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Insurers Taking Steps to Reduce Flood Risks Worldwide, Triple-I Report Finds
September 22, 2022

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org LAS VEGAS, Sept. 22, 2022—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 Insurance Information Institute (Triple-I) stated....

Triple-I: Risk-Based Pricing Results in Competitive Markets
September 13, 2022

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

Triple-I CEO Moderating Sept. 22 Panel on Flood Risk Mitigation
September 08, 2022

Contact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, michaelb@iii.org NEW YORK, Sept. 8, 2022—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), is moderating a panel featuring four industry experts on Thursday, Sept. 22, as part of the InsureTech Connect 2022 conference....

Triple-I: Life Expectancy Decline Highlights Need for Life Insurance; Americans are Living Riskier
September 01, 2022

For immediate release  Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, Sept. 1, 2022—U.S. life expectancy at birth dropped in 2021 to its lowest level since 1996 according to new federal data released this week, another reason Americans without life insurance should consider purchasing this coverage, according to the Insurance Information Institute (Triple-I)....

Inflation, Supply Chain Disruption and Political Risk Impacting Personal Auto; Loss Pressures, Hard P&C Market Expected to Continue Due to Inflation, New Triple-I/Milliman Report Shows
August 11, 2022

For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman       NEW YORK – Aug. 11, 2022 – The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line....

Triple-I: Florida’s Homeowners Insurers Are Facing Multiple Crises
August 09, 2022

For immediate release Mark Friedlander, Triple-I, 904-806-7813, markf@iii.org     ST. JOHNS, Fla., Aug. 9, 2022—The turmoil in Florida’s homeowners insurance market is being caused primarily by the state’s outsized number of lawsuits and its commonplace fraud schemes, according to an Issues Brief published today by the Insurance Information Institute (Triple-I)....

Triple-I: Fewer Storms Forecast, but ‘Above-Average’ Hurricane Activity Expected
August 04, 2022

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org     ST. JOHNS, Fla., Aug. 4, 2022—An updated 2022 Atlantic hurricane season forecast released today by Colorado State University (CSU) slightly reduced the projected number of named storms, hurricanes and major hurricanes while still envisioning an “above-average” level of tropical cyclone activity this season....

Triple-I Appoints Sondra Fry Benoudiz to Oversee Membership
July 28, 2022

  For Immediate Release: Michael Barry, 917-923-8245, michaelb@iii.org     ARLINGTON, Va., July 28, 2022—Sondra Fry Benoudiz has been named Head of Member Experience & Business Development at the Insurance Information Institute (Triple-I) and started this week in the newly-created role.   “Sondra Fry Benoudiz brings decades of proven association management experience to the Insurance Information Institute....

Triple-I: Investors Fund Lawsuits Without Disclosing Their Role
July 27, 2022

For Immediate Release Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, July 27, 2022—Investors with no stake in a lawsuit beyond wanting to profit from its outcome are contributing to the growth of insurer legal costs and settlement payouts, according to a new report from the Insurance Information Institute (Triple-I)....

Triple-I: Population Growth Drives Hurricane Loss Trends
July 14, 2022

For immediate release  New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, July 14, 2022—Florida, South Carolina, Georgia, and Delaware saw population growth in the 2010s that dramatically expanded the property damage a hurricane could cause in those states, according to a new Insurance Information Institute (Triple-I) Issues Brief....

Triple-I: Consider Safety When Celebrating July 4
June 30, 2022

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org     NEW YORK, June 30, 2022– Independence Day often means fireworks, barbeques, and poolside parties yet these holiday celebrations create risks which need to be managed, according to the Insurance Information Institute (Triple-I).    Triple-I identified four activities which peak during the summer and highlighted the safety and insurance issues they raise as the u…...

Triple-I: Extreme Fraud and Litigation Causing Florida’s Homeowners Insurance Market’s Demise
June 23, 2022

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org      ST. JOHNS, Fla., June 23, 2022—With its overabundance of unneeded new roofs on homes, and flashy lawyer billboards at every turn claiming massive settlements on claims, Florida’s insurance market is on the verge of failure....

Triple-I: Lightning Caused $1.3 Billion In U.S. Homeowners Claim Payouts In 2021; Supply Chain Issues Exacerbate Losses
June 21, 2022

  FOR IMMEDIATE RELEASE New York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org      NEW YORK, June 21, 2022—More than $1 billion in lightning-caused U.S....

U.S. Insurers Lead Way on Climate-Related Disclosures, Triple-I Tells SEC
June 17, 2022

For immediate release Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, June 17, 2022—Creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures U.S. insurers make to investors, the Insurance Information Institute (Triple-I) said in a letter sent today to the U.S. Securities and Exchange Commission (SEC)....

Triple-I Update: Atlantic Hurricane Season to Have ‘Well Above-Average’ Activity
June 02, 2022

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org     ST. JOHNS, Fla., June 2, 2022—An updated 2022 Atlantic hurricane season forecast released today by Colorado State University (CSU) envisions a “well above-average” level of tropical cyclone activity between June and November....

