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For Immediate Release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org TAMPA, Fla., March 30, 2023—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) is one of three panelists on tomorrow’s (March 31) Premier Panel at the Claims and Litigation Management (CLM) Alliance’s annual conference....
For Immediate Release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 30, 2023—Slow underlying growth and inflation are among the biggest challenges facing U.S. auto, home, and business insurers, according to the Insurance Information Institute’s (Triple-I’s) Q1 2023 Economic Outlook. The Outlook’s key takeaways are below: Property/casualty (P/C) insurance, a category which includes U.S....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 29, 2023—Laura Favinger, chief of staff at the Insurance Information Institute (Triple-I), is retiring this week after a distinguished 30-plus year career in the insurance industry, the Triple-I announced today....
For immediate release Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 28, 2023—Louisiana’s insurers paid out more than $23 billion after the 2020 and 2021 hurricane seasons, driving a number of them into insolvency, according to an Issues Brief released today by the Insurance Information Institute (Triple-I)....
For Immediate Release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 22, 2023—Reporters covering today’s U.S. Senate hearing, Risky Business: How Climate Change is Changing Insurance Markets, are encouraged to contact the Insurance Information Institute (Triple-I) for interviews and analysis. “Insurers are taking a responsible approach toward promoting a more sustainable and resilient environment and economy....
For Immediate Release Contact: Loretta Worters, Insurance Information Institute (Triple-I), 917-208-8842; lorettaw@iii.org NEW YORK, March 21, 2023—Group captive insurance can be a source of value for certain companies in these inflationary times. A form of self-insurance for organizations with specific attributes, a group captive can help lower the costs and improve cash flow for certain risks, with the added benefit of returning unused loss funds and income to members…...
For immediate release Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 16, 2023—Spring is the right time to review a residence’s homeowners insurance policy given the unpredictable weather the season usually brings, according to the Insurance Information Institute (Triple-I)....
For Immediate Release Contact: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 6, 2023—U.S. commercial auto insurance liability claim payouts increased $30 billion more than would otherwise have been expected between 2012 and 2021 due in part to social inflation, according to an updated paper published today by the Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS)....
For Immediate Release Contact: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., Feb. 16, 2023—A new Florida law and proposals announced this week have the potential to reduce the cost of homeowners insurance in the state, according to a just-released Issues Brief from the Insurance Information Institute (Triple-I)....
Contact: Loretta Worters, Insurance Information Institute (Triple-I), 917-208-8842; lorettaw@iii.org NEW YORK, Feb. 9, 2023—U.S. auto and homeowners insurance premium rates lagged behind the inflation rate in 2020 and 2021, laying the groundwork for the premium increases which occurred last year and will continue into 2023, according to the Insurance Information Institute (Triple-I)....
For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman NEW YORK – Feb. 7, 2023 – The 2022 combined ratio for the property/casualty insurance industry is forecast to be 105.8, a worsening of 6.3 points from 2021....
For Immediate Release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org SAN DIEGO, Feb. 6, 2023—The Insurance Information Institute’s (Triple-I) California market expert is moderating a keynote session at the Wildfire Resilient Structures (WiRes) Conference and Tradeshow on Thursday, Feb. 9, in San Diego, Triple-I announced today....
For Immediate Release Contact: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Feb. 2, 2023—The Insurance Information Institute (Triple-I) illustrates in its just-published 2022 Annual Report the organization’s accomplishments during its second full year as an affiliate of The Institutes....
For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org NEW YORK, Jan. 30, 2023—The federal government reports 2.8 million people in the U.S....
For immediate release Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Jan. 23, 2023—With boat shows being held this week in Louisville, Houston and New York, the Insurance Information Institute (Triple-I) reminds prospective boat owners to secure the right type and amount of coverage when buying a recreational vessel....
For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org NEW YORK, Jan. 19, 2022—The underlying economic growth of U.S. auto, home, and business insurers is likely to increase faster than the rest of the U.S. economy in 2023, according to the Insurance Information Institute’s (Triple-I) just-released Insurance Economic Outlook....
For immediate release West Coast Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org SAN FRANCISCO, Jan....