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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: Tips for protecting your home and Wildfire Safety Month 2024; Facts + Statistics: Wildfires; Triple-I Blog.

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I.I.I. Glossary

CATASTROPHE BONDS- Risk-based securities that pay high interest rates and provide insurance companies with a form of reinsurance to pay losses from a catastrophe such as those caused by a major hurricane. They allow insurance risk to be sold to institutional investors in the form of bonds, thus spreading the risk. (See Securitization of insurance risk) )

LOSS COSTS- The portion of an insurance rate used to cover claims and the costs of adjusting claims. Insurance companies typically determine their rates by estimating their future loss costs and adding a provision for expenses, profit, and contingencies.

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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.
2024 CAS Seminar of Reinsurance
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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