Insurance Information Institute

Triple-I and NICB Join Up to Help Consumers Fight Contractor Fraud

NEW YORK, May 20, 2024 --The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking this week (May 20-24, 2024) as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselve...

Posted: May 19, 2024

US P/C Industry 2023 Underwriting Performance Improved, but Personal Lines Continue to Drag, New Tri...

For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman   NEW YORK, MAY 14, 2024 – The U.S. property/casualty industry saw its second consecutive year of underwriting losses,...

Posted: May 13, 2024

Triple-I: Current Slowdown in US P/C Replacement Costs Likely Short-Lived; May Grow Faster Than Over...

For immediate release  New York Press Office, Loretta Worters 917-923-8245, [email protected]      NEW YORK, May 9, 2024 –  U.S....

Posted: May 08, 2024

Triple-I: Florida’s Property Insurance Market Improving Due to Legislative Reforms Curbing Legal Sys...

For immediate release  Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]    ST. JOHNS, Fla., May 8, 2024 – After years of enduring rampant legal system abuse and claim fraud, Florida’s property insurance market is showing signs of i...

Posted: May 07, 2024

Triple-I Stresses Preparedness for ‘Very Active’ 2024 Atlantic Hurricane Season

For immediate release  Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]       ST. JOHNS, Fla., May 3, 2024 – The start of what is forecast to be a “very active” 2024 Atlantic hurricane season is just four weeks away and the Insuran...

Posted: May 02, 2024

Struck by Lightning: How Businesses Can Become More Resilient – Triple-I and LPI

Media Contact: Loretta Worters, Insurance Information Institute (Triple-I), 917-208-8842; [email protected]    NEW YORK, April  29, 2024 – Fires resulting from lightning strikes cause 3% to 5% of all U.S. commercial property insurance claims, accounti...

Posted: Apr 28, 2024

AF Group Joins Triple-I as Its Latest Member

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]   NEW YORK, April 15, 2024— AF Group has joined the Insurance Information Institute (Triple-I) as its most recent member....

Posted: Apr 14, 2024

Triple-I: Insurance Economic Drivers Outperforming Overall US GDP, and Likely to Gain Further Moment...

For immediate release New York Press Office, Loretta Worters 917-923-8245, [email protected]     NEW YORK, April 11, 2024—The economic drivers of the U.S. property/casualty (P/C) insurance industry are now growing faster than the nation’s Gross Domest...

Posted: Apr 10, 2024

Triple-I: Dog-Related Injury Claim Payouts Hit $1.12 Billion in 2023

For immediate release California Press Office: Janet Ruiz, 707-490-9365, [email protected] NEW YORK, April 8, 2024—U.S. insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and...

Posted: Apr 07, 2024

Triple-I: 2024 Atlantic Hurricane Season Forecast to be ‘Very Active’

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]        ST. JOHNS, Fla., April 4, 2024 -- A very active tropical cyclone season is projected for 2024 in the Atlantic basin, according to a forecast released tod...

Posted: Apr 03, 2024

Save the Date: Triple-I and International Insurance Society Team Up for Week of Transformative Discu...

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]     NEW YORK, March 20, 2024—The Insurance Information Institute (Triple-I) will hold its 2024 Joint Industry Forum (JIF) in Miami, Florida, on Tuesday, Nov....

Posted: Mar 19, 2024

California’s Regulatory Restrictions Contribute to Risk Crisis

For Immediate Release  New York Press Office: Loretta Worters, 917-208-8842, [email protected]    NEW YORK, March 14, 2024—California’s regulatory restrictions to fair, actuarially sound insurance pricing and underwriting, coupled with the need for mo...

Posted: Mar 13, 2024

Legal System Abuse Adding to Increasing Auto Insurance Costs, Creating A New Asset Class of Investor...

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]     NEW YORK, Feb. 27, 2024—The Insurance Information Institute (Triple-I), the trusted source for data driven insights on risk and insurance, today released...

