Insurance Information Institute
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
By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute The
Posted: Jun 05, 2020
Posted: Jun 04, 2020
The 2020 Atlantic hurricane season activity is projected to be "well above average,” according to Triple-I non-resident scholar Dr. Phil Klotzbach. Dr. Klotzbach, an atmospheric scientist at Colorado State University (CSU), and his team issued an upd...
Posted: Jun 03, 2020
This study warns that autonomous vehicles (AVs) would probably prevent only one-third of all vehicle crashes. About 94 percent of crashes occur because of driver error, but AVs will still crash if they make the same mistakes as humans. This study hig...
Posted: Jun 03, 2020
Riots across the U.S. and the subsequent damage to thousands of businesses have many business owners askin...
Posted: Jun 03, 2020
“Social inflation” is the name used to describe growth in liability risks and costs related to litigation trends. A new white paper by the Insurance Research C...
Posted: Jun 02, 2020