Insurance Information Institute
The Two Organizations to Unify Their Voices and Modernize Their Capabilities The Insurance Information Institute’s (Triple-I) Board of Directors approved plans this month to have the Triple-I enter into an affiliation with The I...
Posted: Jun 26, 2020
June 28 is National Insurance Awareness Day, which means it’s a good day to evaluate your insurance coverage and assess your risk. Triple-I has put together a video to help remind you to review your policies and consider any life changes...
Posted: Jun 26, 2020
Posted: Jun 23, 2020
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
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
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
By James Ballot, Senior Advisor, Strategic Communications, Triple-I
Posted: Jun 19, 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
Posted: Jun 18, 2020
Posted: Jun 17, 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
Posted: Jun 16, 2020
Posted: Jun 16, 2020
Posted: Jun 15, 2020
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
By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute
Posted: Jun 11, 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
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
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
Posted: Jun 09, 2020
Posted: Jun 08, 2020
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