Insurance Information Institute

A Report of the NAIC on the State Insurance Regulatory Response to COVID-19

This report from the National Association of Insurance Commissioners (NAIC) discusses the impact of the coronavirus pandemic on the health and stability of the insurance market by clarifying its commitment to helping insurance regula.tors protect the...

Posted: Jun 22, 2020

2020 Workplace Safety Index

This annual study found that overexertion, falls and struck-by hazards are among the most expensive workplace injuries. The index utilized data from 2017, studying injuries and illnesses that required more than five days away from work. The index als...

Posted: Jun 22, 2020

Motor vehicle accidents in workers compensation: An update

This report found a continuing trend of an increasing frequency of workers compensation cases involving traffic accidents. NCCI reported that from 2011 to 2016, the frequency of all workers compensation claims fell by 20.1 percent while claims involv...

Posted: Jun 22, 2020

Pandemic Insurance Was Available. Why Didn’t Businesses Purchase It?

By James Ballot, Senior Advisor, Strategic Communications, Triple-I

Posted: Jun 19, 2020

NCCI Insights: Quarterly Economics Briefing for Q2 2020

This issue contains two reports on how the coronavirus (COVID-19) pandemic has affected employment. The first report is on job losses due to the pandemic from February to May 2020. Key insights include that job losses were most severely felt in servi...

Posted: Jun 18, 2020

Workers compensation prescription drug regulations: A national inventory 2020

Public policy for prescription drugs is a complex issue, both in general and in the workers compensation system. Patients are affected by the high and increasing cost of prescription drugs directly as well as indirectly through their employers and in...

Posted: Jun 16, 2020

Property & casualty insurance premium refunds during COVID-19: Actuarial and tax issues

This article from Milliman, a risk management and benefits firm, considers the refunds insurance companies issued to customers during the COVID-19 pandemic from a tax and actuarial perspective. When considering auto refunds, the average cost per clai...

Posted: Jun 14, 2020

Taking Care with Economic Headlines

By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute

Posted: Jun 11, 2020

2020 U.S. Auto Insurance Study

This study of 40,123 auto insurance customers found that for the first time in the study's 21-year history, insurance company websites surpassed agents in client interaction and service, providing higher customer satisfaction. However, the difference...

Posted: Jun 10, 2020

Global Macro and Insurance Outlook: Q2 2020

The world’s 10 largest insurance markets are cumulatively expected to see gross domestic product (GDP) decrease by 4.9 percent in 2020 compared to 2019 because of COVID-19, according to a new Insurance Information Institute (Triple-I) report. “Given...

Posted: Jun 10, 2020

Accelerating Trends, Unprecedented Turmoil Could Lead to Seismic Change for D&O Industry

The report indicates that rates for directors and officers liability insurance (D&O) would increase by 100 percent as insurers take steps to protect themselves from increased shareholder litigation over the last three years and lawsuits in the future...

Posted: Jun 09, 2020

Opioid prescribing across industry groups

According to this report, workers compensation claims in the contracting industry showed a relatively higher number of cases involving opioid use, and the costs were almost 100 percent higher compared with other industry groups. Researchers examined...

Posted: Jun 07, 2020

Latest report shows surprising job gains for the insurance industry

By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute The

Posted: Jun 05, 2020