Posted: Feb 26, 2024

Triple-I Offers Reminders on Insurance Claim Filings for Consumers Impacted by California Atmospheri...

For immediate release West Coast Press Office: Janet Ruiz, 707-490-9365, [email protected]    SAN FRANCISCO, Feb....

Posted: Feb 08, 2024

Cyber Insurance Market Growing Dramatically, Triple-I Finds

For Immediate Release  Contact: Michael Barry, 917-923-8245, [email protected]    NEW YORK, Feb. 7, 2024—Direct written premiums for cyber insurance worldwide could rise to $23 billion by 2025, with U.S. businesses paying about 56% of the total, accor...

Posted: Feb 06, 2024

Insurance Information Institute Releases Its 2023 Annual Report

For Immediate Release Contact: Michael Barry, 917-923-8245, [email protected]   NEW YORK, Jan. 31, 2024—The Insurance Information Institute (Triple-I) released today its 2023 Annual Report, highlighting the organization’s accomplishments in a year whe...

Posted: Jan 30, 2024

Commercial Lines Continue to Perform Better Than Personal, Though Overall Underwriting Loss Persists...

For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, [email protected]     NEW YORK, Jan. 30, 2024 –The 2023 net combined ratio for the property/casualty industry is forecast to be 103....

Posted: Jan 29, 2024

Triple-I Joins Industry in Marking February’s Insurance Careers Month

For Immediate Release New York Press Office: Michael Barry, 917-923-8245, [email protected]     NEW YORK, Jan....

Posted: Jan 24, 2024

Cellphone Use Is Biggest Cause of Distracted Driving, Triple-I Report Finds

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]      NEW YORK, Jan. 22, 2024—Cellphone use by individuals operating a motor vehicle continues to be the largest contributor to distracted driving in the U.S....

Posted: Jan 21, 2024

Triple-I: Winter Weather Poses Unique Risks to Homes, Cars

For immediate release New York Press Office: Michael Barry, 917-923-8245, [email protected]   NEW YORK, Dec. 18, 2023—With winter arriving officially on Thursday, Dec. 21, preparing for snow, ice, and frigid temperatures should be a priority for homeo...

Posted: Dec 17, 2023

Triple-I Appoints Four Non-Resident Scholars to Broaden Expertise

For immediate release New York Press Office: Loretta Worters, 917-208-8842, [email protected]     NEW YORK, Dec. 13, 2023—In a move aimed at expanding its knowledge of important industry issues, the Insurance Information Institute (Triple-I) today ann...

Posted: Dec 12, 2023

Triple-I: U.S. Wildfires Remain Threat as Their Frequency Decreases

For immediate release New York Press Office: Loretta Worters, 917-208-8842, [email protected] NEW YORK, Dec. 7, 2023—The potential insured losses resulting from U.S. wildfires are growing even as their frequency decreases because close to 99 million A...

Posted: Dec 06, 2023

Triple-I: Plaintiffs Should Disclose Third-Party Funding Arrangements

For immediate release New York Press Office: Michael Barry, 917-923-8245, [email protected] COLUMBUS, Ohio, Dec. 6, 2023—Ohio’s defendants should know whether a third-party litigation funding firm is financing a lawsuit against them, the Insurance Inf...

Posted: Dec 05, 2023

Triple-I: Milwaukee Offers Model for Cities to Mitigate Flood Risk

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]   ST. JOHNS, Fla., Dec. 6, 2023 –The Milwaukee Metropolitan Sewerage District (MMSD) is mitigating the city’s flood risks using reforestation, wetlands restorat...

Posted: Dec 05, 2023

Triple-I: ‘Above-Average’ 2023 Atlantic Hurricane Season Validates CSU’s Forecasts

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]     ST. JOHNS, Fla., Nov. 29, 2023—Colorado State University’s (CSU) July and August 2023 Atlantic hurricane season forecasts, calling for “above-average” activ...

Posted: Nov 28, 2023