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For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Dec. 29, 2022—Travelers unable to secure a flight home and who choose to rent a car from an airport location should consider the decision’s insurance implications, according to the Insurance Information Institute (Triple-I). In a call to your insurance professional, you can get answers to the following questions about your current auto insurance and other policy coverages....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Dec. 21, 2022—Existing U.S. underwriting data enables the Federal Insurance Office (FIO) to assess the potential for major disruptions of private insurance coverage in markets vulnerable to climate risks, according to the Insurance Information Institute (Triple-I). “The U.S....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Dec. 20, 2022—With winter officially arriving tomorrow, preparing for snow, ice, and frigid temperatures is essential for homeowners and drivers throughout much of the U.S., according to the Insurance Information Institute (Triple-I)....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Dec. 6, 2022—Benefiting from the insights of respected thought leaders, the Insurance Information Institute’s (Triple-I) annual Joint Industry Forum (JIF) offered its influential audience a comprehensive review of the issues impacting U.S. insurers....
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., Nov. 29, 2022—As the 2022 Atlantic hurricane season concludes tomorrow, it marks the seventh straight year in which at least 14 named storms formed. Eight of the named storms became hurricanes, and two of the eight reached major hurricane (Category 3, 4, or 5) intensity....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Nov. 22, 2022—The annual Joint Industry Forum (JIF) will convene in New York City on Thursday, Dec. 1, offering its audience expert perspectives on the state of the insurance industry, according to the Insurance Information Institute (Triple-I)....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Nov. 17, 2022—Technological advances by insurers and proactive risk prevention by policyholders have the potential to reduce the damage caused by U.S. wildfires, stated a report released today by the Insurance Information Institute (Triple-I) in collaboration with Capgemini....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Nov. 16, 2022—A live Twitter chat is being conducted on Thursday, Nov. 17, at 1 p.m., ET, as part of International Fraud Awareness Week, according to the Insurance Information Institute (Triple-I), one of the event’s participants....
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org SAINT JOHNS, Fla., Nov....
For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman NEW YORK, Nov....
For Immediate Release: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Nov. 1, 2022—Michael Tipsord, chairman, president, and CEO of State Farm Mutual Automobile Insurance Company, will be interviewed by Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) at the Joint Industry Forum (JIF) on Thursday, Dec. 1, the Triple-I announced today....
FOR IMMEDIATE RELEASE New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org NEW YORK, Oct. 27, 2022—Halloween trick-or-treaters and their parents pose potential risks to homeowners and renters, yet everyone can breathe easier if a few precautionary steps are taken, according to the Insurance Information Institute (Triple-I)....
FOR IMMEDIATE RELEASE New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Oct. 20, 2022—Superstorm Sandy made landfall on Oct. 29, 2012, and remains one of the deadliest and costliest natural disasters in U.S. history nearly a decade later, according to the Insurance Information Institute (Triple-I)....
For Immediate Release West Coast Press Office: Janet Ruiz, 707-490-9365 janetr@iii.org SAN FRANCISCO, Oct. 19, 2022—Millions of people worldwide will participate in International ShakeOut Day on Thursday, Oct. 20, an annual initiative which raises awareness about earthquake preparedness, according to the Insurance Information Institute (Triple-I)....
There are currently 75 large fires burning through the U.S. right now, with 4.5 million U.S. homes identified as being at high or extreme risk of wildfire exposure. If you live in a wildfire danger zone, the Insurance Information Institute (Triple-I) urges you to protect your home and business. In addition to maintaining the proper insurance coverage, Triple-I recommends taking steps to become more resilient to wildfire damage and loss....
For immediate release New York Press Office: Loretta Worters: 917-208-8842, lorettaw@iii.org NEW YORK, Oct. 17, 2022--One of the main reasons victims of domestic violence are unable to leave an abusive partner, or must return to one, is because of their financial reliance on them, experts agree. Having financial knowledge gives victims the ability to remove themselves from a dangerous situation, according to the Insurance Information Institute (Triple-I)....
Contact: Loretta Worters, Insurance Information Institute (Triple-I), 917-208-8842; lorettaw@iii.org NEW YORK, Oct. 12, 2022— The U.S....
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., Oct. 4, 2022—Florida’s Department of Financial Services (DFS) and Citizens Property Insurance Corporation today established an Insurance Village to assist Floridians impacted by Hurricane Ian, according to the Insurance Information Institute (Triple-I)....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Sept. 30, 2022 —Homeowners, renters, businesses, and vehicle owners impacted by Hurricane Ian need to know how the insurance claim filing process works and what’s covered under standard insurance policies, according to the Insurance Information Institute (Triple-I)....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Sept. 27, 2022 —Reporters covering Hurricane Ian are encouraged to contact the Insurance Information Institute (Triple-I) for interviews and analysis....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Sept....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org LAS VEGAS, Sept. 22, 2022—Flood events cause widespread damage worldwide each year, yet insurers need partners to reduce the threat flooding poses to life and property, a report released today by the Insurance Information Institute (Triple-I) stated....
