Workers Compensation

The workers compensation insurance industry experienced its third best underwriting result in the past twenty years in 2024 with a net combined ratio of 87.8. It was the tenth year in a row of net underwriting profit following eight years of a net combined ratio over 100. In comparison, workers comp has outperformed the combined property and casualty insurance industry in net combined ratio each year since 2015.

(As of February 25, 2026)

Hurricanes

With no U.S. landfalls for the first time in a decade, the 2025 Atlantic hurricane season still generated deadly tropical storms and above-average days of major hurricane activity, underscoring the need for community preparedness. Though the season produced fewer storms than expected, four of the five hurricanes reached Category 3 or higher. Three were Category 5 – only the second year on record that more than two Category 5 storms occurred in the Atlantic.

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Several forces – including construction costs that outpace inflation, growing natural catastrophe exposure, and more costly reinsurance – are converging to put upward pressure on property/casualty insurance premium rates across the United States.

Guiding Principles for Triple-I Insurance Economics

Triple-I Insurance Economics and Data Analytics is the go-to-destination for data-driven insight into the relationship between economics and insurance performance. Led by our Chief Economist and Data Scientist, Dr. Michel Léonard, CBE, the practice aims to provide Triple-I members, industry stakeholders, and the general public a one-stop resource for property/casualty (P/C) data-driven insight including:

Legalized Fraud in America

Legal system abuse is a pervasive problem in the United States, with far—reaching implications for consumers and companies. It occurs when some people use the legal system in unscrupulous ways—for their own personal (often monetary) gain rather than for the fair resolution of disputes. Sometimes these activities involve using legal loopholes and sometimes they involve direct fraud. Nonetheless, this behavior can lead to higher costs for insurers and for policyholders in the form of increased insurance premiums and fewer coverage options.