Triple-I Can Discuss Insurance Coverage for Severe Weather Events
June 01, 2022

  For immediate release Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, June 1, 2022—Reporters covering the severe weather impacting multiple U.S....

Triple-I Offers Tips to Homeowners Seeking a Reputable Contractor
May 20, 2022

FOR IMMEDIATE RELEASE New York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org  NEW YORK, May 20, 2022 —To highlight how homeowners can protect themselves from unethical contractors, the Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking Contractor Fraud Awareness Week (May 23-27)....

Triple-I Joining May 19 Panel on Fla.’s Property Insurance Market
May 17, 2022

For immediate release  New York Press Office: Michael Barry, 917, 923-8245, michaelb@iii.org   St. JOHNS, Fla., May 17, 2022—The Insurance Information Institute’s (Triple-I) Mark Friedlander will join two other industry experts to discuss on Thursday, May 19, at 2 p.m., ET, the state of Florida’s property insurance market....

Expect Loss Pressures to Continue in the P&C Industry Due to Inflation, Supply Chain and Riskier Driving Behavior, New Triple-I/Milliman Report Shows
May 12, 2022

For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman   NEW YORK, May 12, 2022—The property/casualty insurance industry saw the 2021 net combined ratio increase to 99.5, 0.8 points higher than 2020, driven by deterioration in the personal auto and, to a lesser extent, the workers compensation lines.  Homeowners, Commercial Auto, Commercial Multi-Peril and General Liability were the product lines with sig…...

Triple-I: New Mexico’s Wildfires Highlight Need for Preparedness
May 10, 2022

For immediate release  Western Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org       NEW YORK, May 10, 2022—President Joseph Biden’s approval last week of a major disaster declaration for New Mexico gave new urgency to the importance of May’s Wildfire Awareness month, according to the Insurance Information Institute (Triple-I).   “The U.S....

Triple-I Video: Businesses Must Take Steps to Mitigate Their Cyber Risks
May 04, 2022

FOR IMMEDIATE RELEASE New York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org      NEW YORK, May 4, 2022 —Cyber insurance provides robust financial protection to businesses if they incur a data breach and is an essential part of any risk management plan, according to a video released today by the Insurance Information Institute (Triple-I)   Cyberattacks and data breach-caused losses are the top risks facing businesses, a global survey of company directors…...

Triple-I to Mark Hurricane Preparedness Week (May 1-7)
April 28, 2022

For immediate release  Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org    ST. JOHNS, Fla., April 28, 2022 – The start of what is forecast to be another “above-normal” Atlantic hurricane season is weeks away and the Insurance Information Institute (Triple-I) is recommending homeowners, condo owners, renters and business owners prepare now.   “The U.S....

Triple-I: Wildfire Evacuees Should Review Their Insurance Coverage
April 26, 2022

  For immediate release  Western Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org       NEW YORK, April 26, 2022—Wildfire evacuees in Arizona, Colorado, Nebraska and New Mexico who are either displaced or returning home should review their homeowners and renters insurance policies and file a claim if they incurred fire-caused property damage, according to the Insurance Information Institute (Triple-I).     “Insurers are the nation’s financial fi…...

Triple-I CEO’s April 19 Panel to Examine Climate Risk and Resilience
April 18, 2022

  For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org   NEW YORK, April 18, 2022—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) is one of three panelists convening virtually on Tuesday, April 19, at 12 p.m. ET for a webinar on climate risk and resilience....

Triple-I: U.S. Home Insurers Paid Out Nearly $900M in Dog-Related Claims in 2021
April 12, 2022

FOR IMMEDIATE RELEASE New York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org    NEW YORK, April 12, 2022 — Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to the Insurance Information Institute (Triple-I) and State Farm, the largest writer of homeowners insurance in the U.S....

National Dog Bite Prevention Week Kicks Off with Facebook Live Event Today
April 11, 2022

FOR IMMEDIATE RELEASE  Triple-I’s California Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org      Media Advisory:      SAN FRANCISCO, Calif., April 11, 2022—The Insurance Information Institute (Triple-I) will participate in a Facebook Live event on Monday, April 11, 2022, at 2:30 p.m., ET, to discuss the pandemic’s impact on pets and how to reduce dog biting incidents....

Triple-I: 2022 Atlantic Hurricane Season Forecast to be ‘Above-Normal’
April 07, 2022

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org     ST. JOHNS, Fla., April 7, 2022 – An above-normal level of tropical cyclone activity is projected for 2022 in the Atlantic basin, according to a forecast released today by Colorado State University’s (CSU) Department of Atmospheric Science....

Americans Over 50 Drive Economic Growth, AARP and Triple-I Agree
March 29, 2022

For immediate releaseNew York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org   NEW YORK, March 29, 2022— Americans aged 50-plus play a significant role in the U.S. economy as workers and consumers yet their collective impact is often overlooked, according to AARP and the Insurance Information Institute (Triple-I).Dr....

