to the gasoline engines combined with battery power to save on fuel.

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Raving Fan Review of the Month

"Thank you soooo much for all you do for us... ALWAYS. You and the entire TEAM are exceptional."

City Credit Union

See what other Raving Fans are saying about ISI!

This Month's Milestone Anniversaries

We are thankful for our lender partners, who are essential to our continued success! Listed below are those celebrating milestone anniversaries with ISI this month!

Celebrating 30 Years

Johnsonville TVA Employees Credit Union

Celebrating 15 Years

Knoxville Firefighters Federal Credit Union

Data/Industry Trends

How Long Does it Take to Repair a Vehicle - Report

Due to repair shop backlogs and parts shortages, the average repair cycle for auto insurance claims is now 23.1 days, up 6.2 days from 2022 and more than doubling the 2021 average repair duration.

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UAW Deal with Ford Includes $8.1 Billion in Investments, $5,000 Ratification Bonuses.

UAW union leaders approved a tentative 4.5-year agreement that will now be rolled out to 57,000 UAW-Ford members for regional informational meetings and then voting, which typically takes a couple of weeks to conclude.

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November Holidays, Fun Facts, and Folklore!

November is the month of food! Find out what this month brings, from weather forecasts to folklore!

Everything you need to know about November


Thankful for You!

As we celebrate Thanksgiving, I want to express my sincere gratitude for your continued support and trust in ISI. You are the reason why we exist and why we strive to deliver the best solutions and services in the industry.

Whether you are a customer, a partner, a supplier, or a friend, you are part of the ISI family. We appreciate your feedback, your collaboration, and your loyalty. We are thankful for the opportunity to work with you and serve you.

On behalf of the entire ISI team, I wish you and your loved ones a happy and safe Thanksgiving. Thank you for being part of our journey.

Happy Thanksgiving!

Taylor MacCurdy




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Contact Info:

Phone: 800-749-5440

Email: management@isicpi.com

Website: insurancesystemsincorporated.com

ISI is an administrator of Collateral Protection Insurance (CPI) and Blanket Lenders Single Interest (BLSI) for financial institutions. We provide insurance, lending, and marketing products to the financial institution marketplace. Our mission is to deliver the best products and services in the industry through responsive service, comprehensive coverage, and advanced technology. We combine the lender's vision and our proven plan to create a portfolio that matches the lender's needs for a successful program and partnership.