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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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Triple-I stresses preparedness for ‘very active’ 2024 Atlantic hurricane season
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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 reality check: Tips for protecting your home  and Wildfire Safety Month 2024; Facts + Statistics: Wildfires.

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Disasters + Preparedness Recovering from a tornado
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HBCU IMPACT: Bridging the insurance talent gap

To amplify the Triple-I commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT®, whose mission is to increase the number of Black professionals in the insurance, risk management, financial services, and legal industries. View videos: HBCU Impact.

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Triple-I/Milliman: Personal lines drag on underwriting profitability continues
About the Industry Triple-I Issues Briefs: State of the risk; Trends and Insights
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I.I.I. Glossary

RISK MANAGEMENT- Management of the varied risks to which a business firm or association might be subject. It includes analyzing all exposures to gauge the likelihood of loss and choosing options to better manage or minimize loss. These options typically include reducing and eliminating the risk with safety measures, buying insurance, and self-insurance.

ANNUITY BENEFICIARY- In certain types of annuities, a person who receives annuity contract payments if the annuity owner or annuitant dies while payments are still due.

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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

Triple-I: Current Slowdown in US P/C Replacement Costs Likely Short-Lived; May Grow Faster Than Overall Inflation by 2026

For immediate release  New York Press Office, Loretta Worters 917-923-8245, lorettaw@iii.org      NEW YORK, May 9, 2024 –  U.S. Read More

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Events Calendar

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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