Insurance Information Institute

Cyber Threats, Changes in Climate, and Business Interruption are Insurance Buyers’ and Sellers’ Top...

MIAMI, Nov. 20, 2024 – Cyber incidents, changes in climate, and business interruption are the chief risk concerns among key marketplace segments in the insurance industry, a new survey from Munich Reinsurance America Inc. (“Munich Re US”) and the Ins...

Posted: Nov 19, 2024

Growing Vulnerability of Inland Areas to Flooding Yet Homeowners Don’t Have Flood Insurance Coverage...

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]   MALVERN, Pa., Nov. 13, 2024— Inland areas are increasingly vulnerable to flooding from both tropical storms and severe convective storms, yet the number of...

Posted: Nov 12, 2024

Commercial Auto Insurance Declines in Underwriting Profitability; Increasing Economic and Social Inf...

For immediate release New York Press Office: Loretta Worters, 917-208-8842, [email protected]      NEW YORK, Oct. 24, 2024 – The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary...

Posted: Oct 23, 2024

Triple-I Campaign Raises Awareness of Legal System Abuse Impacts in Georgia

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]   ATLANTA, Oct. 23, 2024  – To raise awareness of the impacts of legal system abuse on Georgia consumers, businesses and insurers, the Insurance Information Ins...

Posted: Oct 22, 2024

Personal Lines Underwriting Results Improving; Natural Catastrophes, Fed Rate Decreases, and Tempere...

For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, [email protected]     NEW YORK, Oct. 10, 2024 – First-half economic and underwriting results for the U.S....

Posted: Oct 09, 2024

Insurers Help Victims Become Resilient from Intimate Partner Violence Through Financial Empowerment

New York Press Office Loretta Worters 917-208-8842 [email protected]     NEW YORK, Oct. 7, 2024 – Financial security and access to resources can make all the difference to domestic violence victims when deciding to leave an abusive relationship. Insur...

Posted: Oct 07, 2024

Triple-I Offers Preparedness Tips for Floridians as Major Hurricane Milton Approaches State

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]   ST. JOHNS, Fla., Oct. 7, 2024 — Florida residents should finalize preparations for significant impacts of Hurricane Milton, which is forecast to make landfall...

Posted: Oct 06, 2024

Triple-I Offers Preparedness Tips for Impacts of Hurricane Helene

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]    ST. JOHNS, Fla., Sept. 24, 2024 — Residents of Florida, Georgia and the Carolinas should finalize preparations for significant impacts of Hurricane Helene, w...

Posted: Sep 23, 2024

Excess and Surplus Lines See Growth in Recent Years Due to Admitted Markets Pulling Back or Exiting...

Media Contact: Triple-I: Loretta Worters [email protected]     NEW YORK, Sept. 23, 2024 – Excess and surplus lines (E&S) has seen a surge in growth for five consecutive years by double-digit percentage rates. Solid underwriting results continue to dri...

Posted: Sep 22, 2024

Triple-I Offers Preparedness Tips for Impacts of Francine

For immediate release  Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]     ST. JOHNS, Fla., Sept. 9, 2024 — Residents from Texas to the Florida Panhandle should prepare for the potential impacts of Tropical Storm Francine, which i...

Posted: Sep 08, 2024

Pioneering Ethical AI: P&C Insurers to Play a Critical Role, Say Triple-I and SAS

MEDIA CONTACTS Insurance Information Institute (Triple-I): Loretta Worters, [email protected]  SAS: Julia Norton, [email protected] New report explores insurers’ cross-industry opportunity to influence the responsible development, use of AI, and he...

Posted: Sep 02, 2024

Amica Mutual Insurance Company Joins Triple-I as Its Latest Member

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]   NEW YORK, Aug. 20, 2024 – Amica Mutual Insurance Company has joined the Insurance Information Institute (Triple-I) as its most recent member. Headquartered...

Posted: Aug 19, 2024

Triple-I Offers Floridians, Southeast U.S. Residents Preparedness Tips for Impacts of Tropical Storm...

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected] ST. JOHNS, Fla., Aug. 3, 2024 — Residents of Florida and the Southeast should be alert for the potential impacts of Tropical Cyclone 4, which is forecast to bec...

Posted: Aug 02, 2024

Rising Homeowners Insurance Costs Since Pandemic Driven by Persistent Inflation, Replacement Cost In...

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]   NEW YORK, July 16, 2024 – The recent rise in U.S. homeowners insurance costs have been driven by a combination of increasing natural catastrophe losses and...

Posted: Jul 15, 2024

P/C Premium Growth Shows Promise, But Profitability at Least a Year Away, Triple-I/ Milliman Report...

For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, [email protected]       NEW YORK, July 11, 2024 – Favorable first-quarter economic and underwriting results for property/casualty in...

Posted: Jul 10, 2024

Triple-I Offers Texans Preparedness Tips as Beryl Nears Landfall

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected] HOUSTON, July 6, 2024 — Texans should be alert for the potential impacts of Tropical Storm Beryl, which is forecast to intensify back to hurricane strength befo...

Posted: Jul 05, 2024

Triple-I: Home Insurance Premiums in Florida Increased 80% Less in 2023 Than Initial Projections Due...

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]   ST. JOHNS, Fla., June 26, 2024 – Researchers at the Insurance Information Institute (Triple-I) have determined that home insurance premiums in Florida rose at...

Posted: Jun 25, 2024

Lightning Caused $1.2 Billion in US Homeowners Claim Payouts in 2023; Severity Trends Upward for the...

For Immediate Release New York Press Office: (212) 346-5500; [email protected]   NEW YORK, June 17, 2024—More than $1.2 billion in lightning-caused U.S....

Posted: Jun 17, 2024

Triple-I: Personal Auto Profitability is Steering in the Right Direction

NEW YORK, June 10, 2024 – Personal auto insurance underwriting profitability appears to finally be headed in a positive direction after recent years of record underwriting losses, according to the Insurance Information Institute (Triple-I). But while...

Posted: Jun 09, 2024

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