Insurance: The Basics

Hurricane insurance FAQ: What your insurance does—and does not—cover

In the aftermath of a hurricane or natural disaster, policyholders may have questions about the insurance process, including what is covered and what isn’t. Here are some answers to many of these common questions.

2020 - Commentary on first quarter financial results

2020 first-quarter data in comparison to both the previous quarter and the first quarters of prior years, gave little hint of the shock that was to follow in 2020’s second quarter. Indeed, for the property/casualty (P/C) insurance industry, the first quarter of 2020 generally went well. Although there were some bumps in the road—policyholders’ surplus fell by $75 billion, or -9.0 percent, from the 2019 year-end level—most measures of financial results (premiums, underwriting results, investments, surplus level in relation to net written premiums, and profitability) were positive. The industry results were released by ISO, a Verisk Analytics company, and the American Property Casualty Insurance Association (APCIA). A discussion of the key drivers of the quarter’s performance follows.

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property and casualty insurance

economy

economics

Global Macro And Insurance Outlook

The Insurance Information Institute's Global Macro and Insurance Outlook was written by Dr. Michel Leonard, CBE, vice president and senior economist. Before offering an assessment of the Global Insurance Outlook, Dr. Léonard’s report gives a Global Macro overview of the variables which impact all economies: Growth & Inflation, Monetary & Fiscal Policy, and Political Risks.

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COVID-19 and Business Income (Interruption) Insurance

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Triple-I’s CEO Briefs U.S. House On Business Interruption Coverage

Insurance Information Institute CEO Sean Kevelighan participated on a business interruption insurance panel organized by the U.S. House of Representatives on May 21, 2020. The virtual session, hosted by the Innovation and Workforce Subcommittee of the House Committee on Small Business, was webcast on YouTube: Webcast.

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Building Resilient Businesses and Communities in the Time of COVID-19 Webinar

Participants’ Bios

Michel Léonard, PhD, CBE (michell@iii.org)

Vice President & Senior Economist, The Insurance Information Institute

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Business Income (Interruption) Insurance: Key Facts

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Global Macro And Insurance Outlook

The Insurance Information Institute's (Triple-I) Global Macro and Insurance Outlook was written by Dr. Michel Leonard, CBE, vice president and senior economist.

The Triple-I's Global Macro and Insurance Outlook notes the following key points in the report:

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Consumer indifference is still a challenge for personal cyber insurers

Only about one in 10 connected Americans say they have insurance to help them recover from a cyberattack. And close to half do not know whether they have this protection, according to the Insurance Information Institute and J.D. Power 2020 Consumer Cyber Insurance and Security Spotlight Survey℠. Because of consumer confusion about their current cyber coverage, and the persistent idea that consumers are unwilling to pay more, insurers are faced with a challenge.

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Fighting wildfires with innovation

The 2017 and 2018 wildfire seasons were a catastrophic shock to communities, legislators, and insurance companies. This was most evident in California, which suffered the largest and most destructive wildfires in state history. The aftermath of these disasters has led to the question of whether catastrophic wildfires will be the new normal for California and other fire-prone states and, if so, what can be done to mitigate them?

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