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Insurers taking steps to reduce flood risks worldwide, Triple-I report finds

Flood events cause widespread damage worldwide each year, yet insurers need partners to reduce the threat flooding poses to life and property, a report released today by the Triple-I stated. See also Blog: Data technology, collaboration will be key to closing flood protection gap, report says.

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Insight + Analysis

Triple-I and HBCU Impact® partner to recruit Black talent nationwide

The Triple-I and the HBCU I.M.P.A.C.T. Initiative, Inc.® announced a partnership and a career-building campaign aimed at recruiting students at historically Black colleges and universities (HBCUs) to the insurance industry. See also Video: Insuring Success - Premium Careers. Endless Opportunities. View more videos on Insuring Success.


I.I.I. Glossary

DIMINUTION OF VALUE- The idea that a vehicle loses value after it has been damaged in an accident and repaired.

FACULTATIVE REINSURANCE- A reinsurance policy that provides an insurer with coverage for specific individual risks that are unusual or so large that they aren’t covered in the insurance company’s reinsurance treaties. This can include policies for jumbo jets or oil rigs. Reinsurers have no obligation to take on facultative reinsurance, but can assess each risk individually. By contrast, under treaty reinsurance, the reinsurer agrees to assume a certain percentage of entire classes of business, such as various kinds of auto, up to preset limits.

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I.I.I. News Wire

Insurers Taking Steps to Reduce Flood Risks Worldwide, Triple-I Report Finds

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org LAS VEGAS, Sept. Read More

Triple-I: Risk-Based Pricing Results in Competitive Markets

For immediate release Contact: Loretta Worters Insurance Information Institute (Triple-I), 917-208-8842, lorettaw@iii.org NEW YORK, Sept. Read More

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Events Calendar

Diversity in insurance: Attracting, recruiting, and retaining a diverse workforce
Triple-I CEO Sean Kevelighan will be presenting on the Future of Risk panel. Checkout event website.
2022 State Insurance Trade Associations (SITA)
Triple-I Chief Insurance Officer Dale Porfilio will be speaking at 2022 State Insurance Trade Associations (SITA) Conference on Friday, Sept. 30, in Atlantic City, NJ. Checkout event website.
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