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Legal System Abuse Adding to Increasing Auto Insurance Costs, Creating A New Asset Class of Investors Betting on Litigation
February 27, 2024

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org     NEW YORK, Feb. 27, 2024—The Insurance Information Institute (Triple-I), the trusted source for data driven insights on risk and insurance, today released its latest issues brief highlighting how excessive litigation is compounding a years-long problem of rising auto insurance costs....

Triple-I Offers Reminders on Insurance Claim Filings for Consumers Impacted by California Atmospheric River Damages
February 09, 2024

For immediate release West Coast Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org    SAN FRANCISCO, Feb....

Cyber Insurance Market Growing Dramatically, Triple-I Finds
February 07, 2024

For Immediate Release  Contact: Michael Barry, 917-923-8245, michaelb@iii.org    NEW YORK, Feb. 7, 2024—Direct written premiums for cyber insurance worldwide could rise to $23 billion by 2025, with U.S. businesses paying about 56% of the total, according to the Insurance Information Institute’s (Triple-I) latest Issues Brief, published today.   “Two primary factors may be at work,” stated Triple-I’s Cyber Insurance: State of the Risk, when explaining the trend....

Insurance Information Institute Releases Its 2023 Annual Report
January 31, 2024

For Immediate Release Contact: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Jan. 31, 2024—The Insurance Information Institute (Triple-I) released today its 2023 Annual Report, highlighting the organization’s accomplishments in a year when the U.S. saw a record number of weather and climate disasters causing at least $1 billion in damages.   “Climate risks are being given additional media attention, yet insurance is increasingly entering into the discussion....

Commercial Lines Continue to Perform Better Than Personal, Though Overall Underwriting Loss Persists, New Triple-I/Milliman Report Shows
January 30, 2024

For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman.com     NEW YORK, Jan. 30, 2024 –The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7, outperforming personal lines at 109.9. Record levels of severe convective storm losses are the single biggest driver of the overall adverse results....

Triple-I Joins Industry in Marking February’s Insurance Careers Month
January 25, 2024

For Immediate Release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, Jan....

Cellphone Use Is Biggest Cause of Distracted Driving, Triple-I Report Finds
January 22, 2024

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org      NEW YORK, Jan. 22, 2024—Cellphone use by individuals operating a motor vehicle continues to be the largest contributor to distracted driving in the U.S., according to the latest Issues Brief from the Insurance Information Institute (Triple-I)....