For immediate release Contact: Loretta Worters Insurance Information Institute (Triple-I), 917-208-8842, lorettaw@iii.org NEW YORK, Sept....
Contact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, michaelb@iii.org NEW YORK, Sept. 8, 2022—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), is moderating a panel featuring four industry experts on Thursday, Sept. 22, as part of the InsureTech Connect 2022 conference....
For immediate release Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Sept. 1, 2022—U.S. life expectancy at birth dropped in 2021 to its lowest level since 1996 according to new federal data released this week, another reason Americans without life insurance should consider purchasing this coverage, 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 – Aug. 11, 2022 – The 2022 combined ratio for the property/casualty insurance industry is forecast to be 100.7, a worsening of 1.2 points relative to 2021, driven by significant deterioration in the personal auto line....
For immediate release Mark Friedlander, Triple-I, 904-806-7813, markf@iii.org ST. JOHNS, Fla., Aug. 9, 2022—The turmoil in Florida’s homeowners insurance market is being caused primarily by the state’s outsized number of lawsuits and its commonplace fraud schemes, according to an Issues Brief published today by the Insurance Information Institute (Triple-I)....
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., Aug. 4, 2022—An updated 2022 Atlantic hurricane season forecast released today by Colorado State University (CSU) slightly reduced the projected number of named storms, hurricanes and major hurricanes while still envisioning an “above-average” level of tropical cyclone activity this season....
For Immediate Release: Michael Barry, 917-923-8245, michaelb@iii.org ARLINGTON, Va., July 28, 2022—Sondra Fry Benoudiz has been named Head of Member Experience & Business Development at the Insurance Information Institute (Triple-I) and started this week in the newly-created role. “Sondra Fry Benoudiz brings decades of proven association management experience to the Insurance Information Institute....
For Immediate Release Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, July 27, 2022—Investors with no stake in a lawsuit beyond wanting to profit from its outcome are contributing to the growth of insurer legal costs and settlement payouts, according to a new report from the Insurance Information Institute (Triple-I)....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, July 14, 2022—Florida, South Carolina, Georgia, and Delaware saw population growth in the 2010s that dramatically expanded the property damage a hurricane could cause in those states, according to a new Insurance Information Institute (Triple-I) Issues Brief....
For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org NEW YORK, June 30, 2022– Independence Day often means fireworks, barbeques, and poolside parties yet these holiday celebrations create risks which need to be managed, according to the Insurance Information Institute (Triple-I). Triple-I identified four activities which peak during the summer and highlighted the safety and insurance issues they raise as the u…...
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., June 23, 2022—With its overabundance of unneeded new roofs on homes, and flashy lawyer billboards at every turn claiming massive settlements on claims, Florida’s insurance market is on the verge of failure....
FOR IMMEDIATE RELEASE New York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org NEW YORK, June 21, 2022—More than $1 billion in lightning-caused U.S....
For immediate release Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, June 17, 2022—Creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures U.S. insurers make to investors, the Insurance Information Institute (Triple-I) said in a letter sent today to the U.S. Securities and Exchange Commission (SEC)....
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., June 2, 2022—An updated 2022 Atlantic hurricane season forecast released today by Colorado State University (CSU) envisions a “well above-average” level of tropical cyclone activity between June and November....
For immediate release Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, June 1, 2022—Reporters covering the severe weather impacting multiple U.S....
FOR IMMEDIATE RELEASE New York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org NEW YORK, May 20, 2022 —To highlight how homeowners can protect themselves from unethical contractors, the Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking Contractor Fraud Awareness Week (May 23-27)....
For immediate release New York Press Office: Michael Barry, 917, 923-8245, michaelb@iii.org St. JOHNS, Fla., May 17, 2022—The Insurance Information Institute’s (Triple-I) Mark Friedlander will join two other industry experts to discuss on Thursday, May 19, at 2 p.m., ET, the state of Florida’s property insurance market....
For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman NEW YORK, May 12, 2022—The property/casualty insurance industry saw the 2021 net combined ratio increase to 99.5, 0.8 points higher than 2020, driven by deterioration in the personal auto and, to a lesser extent, the workers compensation lines. Homeowners, Commercial Auto, Commercial Multi-Peril and General Liability were the product lines with sig…...
For immediate release Western Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org NEW YORK, May 10, 2022—President Joseph Biden’s approval last week of a major disaster declaration for New Mexico gave new urgency to the importance of May’s Wildfire Awareness month, according to the Insurance Information Institute (Triple-I). “The U.S....
FOR IMMEDIATE RELEASE New York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org NEW YORK, May 4, 2022 —Cyber insurance provides robust financial protection to businesses if they incur a data breach and is an essential part of any risk management plan, according to a video released today by the Insurance Information Institute (Triple-I) Cyberattacks and data breach-caused losses are the top risks facing businesses, a global survey of company directors…...
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., April 28, 2022 – The start of what is forecast to be another “above-normal” Atlantic hurricane season is weeks away and the Insurance Information Institute (Triple-I) is recommending homeowners, condo owners, renters and business owners prepare now. “The U.S....
