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US P/C industry 2023 underwriting performance improved, but personal lines continue to drag

The U.S. P/C industry posted its second consecutive year of underwriting losses, driven primarily by personal lines, according to the latest industry underwriting projections by actuaries at the Triple-I/Milliman. See also: Triple-I Blog

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Disasters + Preparedness Insurance for wildfires

If you live in a wildfire-prone area, it's important to review your insurance coverage and to know how to protect your home and yourself financially. Triple-I offers guidance on how to prepare. See also, Videos: Wildfire reality check: Tips for protecting your home  and Wildfire Safety Month 2024; Facts + Statistics: Wildfires.

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I.I.I. Glossary

SURPLUS LINES- Property/casualty insurance coverage that isn’t available from insurers licensed in the state, called admitted companies, and must be purchased from a non-admitted carrier. Examples include risks of an unusual nature that require greater flexibility in policy terms and conditions than exist in standard forms or where the highest rates allowed by state regulators are considered inadequate by admitted companies. Laws governing surplus lines vary by state.

MANUAL- A book published by an insurance or bonding company or a rating association or bureau that gives rates, classifications, and underwriting rules.

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I.I.I. News Wire

Triple-I and NICB Join Up to Help Consumers Fight Contractor Fraud

NEW YORK, May 20, 2024 --The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking this week (May 20-24, 2024) as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselves from dishonest contractors. Read More

US P/C Industry 2023 Underwriting Performance Improved, but Personal Lines Continue to Drag, New Triple-I/Milliman Report Shows

For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman.com   NEW YORK, MAY 14, 2024 – The U.S. Read More

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IASA 2024 Xchange & OnPOINT
June
02
2024
Join IASA 2024 Xchange & OnPOINT for their annual conference and tradeshow for professionals in the insurance-accounting, finance, and IT industry. It will be held June 2–5, 2024 in Pittsburgh, PA. Checkout event website.
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June
03
2024
Join 2024 CAS Seminar of Reinsurance which is being held June 3 in Boston, MA. Checkout event website.
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