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James Lynch, Triple-I’s Chief Actuary, To Retire in Late May 2021
April 20, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, April 20, 2021—James Lynch, the Chief Actuary and Senior Vice President, Research and Education, at the Insurance Information Institute (Triple-I), is retiring at the end of May 2021, the Triple-I announced today. Lynch, who will turn 61 this year, joined the Triple-I in 2014....

Triple-I: Drivers Benefit from a Competitive Auto Insurance Market
April 15, 2021

For immediate release New York Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, April 15, 2021—To maintain a competitive private-passenger auto insurance market, state lawmakers must allow insurers to use rating factors aimed at having lower-risk drivers pay less for coverage, according to the Insurance Information Institute’s (Triple-I) Chief Actuary....

Triple-I Welcomes Association of Bermuda Insurers and Reinsurers as An Associate Member
April 13, 2021

For immediate release Contact: John Novaria, 310-857-8934, johnn@iii.org     NEW YORK, April 13, 2021—The Association of Bermuda Insurers and Reinsurers (ABIR) has joined the Insurance Information Institute (Triple-I) as an Associate Member. ABIR is a group of more than 30 international insurance and reinsurance firms that do business in 150 countries and generate $109 billion in premium....

Triple-I: 2021 Atlantic Hurricane Season Forecast to be ‘Above-Average’
April 08, 2021

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org     ST. JOHNS, Fla., April 8, 2021 – An above-average level of tropical cyclone activity is projected for 2021, a year after a record-setting 30 named storms developed during 2020’s Atlantic hurricane season, according to a forecast released today by Colorado State University’s (CSU) Department of Atmospheric Science....

Captive Insurers Are Capturing Attention, Triple-I Paper Finds
April 06, 2021

For immediate release New York Press Office: Loretta Worters, (917) 208-8842; lorettaw@iii.org     NEW YORK, April 6, 2021— Interest in captives, a form of self-insurance, flourishes when commercial insurance becomes more expensive and less available, according to the Insurance Information Institute’s (Triple-I) just-released paper, A Comprehensive Evaluation of the Member-Owned Group Captive Option....

Triple-I CEO: 2020 Proved Insurers Can Lead Through Disruption
March 23, 2021

For immediate release New York Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, March 23, 2021—The U.S.’s auto, home, and business insurers have more than met the challenges raised by COVID-19 over the past year, according to Sean Kevelighan, CEO, Insurance Information Institute (Triple-I). “2020 proved how this industry can lead through disruption. We can adapt. We can innovate....

Triple-I: Insurance Protects Against Severe Weather’s Impacts
March 17, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org      NEW YORK, March 17, 2021—Severe storms are expected today and tomorrow in states stretching from the middle of the U.S. to its East Coast, highlighting the importance of having insurance, according to the Insurance Information Institute (Triple-I)....

Ten Years After Major Japan Quake, U.S. Faces Similar Threat
March 10, 2021

For immediate release California Press Office, Janet Ruiz, 707-490-9365, janetr@iii.org   NEW YORK, March 10, 2021—A decade after a devastating magnitude-9.0 earthquake struck Japan, the U.S. remains largely uninsured against this natural disaster, according to the Insurance Information Institute (Triple-I). Nearly 16,000 people died after the costliest earthquake and tsunami in world history hit Japan on March 11, 2011, about 230 miles northeast of Tokyo....

Triple-I Issues 2021’s A Firm Foundation: How Insurance Supports the Economy
February 25, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org      NEW YORK, Feb. 25, 2021—The Insurance Information Institute (Triple-I) today released its just-updated A Firm Foundation: How Insurance Supports the Economy. The 2021 edition is now available online free of charge....

Media Advisory: Insurance to Spur Texas’ Economic Recovery
February 22, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org    NEW YORK, Feb. 22, 2021 —The Insurance Information Institute (Triple-I) has subject matter experts and editorial content which can inform media coverage of Texas’ economic recovery from last week’s severe weather....

Triple-I Salutes Emerging Leaders Prior to Feb. 22-23 Conference
February 18, 2021

For immediate release New York Press Office: Mark Friedlander, 904-806-7813, markf@iii.org     NEW YORK, Feb. 18, 2021 – The Insurance Information Institute (Triple-I) is a proud sponsor of the American Property Casualty Insurance Association’s (APCIA) 2021 Emerging Leaders Conference (ELC), which is being held virtually on Monday, Feb. 22 and Tuesday, Feb. 23....

Media Advisory: D.C. Insurance Committee to Convene on Feb. 18
February 17, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Feb. 17, 2021 —Reporters covering the Federal Advisory Committee on Insurance’s (FACI) quarterly meeting on Thursday, Feb. 18, at 12:30 p.m., ET, are encouraged to contact the Insurance Information Institute (Triple-I) for details on how insurers are responding to key issues....

Triple-I’s Severe Cold Weather Survival Guide Becomes a Hot Item
February 16, 2021

For immediate release New York Press Office, Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Feb. 16, 2021—Given the deep freeze across multiple U.S. states this week, The Homeowner’s Severe Cold Weather Survival Guide yesterday became the most popular online article at the Insurance Information Institute’s (Triple-I) website, www.iii.org....