For immediate release Western Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org NEW YORK, April 26, 2022—Wildfire evacuees in Arizona, Colorado, Nebraska and New Mexico who are either displaced or returning home should review their homeowners and renters insurance policies and file a claim if they incurred fire-caused property damage, according to the Insurance Information Institute (Triple-I). “Insurers are the nation’s financial fi…...
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org NEW YORK, April 18, 2022—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) is one of three panelists convening virtually on Tuesday, April 19, at 12 p.m. ET for a webinar on climate risk and resilience....
FOR IMMEDIATE RELEASE New York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org NEW YORK, April 12, 2022 — Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to the Insurance Information Institute (Triple-I) and State Farm, the largest writer of homeowners insurance in the U.S....
FOR IMMEDIATE RELEASE Triple-I’s California Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org Media Advisory: SAN FRANCISCO, Calif., April 11, 2022—The Insurance Information Institute (Triple-I) will participate in a Facebook Live event on Monday, April 11, 2022, at 2:30 p.m., ET, to discuss the pandemic’s impact on pets and how to reduce dog biting incidents....
For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org ST. JOHNS, Fla., April 7, 2022 – An above-normal level of tropical cyclone activity is projected for 2022 in the Atlantic basin, according to a forecast released today by Colorado State University’s (CSU) Department of Atmospheric Science....
For immediate releaseNew York Press Office: Loretta Worters, 917-208-8842; lorettaw@iii.org NEW YORK, March 29, 2022— Americans aged 50-plus play a significant role in the U.S. economy as workers and consumers yet their collective impact is often overlooked, according to AARP and the Insurance Information Institute (Triple-I).Dr....
For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 23, 2022—Reporters covering the aftermath of the deadly tornadoes which impacted multiple U.S....
For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 21, 2022—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) and Dale Porfilio, Chief Insurance Officer, Triple-I, are speaking at separate events this week to explain how rising litigation costs are adversely impacting insurance markets....
For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 16, 2022—The first few days of spring are a good time for homeowners to review their insurance policy’s coverages given the severe weather the season usually brings, according to the Insurance Information Institute (Triple-I).“As a homeowner, the best place to start your insurance review process is by reading the declarations page of your policy,” said …...
For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 3, 2022—Personal auto insurance premiums have returned to pre-pandemic levels and existing trends are putting upward pressure on rates, according to the Insurance Information Institute (Triple-I).“Auto insurers are seeing the frequency and severity of automobile accidents rise quickly as drivers return to the nation’s roadways,” said Sean Kevelighan, CEO, Tr…...
For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, March 1, 2022 –Jennifer Kyung, Property & Casualty (P&C) Chief Underwriter, USAA, has been elected to a two-year term as chairwoman of the Insurance Information Institute’s (Triple-I) Executive Leadership Committee (ELC).“The first woman ever to hold this post, Jennifer Kyung brings to the position more than 25 years of insurance industry experience and ha…...
For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Feb. 28, 2022—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) and Dr....
For immediate releaseTriple-I: Loretta Worters, lorettaw@iii.orgMilliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman NEW YORK, Feb....
For immediate release Contact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, michaelb@iii.org NEW YORK, Feb. 11, 2022—Reporters covering the cost drivers impacting the U.S. auto insurance market can contact the Insurance Information Institute (Triple-I) for interviews, data, and analysis. The U.S....
For immediate releaseContact: Loretta Worters, Insurance Information Institute (Triple-I), 917-208-8842, lorettaw@iii.org NEW YORK, Feb....
For immediate releaseContact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, michaelb@iii.org NEW YORK, Feb....
For immediate releaseContact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245 NEW YORK, Feb. 3, 2022—U.S....
For immediate releaseContact: Janet Ruiz, Insurance Information Institute (Triple-I), 707-490-9365,janetr@iii.org SAN JOSE, Calif., Feb. 2, 2022—Dr. Craig Clements, a Professor of Meteorology at California’s San José State University (SJSU) and the Director of SJSU’s Wildfire Interdisciplinary Research Center, has been appointed a non-resident scholar at the Insurance Information Institute (Triple-I).“The Triple-I is excited to have Dr....
For immediate releaseContact: Scott Holeman, Insurance Information Institute (Triple-I), 785-760-3777, scotth@iii.org NEW YORK, Jan. 31, 2022—The Insurance Information Institute (Triple-I) and the HBCU I.M.P.A.C.T....
For immediate release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org NEW YORK, Jan. 7, 2022—The 2022 Old Farmer’s Almanac envisioned a Season of Shivers for parts of the U.S. this winter and the year’s first week has delivered them along with snowfall, according to the Insurance Information Institute (Triple-I)....
Contact: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, michaelb@iii.org NEW YORK, Jan. 3, 2022—Reporters covering the aftermath of Colorado’s wildfires can contact the Insurance Information Institute (Triple-I) for interviews and analysis. The Boulder County Disaster Assistance Center opened today to serve people impacted by the Marshall Fire. It is situated at the Boulder County Southeast County Hub, 1755 South Public Road, Lafayette, Colo....