Triple-I Can Discuss Deadly Tornadoes’ Insurance Implications
March 23, 2022

For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, March 23, 2022—Reporters covering the aftermath of the deadly tornadoes which impacted multiple U.S....

Triple-I Headlining March 22-23 Forums on Rising Litigation Costs
March 21, 2022

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, March 21, 2022—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) and Dale Porfilio, Chief Insurance Officer, Triple-I, are speaking at separate events this week to explain how rising litigation costs are adversely impacting insurance markets....

Triple-I: Spring Is Ideal Time to Review Home Insurance Coverage
March 16, 2022

For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, March 16, 2022—The first few days of spring are a good time for homeowners to review their insurance policy’s coverages given the severe weather the season usually brings, according to the Insurance Information Institute (Triple-I).“As a homeowner, the best place to start your insurance review process is by reading the declarations page of your policy,” said …...

Triple-I: U.S. Auto Insurers Seeing More Accidents, Higher Costs
March 03, 2022

For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, March 3, 2022—Personal auto insurance premiums have returned to pre-pandemic levels and existing trends are putting upward pressure on rates, according to the Insurance Information Institute (Triple-I).“Auto insurers are seeing the frequency and severity of automobile accidents rise quickly as drivers return to the nation’s roadways,” said Sean Kevelighan, CEO, Tr…...

USAA’s Jennifer Kyung Elected Triple-I Committee Chair
March 01, 2022

For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, March 1, 2022 –Jennifer Kyung, Property & Casualty (P&C) Chief Underwriter, USAA, has been elected to a two-year term as chairwoman of the Insurance Information Institute’s (Triple-I) Executive Leadership Committee (ELC).“The first woman ever to hold this post, Jennifer Kyung brings to the position more than 25 years of insurance industry experience and ha…...

Triple-I Speaking at National Legislative Conference on March 4-5
February 28, 2022

For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Feb. 28, 2022—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) and Dr....

Inflation, Supply Chain and Riskier Insured Behavior Putting Pressure on Rates, Profitability, New Triple-I/Milliman Report Shows
February 15, 2022

For immediate releaseTriple-I: Loretta Worters, lorettaw@iii.orgMilliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman   NEW YORK, Feb....

Media Advisory: Triple-I Can Discuss Auto Insurance Cost Drivers
February 11, 2022

For immediate release Contact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, michaelb@iii.org   NEW YORK, Feb. 11, 2022—Reporters covering the cost drivers impacting the U.S. auto insurance market can contact the Insurance Information Institute (Triple-I) for interviews, data, and analysis. The U.S....

Litigation Is Driving Up U.S. Commercial Auto Insurance Costs, Study Finds
February 08, 2022

For immediate releaseContact: Loretta Worters, Insurance Information Institute (Triple-I), 917-208-8842, lorettaw@iii.org     NEW YORK, Feb....

Insurance Information Institute Releases Its 2021 Annual Report
February 07, 2022

For immediate releaseContact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, michaelb@iii.org   NEW YORK, Feb....

Triple-I: U.S. Homeowners Insurers Face Economic Headwinds
February 03, 2022

For immediate releaseContact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245   NEW YORK, Feb. 3, 2022—U.S....

Triple-I Names Wildfire Expert as Its Newest Non-Resident Scholar
February 02, 2022

For immediate releaseContact: Janet Ruiz, Insurance Information Institute (Triple-I), 707-490-9365,janetr@iii.org    SAN JOSE, Calif., Feb. 2, 2022—Dr. Craig Clements, a Professor of Meteorology at California’s San José State University (SJSU) and the Director of SJSU’s Wildfire Interdisciplinary Research Center, has been appointed a non-resident scholar at the Insurance Information Institute (Triple-I).“The Triple-I is excited to have Dr....

Triple-I and HBCU Impact® Partner to Recruit Black Talent Nationwide
January 31, 2022

For immediate releaseContact: Scott Holeman, Insurance Information Institute (Triple-I), 785-760-3777, scotth@iii.org   NEW YORK, Jan. 31, 2022—The Insurance Information Institute (Triple-I) and the HBCU I.M.P.A.C.T....

Triple-I Provides Six Ways to Minimize Winter Weather Risks
January 07, 2022

For immediate release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org   NEW YORK, Jan. 7, 2022—The 2022 Old Farmer’s Almanac envisioned a Season of Shivers for parts of the U.S. this winter and the year’s first week has delivered them along with snowfall, according to the Insurance Information Institute (Triple-I)....

Media Advisory: Triple-I Can Brief Reporters on Colorado Wildfires
January 03, 2022

Contact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, michaelb@iii.org NEW YORK, Jan. 3, 2022—Reporters covering the aftermath of Colorado’s wildfires can contact the Insurance Information Institute (Triple-I) for interviews and analysis. The Boulder County Disaster Assistance Center opened today to serve people impacted by the Marshall Fire. It is situated at the Boulder County Southeast County Hub, 1755 South Public Road, Lafayette, Colo....