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For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, July 20, 2021—Having Americans purchase the right amount and type of insurance coverage is essential if they are to recover quickly from natural catastrophes, a panel which included Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) agreed yesterday. “More insured communities recover faster from disasters,” Kevelighan said....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, July 16, 2021—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), will discuss Environmental, Social, and Governance (ESG) Factors and Insurer Performance during a live webcast on Monday, July 19, starting at 3:30 p.m., ET....
For immediate release Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, July 15, 2021—Dale Porfilio, FCAS, MAAA, has been named Chief Insurance Officer (CIO) at the Insurance Information Institute (Triple-I). His first day in this newly-created position is Monday, July 19....
For immediate release Michael Barry, Triple-I, 917-923-8245, michaelb@iii.org Tully Lehman, NICB, 925-758-0744, tlehman@nicb.org NEW YORK, July 9, 2021 –In yet another example of how the insurance industry is bringing societal value through its non-profit networks, the Insurance Information Institute (Triple-I) is teaming up with the National Insurance Crime Bureau (NICB) during the NICB’s Contractor Fraud Awareness Week (July 12-16) to…...
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, July 8, 2021— An updated 2021 Atlantic hurricane season forecast from Colorado State University (CSU) released today projects even more tropical cyclone activity than previously anticipated....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, July 2, 2021 —With Hurricane Elsa expected to impact Florida early next week, the Insurance Information Institute (Triple-I) has editorial content and subject matter experts which can inform media coverage of the storm. “The frequency and intensity of natural disasters and extreme weather events are rising,” said Sean Kevelighan, CEO, Triple-I....
For immediate release New York Press Office: 917-208-8842, lorettaw@iii.org NEW YORK, July 1, 2021– Independence Day is associated with fireworks displays, barbeques, and poolside parties, yet even summer fun carries risks, according to the Insurance Information Institute (Triple-I). The Triple-I has identified four summertime liability risks you should be aware of and offers recommendations on what you can do to protect yourself: FIREWORKS: Fireworks may be a Fo…...
For immediate release California Press Office, Janet Ruiz, 707-490-9365 janetr@iii.org NEW YORK, June 28, 2021—Technological advances and greater awareness about how wildfires spread are enabling Americans to build greater resilience to this natural disaster, six panelists convened by the Insurance Information Institute (Triple-I) and ResilientH20 Partners agreed....
For immediate release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org NEW YORK, June 17, 2021—For the fourth consecutive year, the number of lightning-caused U.S....
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., June 3, 2021— An updated 2021 Atlantic hurricane season forecast released today by the Tropical Meteorology Project in the Department of Atmospheric Science at Colorado State University (CSU) maintains its outlook for an “above-average” level of tropical cyclone activity....
For Immediate Release Michael Barry, 917-923-8245, michaelb@iii.org ARLINGTON, Va., June 1, 2021—On the first day of 2021’s Atlantic hurricane season, the Insurance Information Institute’s (Triple-I) CEO briefed regulators on the steps U.S. insurers are taking to reduce climate-related risks as natural disasters grow in frequency and severity....
For immediate release Michael Barry, 917-923-8245, michaelb@iii.org ARLINGTON, Va., May 25, 2021—U.S. insurers showed in 2020 they could fulfill their traditional role as economic first responders even amid a global pandemic, record-setting natural disasters, and civil disorders, according to Sean Kevelighan, CEO, Insurance Information Institute (Triple-I)....
For immediate release Michael Barry, 917-923-8245, michaelb@iii.org KANSAS CITY, Mo., May 20, 2021 — Days before the 10th anniversary of the Joplin, Mo., tornado, one of the deadliest in U.S. history, the Insurance Information Institute (Triple-I) released a video chronicling the tragedy and Joplin’s remarkable comeback. The EF-5 tornado killed 161 people and injured more than 1,000 others on Sunday, May 22, 2011. The city is situated in southwestern Missouri and home to about 50,000 residents....
For immediate release Lorraine Carli, NFPA (617) 984-7275 publicaffairs@nfpa.org Connie Bryant Breedlove, IBHS (404) 786-5275 cbreedlove@ibhs.org Janet Ruiz, Triple-I (707) 490-9365 janetr@iii.org Nicole Ganley, APCIA (916) 616-5855 nicole.ganley@apci.org HIDDEN VALLEY LAKE, Calif., May 19, 2021—Janet Ruiz, the Insurance Information Institute’s (Triple-I) California-based Director, Strategic Communications, will address the media about preparing financially for the upcoming wildfire seaso…...
For immediate release Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman Triple-I: Loretta Worters, lorettaw@iii.org NEW YORK, May 18, 2021—Property/casualty insurers are projected to continue to post slight underwriting profits in 2021, according to a forecast released today by the Insurance Information Institute (Triple-I) and Milliman. The forecast projects a 2021 combined ratio of 99, virtually the same as last year....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, May 7, 2021—The Insurance Information Institute (Triple-I) is conducting a national search for a Chief Insurance Officer (CIO) to succeed the retiring James Lynch, the Triple-I’s outgoing Chief Actuary....
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., May 6, 2021 – The start of what is forecast to be another "above-average" Atlantic hurricane season is weeks away and the Insurance Information Institute (Triple-I) is recommending homeowners, renters and business owners prepare now. “The U.S....
For immediate release New York Press Office: Loretta Worters, (917) 208-8842; lorettaw@iii.org NEW YORK, April 29, 2021—Major flood events could grow over the next 30 years even as U.S. insurers and public policymakers improve their ability to reduce flood risks, according to the Insurance Information Institute’s (Triple-I) just-released paper, Flood: Beyond Risk Transfer....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, April 28, 2021—To broaden its reputation as the go-to destination for the economic drivers impacting U.S. insurer financial performance, the Insurance Information Institute (Triple-I) is revamping the way it delivers impactful insights and analysis....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, April 26, 2021—On Thursday, April 29, weeks ahead of the official start of the 2021 Atlantic hurricane season, the Insurance Information Institute (Triple-I) will host a free webinar to hear “The Biden Administration Perspective on Disaster Risk Mitigation and Resilience.” Caitlin Durkovich, Special Assistant to the President and Senior Director of Resilience and Response at…...
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....
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....
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....
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....
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....
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....
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)....
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....
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....
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....
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....
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....
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....
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....
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....
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....
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....
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....
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)....
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....
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....
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....
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....
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....