Insurance Information Institute

Triple-I Issues Brief: Hurricanes Are Getting Costlier and Wetter

For immediate release New York Press Office: Michael Barry, 917-923-8245, [email protected]     NEW YORK, July 19, 2023—U.S. population growth in hurricane-prone states, coupled with the increasingly heavy rainfall which accompany these storms, has ge...

Posted: Jul 18, 2023

Triple-I: Hurricane-Force Winds Cause Extensive Damage in Midwest

For immediate release Midwest Press Office: Scott Holeman, 785-760-3777, [email protected]     KANSAS CITY, Mo., July 17, 2023—Homeowners, renters, businesses, and vehicle owners who incurred property damage last weekend in Kansas and Missouri need to k...

Posted: Jul 16, 2023

Triple-I: Northeasterners Should Review Their Insurance Coverage

For immediate release New York Press Office: Michael Barry, 917-923-8245, [email protected]     NEW YORK, July 12, 2023—Homeowners, renters, businesses, and vehicle owners impacted by this week’s severe weather on the East Coast need to know what’s co...

Posted: Jul 11, 2023

Triple-I: Updated CSU Atlantic Hurricane Season Forecast Calls for ‘Above-Average’ Activity

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]     ST. JOHNS, Fla., July 6, 2023— An updated 2023 Atlantic hurricane season forecast from Colorado State University (CSU) released today projects more tropical...

Posted: Jul 05, 2023

Triple-I’s Chief Economist Joining July 6 Insurer Investment Panel

For Immediate Release New York Press Office: Michael Barry, 917-923-8245, [email protected] NEW YORK, June 29, 2023—Michel Léonard, PhD, CBE, Chief Economist and Data Scientist, Insurance Information Institute (Triple-I) is participating in a free-to-...

Posted: Jun 28, 2023

Triple-I Offers Tips on Celebrating July 4 Safely

For Immediate Release New York Press Office: Michael Barry, 917-923-8245, [email protected] NEW YORK, June 27, 2023—Fireworks displays, outdoor cooking, and pool parties are traditional ways to mark Independence Day yet these activities must be conduc...

Posted: Jun 26, 2023

Lightning Caused $952 Million in U.S. Insurance Claims in 2022

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]   NEW YORK, June 15, 2023—More than $950 million in lightning-caused U.S. homeowners insurance claims were paid out in 2022 to 62,000-plus policyholders, wit...

Posted: Jun 14, 2023

U.S. Insurers Hit Hardest by Inflation, Triple-I Global Analysis Finds

For Immediate Release New York Press Office: Michael Barry, 917-923-8245, [email protected]     NEW YORK, June 13, 2023—U.S. insurers have paid more than their counterparts worldwide to repair and rebuild damaged properties and vehicles due to inflati...

Posted: Jun 12, 2023

Hurricane Season Has Begun, But Are Homeowners Prepared?

For Immediate Release  New York Press Office: Loretta Worters, 917-208-8842, [email protected]      NEW YORK, June 6, 2023—The official start of the 2023 Atlantic hurricane season kicked off June 1, and is forecast to be a busy one, which is why homeo...

Posted: Jun 05, 2023

Triple-I Update: Atlantic Hurricane Season to Have ‘Near-Average’ Activity

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]      ST. JOHNS, Fla., June 1, 2023—An updated 2023 Atlantic hurricane season forecast released today by Colorado State University (CSU) envisions a “near-averag...

Posted: May 31, 2023

Triple-I: Wildfire Preparedness Critical as Summer Nears

For immediate release West Coast Press Office: Janet Ruiz, 707-490-9365, [email protected]    HIDDEN VALLEY LAKE, Calif., May 30, 2023—The 2023 California wildfire season’s peak is expected to occur between August and November because the state’s except...

Posted: May 29, 2023

Triple-I CEO Interviewed for First Predict & Prevent Podcast

For Immediate Release New York Press Office: Michael Barry, 917-923-8245, [email protected]   NEW YORK, May 24, 2023 —The Institutes’ premiere Predict & Prevent podcast is now live and features a 30-minute interview with Sean Kevelighan, CEO, Insuranc...

