Insurance Information Institute
The world's top risk experts expect that a prolonged global recession is likely due to the coronavirus pandemic, according to this report. The fundamental unpreparedness of nations for pandemics is clear and shortcomings are also obvious in economic...
Posted: May 18, 2020
On May 18 the Insurance Information Institute (Triple-I) announced the launch of the Future of American Insurance & Reinsurance (FAIR) campaign. FAIR will focus on ensuring the insurance industry is able to su...
Posted: May 18, 2020
According to the report, money has become the top focus for cyberbreaches, surpassing spying. The annual study of cybercrimes, which utilized data from more than 32,000 incidents and nearly 4,000 confirmed break-ins in 81 countries, found that approx...
Posted: May 17, 2020
Triple-I’s “Insurance Careers Corner” series was created to highlight trailblazers in insurance and to spread awareness of the career opportunities within the industry. This month Kris Maccini, director, social media, Triple-I, in...
Posted: May 15, 2020
Posted: May 14, 2020
The U.S. Treasury Department issued a letter to members of Congress on May 8 which argued that proposals to force insurers to retroactively change business interruption (BI) policies to pay losses arising from the COVID-19 pandemic threaten the ab...
Posted: May 12, 2020
On May 12 NCCI reported its financial results during its annual State of the Line report at its first virtual Annual Issues Symposium (AIS). For Calendar-Year 2019 the combined ratio for workers compensation insurance was 85 percent for private carri...
Posted: May 11, 2020
Posted: May 11, 2020
Posted: May 08, 2020
Posted: May 08, 2020
Posted: May 07, 2020
Posted: May 07, 2020
This report by Triple-I's chief economist is based on ISO/Verisk's property/casualty (P/C) insurer financial data for 2019. The year was characterized by relatively low catastrophe losses, which cannot be counted on to recur on a regular basis. Net i...
Posted: May 06, 2020
Severe convective storms, which include thunderstorms, tornadoes and hail, are among the most common and damaging natural catastrophes in the United States. These storms were the costliest peril for insurers in 2019. The start of this year's convecti...
Posted: May 06, 2020
Posted: May 06, 2020
Posted: May 06, 2020
Posted: May 05, 2020
This report concludes that the coronavirus pandemic will accelerate changes to the global supply chain already in motion due to the US-China trade war, and subsequently spur new insurance opportunities. Eighty-two percent of respondents to a recent s...
Posted: May 04, 2020
Posted: May 01, 2020
In this report Willis Towers Watson (WTW) warns that industry-wide insurance losses from the coronavirus pandemic will likely exceed losses from the 2001 World Trade Center attack and could reach $140 billion at the extreme tail-end of probabilities....
Posted: Apr 30, 2020
Noting that the intensity, frequency, and duration of North Atlantic hurricanes and the frequency of Category 4 and 5 hurricanes have all increased since the early 1980s the report states that hurricane-associated flooding and rainfall rates are proj...
Posted: Apr 30, 2020
An international survey commissioned by insurer Hiscox indicates that businesses' cyber losses have shown a nearly six-fold increase during the last year, rising from a median cost of $10,000 per firm to $57,000. Total cyber losses among the study gr...
Posted: Apr 30, 2020
By Kris Maccini, Director, Social Media, Insurance Information Institute Triple-I Employees Share Pet Adoption Stories
Posted: Apr 30, 2020