Triple-I: Rising Litigation Expenses Are Driving Up Cost of Insurance
February 11, 2021

For immediate release New York Press Office, Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, Feb. 11, 2021—The U.S.’s commercial auto insurers saw their liability losses nearly triple between 2010 and 2019, an era in which the median jury verdict’s monetary award almost doubled, according to James Lynch, the Insurance Information Institute’s (Triple-I) Chief Actuary....

California’s Seismic Risks Remain 50 Years After Sylmar Quake
February 08, 2021

For immediate release California Press Office, Janet Ruiz, 707-490-9365 janetr@iii.org   NEW YORK, Feb. 8, 2021—Five decades have passed since a deadly earthquake struck Los Angeles County yet the lessons learned from 1971’s Sylmar Quake remain relevant in 2021, according to the Insurance Information Institute (Triple-I). In a video produced to mark the anniversary of the Feb....

Triple-I/Milliman Report Projects Insurer Growth, Profits In 2021
February 02, 2021

For immediate release Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman Triple-I: Loretta Worters, lorettaw@iii.org     NEW YORK – Feb. 2, 2021 – A pandemic, civil unrest, and weather-related catastrophes impacted the U.S. property/casualty (P/C) insurance industry in 2020, but not to the extent that was originally feared....

Snowstorm-Caused Damage Covered Under Auto and Home Policies
February 01, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Feb. 1, 2021—This week’s intense winds and blizzard conditions pose threats to autos and homes yet the Insurance Information Institute (Triple-I) notes standard auto and homeowner’s insurance policies cover most instances of snowstorm-caused property damage....

Utica National CEO: Insurance Industry’s Workforce Met 2020’s Challenges
January 28, 2021

For immediate release Triple-I Press Office: Mark Friedlander, 904-806-7813, markf@iii.org   NEW YORK, Jan. 28, 2021 – Having a talented and adaptable workforce proved essential to U.S. insurers last year, according to the featured panelist at the CEO Fireside Chat held today as part of the Insurance Information Institute’s (Triple-I) annual Joint Industry Forum (JIF). “2020 was the year of the frontline worker in our industry....

Insurers Mitigating the Severity of Natural Disasters, Panel Agrees
January 28, 2021

For immediate release New York Office: Scott Holeman, 212-346-5566, scotth@iii.org     NEW YORK, Jan. 28, 2021—Financial services companies and academic institutions are developing the products and policies needed to mitigate the impact of extreme weather events, according to panelists who convened today at the Insurance Information Institute’s (Triple-I) annual Joint Industry Forum (JIF)....

Trade Group CEOs: D.C. Realignment to Impact Insurers in 2021
January 28, 2021

For immediate release New York Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, Jan. 28, 2021—The U.S. insurance industry recognizes governmental policy priorities will change in 2021 given the outcomes of 2020’s elections, a panel agreed today at the Insurance Information Institute’s (Triple-I) annual Joint Industry Forum (JIF). “What we have seen is nothing less than a tectonic shift in the power structures in D.C....

Triple-I Announces Line-Up for Jan. 28 Virtual Joint Industry Forum
January 21, 2021

For immediate release New York Press Office: 212-346-5575, lorettaw@iii.org   NEW YORK, Jan. 21, 2021 – In keeping with an annual tradition, the Insurance Information Institute (Triple-I) will hold its Joint Industry Forum (JIF), Virtually Together: Insuring Our Way Forward, on Thursday, Jan. 28, 2021 starting at 11 a.m., ET.  Registration is already underway. There is no charge to join the event online....

Triple-I: An Orderly Governmental Transition Is Essential to U.S. Economic Stability
January 20, 2021

For immediate release New York Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Jan. 20, 2021—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), today released the following statement: “Every four years—for more than two centuries—the United States has celebrated its Constitution, and that historic document’s invocation of “We, the People,” through the orderly and peaceful transfer of power atop the government’s executive branch....

Triple-I-Backed Resilience Innovation Hub to Expand In 2021
January 14, 2021

For immediate release Insurance Information Institute: Michael Barry, 917-923-8245, michaelb@iii.org ResilientH20 Partners: Richard S. Seline, 703-608-3000, rseline@resilientH20partners.com   HOUSTON, Texas and NEW YORK, Jan. 14, 2021—The Insurance Information Institute (Triple-I) and ResilientH20 Partners today are announcing the Resilience Innovation Hub is expanding its national leadership team and partnership network....

Triple-I’s 2021 Insurance Fact Book Chronicles a Historic 2020
January 13, 2021

For immediate release New York Press Office: 212-346-5575, lorettaw@iii.org   NEW YORK, Jan. 13, 2021— The Insurance Information Institute (Triple-I), an affiliate of The Institutes, has released its 2021 Insurance Fact Book, the premier “go-to” publication issued annually since the Triple-I’s inception in 1960 and an essential resource for anyone who needs the most up-to-date information on insurance....