Posted: May 23, 2023

Triple-I: Homeowners Can Combat Post-Disaster Fraud Schemes

For Immediate Release New York Press Office: Michael Barry, 917-923-8245, [email protected] NEW YORK, May 19, 2023 —To highlight how homeowners can protect themselves from dishonest contractors, the Insurance Information Institute (Triple-I) and the N...

Posted: May 18, 2023

Inflation, Catastrophes Contribute to 2022 Underwriting Loss for P&C Industry, New Triple-I/Milliman...

For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, [email protected]     NEW YORK – May 15, 2023 --The 2022 net combined ratio for the property/casualty insurance industry was 102.4,...

Posted: May 14, 2023

Triple-I to Mark Hurricane Preparedness Week (April 30-May 6)

For immediate release  Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]       ST. JOHNS, Fla., April 27, 2023—The start of what is forecast to be a “slightly below-average” Atlantic hurricane season is weeks away and the Insurance...

Posted: Apr 26, 2023

When Lightning Strikes: How Business Can Protect Its Bottom Line

For immediate release New York Press Office: Loretta Worters, 917-208-8842; [email protected] NEW YORK, April 24, 2023—Fires resulting from lightning strikes cause 3 to 5 percent of all U.S. commercial property insurance claims, accounting cumulativel...

Posted: Apr 23, 2023

Triple-I: 2023 Atlantic Hurricane Season Forecast to be ‘Slightly Below-Average'

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]        ST. JOHNS, Fla., April 13, 2023—A slightly below-average level of tropical cyclone activity is projected for 2023 in the Atlantic basin, according to a f...

Posted: Apr 12, 2023

Triple-I: Dog-Related Injury Claim Payouts Exceeded $1 Billion in 2022

For immediate release  California Press Office: Janet Ruiz, 707-490-9365, [email protected]     NEW YORK, April 6, 2023—U.S. insurers paid out more than $1 billion in dog-related injury claims in 2022, a double-digit percentage increase over 2021 even t...

Posted: Apr 05, 2023

Michigan’s Auto Insurance Reform Law Reducing Costs, Paper Finds

For Immediate Release New York Press Office: Michael Barry, 917-923-8245, [email protected]     NEW YORK, April 4, 2023—Michigan’s personal auto insurers are paying out less in claims and drivers are paying less in premiums since changes were made to...

Posted: Apr 03, 2023

Inflation, Catastrophes, and Geopolitical Risks Weigh on 2022 P&C Industry Results, New Triple-I/Mil...

For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman NEW YORK – Feb. 7, 2023 – The 2022 combined ratio for the property/casualty insurance industry is forecast to be 105.8...

Posted: Feb 06, 2023

Triple-I Moderating Feb. 9 Keynote Session at Wildfire Conference

For Immediate Release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]      SAN DIEGO, Feb. 6, 2023—The Insurance Information Institute’s (Triple-I) California market expert is moderating a keynote session at the Wildfire Resilient...

Posted: Feb 05, 2023

Insurance Information Institute Releases Its 2022 Annual Report

For Immediate Release Contact: Michael Barry, 917-923-8245, [email protected]     NEW YORK, Feb. 2, 2023—The Insurance Information Institute (Triple-I) illustrates in its just-published 2022 Annual Report the organization’s accomplishments during its...

Posted: Feb 01, 2023

Triple-I: Insurance Careers Month Highlights Industry’s Opportunities

For Immediate Release New York Press Office: 917-208-8842, [email protected]   NEW YORK, Jan. 30, 2023—The federal government reports 2.8 million people in the U.S. are employed by the insurance industry and February’s annual celebration of Insurance...

Posted: Jan 29, 2023

Triple-I: Boat Show Attendees Have Coverage Options

For immediate release Michael Barry, 917-923-8245, [email protected]     NEW YORK, Jan. 23, 2023—With boat shows being held this week in Louisville, Houston and New York, the Insurance Information Institute (Triple-I) reminds prospective boat owners t...

Posted: Jan 22, 2023

Triple-I: 2023 Insurer Economic Performance Tied to Broader Trends

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]     NEW YORK, Jan. 19, 2022—The underlying economic growth of U.S. auto, home, and business insurers is likely to increase faster than the rest of the U.S. e...

Posted: Jan 18, 2023