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Triple-I: Workers’ comp continues strong trend of underwriting profitability

The U.S. workers’ compensation (workers’ comp) insurance industry experienced its second best underwriting result in the past 20 years in 2023 with a net combined ratio of 87, the ninth consecutive year of generating a net underwriting profit, according to a new Issues Brief published by the Triple-I.

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Disasters + Preparedness Wildfires: insurance and recovery resources

Following a wildfire or other disaster, getting back to normal can take some time. To assist in the recovery process, the Triple-I has compiled useful information around post-disaster safety, insurance coverage questions, and detailed guidance on how to file a claim. See also, Facts + Statistics: Wildfires and When disaster strikes: preparation, response and recovery for your business.

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HBCU IMPACT: Bridging the insurance talent gap

To amplify the Triple-I commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT®, whose mission is to increase the number of Black professionals in the insurance, risk management, financial services, and legal industries. View videos: HBCU Impact.


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I.I.I. Glossary

INCURRED BUT NOT REPORTED LOSSES / IBNR- Losses that are not filed with the insurer or reinsurer until years after the policy is sold. Some liability claims may be filed long after the event that caused the injury to occur. Asbestos-related diseases, for example, do not show up until decades after the exposure. IBNR also refers to estimates made about claims already reported but where the full extent of the injury is not yet known, such as a workers compensation claim where the degree to which work-related injuries prevents a worker from earning what he or she earned before the injury unfolds over time. Insurance companies regularly adjust reserves for such losses as new information becomes available.

PROPERTY/CASUALTY INSURANCE- Covers damage to or loss of policyholders’ property and legal liability for damages caused to other people or their property. Property/casualty insurance, which includes auto, homeowners and commercial insurance, is one segment of the insurance industry. The other sector is life/health. Outside the United States, property/casualty insurance is referred to as nonlife or general insurance.

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Triple-I: Workers’ Comp Continues Strong Trend of Underwriting Profitability

Media Contact: Florida Press Office Mark Friedlander 904-806-7813 MarkF@iii.org     MALVERN, Pa., Feb. 11, 2025 – The U.S. Read More

Triple-I Launches its 2025 Campaign Raising Awareness for Legal System Abuse Reform in Georgia

Media Contact: Florida Press Office Mark Friedlander 904-806-7813 MarkF@iii.org   ATLANTA, Feb. Read More

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Events Calendar

In2Leadership
April
29
2025
Triple-I Chief Insurance Officer Dale Porfilio will presenting at the CPCU's In2Leadership conference April 29–30, 2025 in Westin Peachtree Plaza, Atlanta. Checkout event website.
RISKWORLD 2025
May
04
2025
Join RIMS at the RISKWORLD conference from May 4-7, 2025 in Chicago, IL. Checkout event website.
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