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Media Contact: New York Press Office Loretta Worters 917-208-8842 lorettaw@iii.org MALVERN, Pa., April 17, 2025 – Tariff uncertainty may impact the U.S. property/casualty (P/C) insurance industry, potentially leading to increased costs, economic volatility and changes in underwriting practices. Insurers may face challenges in managing risk, particularly with potential disruptions to supply chains and ultimately replacement costs, according to Dr....
Media Contacts Triple-I: Janet Ruiz, 707-490-9365, janetr@iii.org State Farm: Gina Morss-Fischer, gina.morss-fischer.xbor@statefarm.com SAN DIEGO, April 16, 2025—U.S. insurers paid out $1.57 billion in dog-related injury claims in 2024, according to the Insurance Information Institute (Triple-I) and State Farm. In addition to the potential for physical or emotional harm, dog bites can be financially costly....
Media Contact: Florida Press Office Mark Friedlander 904-806-7813 MarkF@iii.org BATON ROUGE, April 14, 2025 – The Insurance Information Institute (Triple-I) has launched a comprehensive awareness campaign in Baton Rouge, highlighting legal system abuse and its impact on Louisiana’s economy, in conjunction with the start of the Pelican State’s 2025 legislative session....
Media Contact: California Press Office Janet Ruiz 707-490-9365 JanetR@iii.org SAN DIEGO, April 10, 2025 – What will it take for insurers to write more homeowners insurance in the Golden State? The Insurance Information Institute’s (Triple-I) newly published Issues Brief on California’s risk crisis includes detailed information on the causes and what it will take for the market to stabilize....
For Immediate Release Florida Press Office, Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., April 3, 2025 – An above average hurricane season is projected for 2025 in the Atlantic basin, according to a forecast released today by Colorado State University’s (CSU) Department of Atmospheric Science....
For Immediate Release Loretta Worters New York Press Office 917-208-8842 lorettaw@iii.org MALVERN, Pa., March 31, 2025 — The Insurance Information Institute (Triple-I) has published its 2024 Annual Report, Now More Than Ever, highlighting the organization’s accomplishments in an era of uncertainty, evolving risks and rapid market shifts. “Communication is at the heart of what we do....
For Immediate Release: Loretta Worters, 917-208-8842, lorettaw@iii.org MALVERN, Pa., March 25, 2025 – Three-quarters of consumers have had their personal information lost or stolen in some form of cybercrime. Twenty-eight percent of consumers had a social media account hacked. In addition, 23% of consumers had personal information compromised in a data breach, and 14% of consumers experienced an online attack....
Florida Press Office Mark Friedlander MarkF@iii.org 904-806-7813 JACKSONVILLE, Fla., March 4, 2025 – Florida’s legislative reforms to address legal system abuse and claim fraud are stabilizing the state’s property/casualty insurance market, according to a new Issues Brief published by the Insurance Information Institute (Triple-I), an affiliate of The Institutes....
For Immediate Release Loretta Worters New York Press Office 917-208-8842 lorettaw@iii.org MALVERN, Pa., Feb.13, 2025 — A comprehensive tort reform package moving through the Georgia General Assembly is essential to addressing the impacts of legal system abuse on the costs of insurance for consumers and businesses in the Peach State, according to Trends and Insights: Georgia Insurance Affordability, an Issues Brief published by the Insurance Information Institute (Triple-I.) Wi…...
Media Contact: Florida Press Office Mark Friedlander 904-806-7813 MarkF@iii.org MALVERN, Pa., Feb. 11, 2025 – The U.S. workers’ compensation (workers’ comp) insurance industry experienced its second best underwriting result in the past 20 years in 2023 with a net combined ratio of 87, the ninth consecutive year of generating a net underwriting profit, according to a new Issues Brief published by the Insurance Information Institute (Triple-I)....
Media Contact: Florida Press Office Mark Friedlander 904-806-7813 MarkF@iii.org ATLANTA, Feb. 4, 2025 – The Insurance Information Institute (Triple-I) recently launched another comprehensive awareness campaign in Atlanta, raising awareness about the devastating impacts of legal system abuse on Georgia’s economy. This campaign features brick-and-mortar interstate billboards along with complimentary digital scapes in Downtown Atlanta near the I-75/85 connector and the State Capitol....
For Immediate Release New York Press Office: 917-208-8842, lorettaw@iii.org MALVERN, Pa., Jan. 22, 2025 – Legislative reforms made in 2024 are a positive first step toward repairing Louisiana’s insurance market, which has long suffered from excess claims litigation and attorney involvement that drives up costs and, ultimately, premium rates....
For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman.com MALVERN, Pa., Jan. 16, 2025 – The U.S....
Attached are audio recordings in English and Spanish to help provide assistance to insurance consumers who have been impacted by catastrophic wildfires. The message includes: The devastating wildfires in Southern California have damaged thousands of homes, businesses and autos. Insurance companies act as your financial first responders – they are ready to assist customers and pay claims. Contact your insurance company or agent as soon as possible to begin the claim-filing process....
For immediate release West Coast Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org SAN DIEGO, Jan. 9, 2025—California property insurers are acting as financial first responders to help their impacted customers recover from the wildfires devastating the metro Los Angeles area, according to the Insurance Information Institute (Triple-I). This includes providing immediate relief through additional living expenses (ALE) coverage for displaced policyholders....