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Triple-I: Lightning caused $1.3 billion In U.S. homeowners claim payouts in 2021

According to Triple-I, more than $1 billion in lightning-caused U.S. homeowners insurance claims were paid out in 2021, with 40 percent of that figure attributable to California alone. See also, Video: Lightning safety week 2022; Blog: Lightning sparks more than $1 billion in homeowners claims over five years.

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Triple-I responds to SEC’s proposed climate-risk disclosure requirements
Distracted driving surges since start of pandemic
Triple-I update: Atlantic hurricane season to have ‘well above-average’ activity
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Other Insurance Topics Social inflation: hard to measure, important to understand
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Disasters + Preparedness How to keep safe during a hurricane

Hurricanes can be violent and dangerous to your family and your home. Before a major storm threatens your community, take steps to secure your home and protect yourself, your loved ones, and your property.

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Commercial Spotlight on: e-scooters and insurance
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Disasters + Preparedness Tornado facts and safety
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Catastrophes Facts + Statistics: Wildfires
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Life Insurance Tips for finding a lost life insurance policy
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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.

Litigation-funding law found lacking in transparency department
A push for better building codes as catastrophe losses mount
Triple-I/Milliman see loss pressures in P/C industry continuing
About the Industry Triple-I Issues Briefs: State of the risk; Trends and Insights
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I.I.I. Glossary

BOND- A security that obligates the issuer to pay interest at specified intervals and to repay the principal amount of the loan at maturity. In insurance, a form of suretyship. Bonds of various types guarantee a payment or a reimbursement for financial losses resulting from dishonesty, failure to perform and other acts.

PREMIUM- The price of an insurance policy, typically charged annually or semiannually. (See Direct premiums, Earned premium, Unearned premium )

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I.I.I. News Wire

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

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org      ST. Read More

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

  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. Read More

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Events Calendar

NAMIC Meeting Conference
June
26
2022
NAMIC will hold a hybrid Management Meeting June 26-29 in Carlsbad, California for CEOs, Senior Executives and Future Leaders. Checkout the website.
114th PAMIC Annual Convention
August
01
2022
PAMIC’s annual convention will be held in person August 1th-3rd at Hotel Hershey in Hershey, PA. Checkout website.
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