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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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How to keep your July 4th celebration safe and fun

Fireworks, flag flying, parades, and pool parties are all part of the tradition and fun associated with the Fourth of July. Partygoers, to avoid injuries, are urged to be cautious when taking part in any festivities.

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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.


I.I.I. Glossary

INSOLVENCY- Insurer’s inability to pay debts. Insurance insolvency standards and the regulatory actions taken vary from state to state. When regulators deem an insurance company is in danger of becoming insolvent, they can take one of three actions: place a company in conservatorship or rehabilitation if the company can be saved or liquidation if salvage is deemed impossible. The difference between the first two options is one of degree – regulators guide companies in conservatorship but direct those in rehabilitation. Typically the first sign of problems is inability to pass the financial tests regulators administer as a routine procedure. (See Liquidation, Risk-based capital )

ACCIDENT AND HEALTH INSURANCE- Coverage for accidental injury, accidental death, and related health expenses. Benefits will pay for preventative services, medical expenses and catastrophic care, with limits.

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Thought Leadership

I.I.I. News Wire

Triple-I: Consider Safety When Celebrating July 4

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org     NEW YORK, June 30, 2022– Independence Day often means fireworks, barbeques, and poolside parties yet these holiday celebrations create risks which need to be managed, according to the… Read More

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

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Events Calendar

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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