Tackle Medical Inflation: Reduce Your Insurance CostsHealthcare costs have been rising over the years under inflationary pressure, causing the benefits provided to diminish while the insurance premiums rise relentlessly. What causes medical costs to constantly skyrocket? Wonder what insurers can do to keep insurance plans affordable to the general public? Are you interested in knowing […]
Do Law Firms Need Cyber Insurance?
Do Law Firms Need Cyber Insurance?Do fish need water? Do humans need air? Do law firms need cyber insurance? Not to oversimplify the answer to the question, but yes. Cyber insurance should be seen as essential. That’s because cyber risk is an inherent part of the job these days, and the total cost of damages […]
Dog-Related Injury Claims Continue to Increase; Average Payout Declines
Dog-Related Injury Claims Continue to Increase; Average Payout Declines By Max Dorfman, Research Writer, Triple-I Insurers paid $1.12 billion in dog-related injury claims in 2023, according to research by Triple-I and State Farm. The total number of dog-bite and related claims was 19,062 in 2023 – an increase of more than 8 percent from […]
N.J. Quake a Wake-Up Call for Seismic Mitigation, Resilience Investment
N.J. Quake a Wake-Up Call for Seismic Mitigation, Resilience InvestmentResidents and police gather outside of homes in Newark, N.J., that were damaged by a 4.8 magnitude earthquake on April 5. (Photo by Spencer Platt/Getty Images) Last week’s earthquake in Lebanon, N.J. – the strongest to hit the state in more than 200 years and which […]
CSU Researchers Project “Extremely Active”2024 Hurricane Season
CSU Researchers Project “Extremely Active”2024 Hurricane Season Colorado State University hurricane researchers predict an “extremely active” Atlantic hurricane season in their initial 2024 forecast. The team cites record-warm tropical and eastern subtropical Atlantic sea surface temperatures as a primary factor for their prediction of 11 hurricanes this year. Led by senior research scientist and Triple-I […]
Inflation is Top Challenge for Middle-Market Firms, Chubb Study Finds
Inflation is Top Challenge for Middle-Market Firms, Chubb Study Finds By Max Dorfman, Research Writer, Triple-I Inflation remains the greatest challenge for middle-market companies, according to recent research from Chubb. While the companies Chubb surveyed performed well last year, they are looking at 2024 with trepidation, with rising wages expected to continue fueling inflation. Inflation […]