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2020 hurricane forecast updated: 'Extremely active' season expected

The 2020 Atlantic hurricane season activity is projected to be “extremely active,” according to Triple-I non-resident scholar Dr. Phil Klotzbach. Dr. Klotzbach, an atmospheric scientist at Colorado State University (CSU), and his team project that the 2020 Atlantic hurricane season will have 24 named storms—up from 20 in the previous forecast. Video: Updated 2020 Forecast

Catastrophes Coronavirus news and updates
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The Triple-I and The Institutes announce plan to affiliate
Homeowners + Renters Insurance Understanding the insurance claims payment process
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Video: COVID-19 and Business Interruption Insurance

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Homeowners + Renters Insurance How to create a home inventory

In the event of a fire or other disaster, would you be able to remember all your possessions? Having an up-to-date home inventory will help you get your insurance claim settled faster, verify losses for your income tax return and help you purchase the correct amount of insurance. Here's how to create one. Triple-I Video: Hurricane insurance guide 

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Disasters + Preparedness Hurricane season insurance guide
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Wildfire reality check: Tips for protecting your home
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Business Insurance COVID-19 and Business Income (Interruption) Insurance
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Insight + Analysis

Insurance Industry 2020 - Commentary on first quarter financial results

2020 first-quarter data in comparison to both the previous quarter and the first quarters of prior years, gave little hint of the shock that was to follow in 2020’s second quarter. Indeed, for the property/casualty  insurance industry, the first quarter of 2020 generally went well. 

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Legislators advance COVID-19-related bills
Catastrophes Hurricane fact files and market share by state
FACTS + STATISTICS
Now policy language can create dramatic consequences
P/C industry strong, despite surplus drop

I.I.I. Glossary

FIDUCIARY LIABILITY- Legal responsibility of a fiduciary to safeguard assets of beneficiaries. A fiduciary, for example a pension fund manager, is required to manage investments held in trust in the best interest of beneficiaries. Fiduciary liability insurance covers breaches of fiduciary duty such as misstatements or misleading statements, errors and omissions.

SURPLUS- The remainder after an insurer’s liabilities are subtracted from its assets. The financial cushion that protects policyholders in case of unexpectedly high claims. (See Capital, Risk-based capital )

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I.I.I. News Wire

Triple-I: Updated Colorado State University Forecast Says ‘Extremely Active’ 2020 Atlantic Hurricane Season Will Continue

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, Aug. Read More

Triple-I: Isaias Forecast to Become a Strong Category 1 Hurricane, Impacting Florida and Eastern Seaboard

For immediate release Florida Press Office: 904-806-7813, markf@iii.org SAINT JOHNS, Fla., July 31, 2020 – Hurricane Isaias is expected to become a strong Category 1 storm as it approaches South Florida on Saturday and has the potential to cause property damage and flooding… Read More

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Events Calendar

Building Innovation 2020 Conference & Expo
August
16
2020
Virtual edition: Website
NAIC Annual Insurance Summit
September
14
2020
The Insurance Summit is a premier event which brings together innovators and regulators to explore the future of insurance regulation. Location: Kansas City, MO, Website
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