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Insurers Donated Over $1 Billion in 2022for Good Works

KiDS NEED MoRE, a nonprofit dedicated to children and families coping with life-threatening illnesses and traumatic interruptions of normal childhood, is just one of the worthy organizations IICF supports. By Loretta Worters, Vice President – Media Relations, Triple-I The insurance industry contributed more than $1 billion to charitable...

Thu Nov 16, 2023 20:33
Homeowners Insurance Costs Exceeded Inflation From 2000 to 2020

By Max Dorfman, Research Writer, Triple-I The cost of homeowners insurance outpaced inflation from 2000 to 2020, according to new research by the Insurance Research Council (IRC) – like Triple-I, an affiliate of The Institutes. During that period, IRC found the coverage to be most affordable in Utah and least affordable in Louisiana....

Tue Nov 14, 2023 17:57
Triple-I Town Hall, Nov. 30, in D.C., Targets Climate Risk

Property/casualty insurers have a powerful interest in mitigating climate-related risk and promoting investment in resilience. The industry is uniquely qualified to help address these perils, but traditional risk-transfer mechanisms on their own are no longer sufficient. Collective responsibility and a multi-disciplinary approach are needed...

Wed Nov 8, 2023 17:48
Convective Storm Losses Hamper P&C Profitability; Rebound Expected by 2025

By Max Dorfman, Research Writer, Triple-I Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries. The 2023 net combined ratio is now forecast to be 103.8, with hard markets...

Thu Nov 2, 2023 19:29
Uninsured Driving Dipped in 2022 After Pandemic Spurred a Multi-year Rise

By Max Dorfman, Research Writer, Triple-I About one out of seven U.S. drivers (14.0 percent) operated a private-passenger vehicle without liability insurance in 2022, according to new research by the Insurance Research Council (IRC) – like Triple-I, an affiliate of The Institutes. The IRC report, Uninsured Motorists: 2017—2022,...

Tue Oct 31, 2023 18:55
HBCU Impact: Bridging the Insurance Talent Gap

By Scott Holeman, Director, Media Relations,Triple-I To amplify the Insurance Information Institute’s (Triple-I) commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT®, whose mission is to increase the number of Black professionals in the insurance, risk management, financial services,...

Tue Oct 31, 2023 15:53

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