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Insurers taking steps to reduce flood risks worldwide, Triple-I report finds

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 Triple-I stated. See also Blog: Data technology, collaboration will be key to closing flood protection gap, report says.

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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.


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I.I.I. Glossary

BEACH AND WINDSTORM PLANS- State-sponsored insurance pools that sell property coverage for the peril of windstorm to people unable to buy it in the voluntary market because of their high exposure to risk. Seven states (AL, FL, LA, MS, NC, SC, TX) offer these plans to cover residential and commercial properties against hurricanes and other windstorms. Georgia and New York provide this kind of coverage for windstorm and hail in certain coastal communities through other property pools. Insurance companies that sell property insurance in the state are required to participate in these plans. Insurers share in profits and losses. (See Fair access to insurance requirements plans / FAIR plans, Residual market )

ANNUITY- A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitant’s lifetime. There are two basic types of annuities: deferred and immediate. Deferred annuities allow assets to grow tax-deferred over time before being converted to payments to the annuitant. Immediate annuities allow payments to begin within about a year of purchase.

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

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org LAS VEGAS, Sept. Read More

Triple-I: Risk-Based Pricing Results in Competitive Markets

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

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Events Calendar

Diversity in insurance: Attracting, recruiting, and retaining a diverse workforce
September
27
2022
Triple-I CEO Sean Kevelighan will be presenting on the Future of Risk panel. Checkout event website.
2022 State Insurance Trade Associations (SITA)
September
30
2022
Triple-I Chief Insurance Officer Dale Porfilio will be speaking at 2022 State Insurance Trade Associations (SITA) Conference on Friday, Sept. 30, in Atlantic City, NJ. Checkout event website.
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