5 cyber insurance requirements to look out forWait, there are cyber insurance requirements? In today’s digitally connected world, encountering a cyber incident has become an unfortunate part of running a business. And that should be no surprise when looking at current trends and stats. Among the alarming numbers: In the U.S. in 2023, the FBI’s Internet […]
Triple-I launches campaign to highlight challenges to insurance affordability in Georgia
Triple-I launches campaign to highlight challenges to insurance affordability in Georgia By Dale Porfilio, Chief Insurance Officer, Insurance Information Institute As part of its ongoing work to raise awareness of the impacts of legal system abuse, the Insurance Information Institute (Triple-I) launched a multi-faceted campaign focusing on Georgia. The campaign includes an Interstate 20 billboard […]
Buying Your First Home? Know Your Insurance
Buying Your First Home? Know Your Insurance By Lewis Nibbelin, Contributing Writer, Triple-I First-time buyers comprised only 32 percent of the housing market in 2023, according to an annual profile by the National Association of Realtors. Though higher compared to 2022, this number is a stark drop from the 38 percent annual average since 1981. […]
Florida InsurersCan Weather AnotherBig Storm This Season
Florida InsurersCan Weather AnotherBig Storm This Season Despite warnings from two leading insurance rating agencies that Hurricane Milton weakened or threatened Florida’s recovering home insurance market, the market “can manage losses” from the Category 4 storm “and are ready to cover yet another hurricane,” if one should come this season, according to industry experts who […]
Removing Incentivesfor Development From High-Risk Areas Boosts Flood Resilience
Removing Incentivesfor Development From High-Risk Areas Boosts Flood Resilience (Photo by Jonathan Sloane/Getty Images) By Lewis Nibbelin, Contributing Writer, Triple-I Withdrawing federal subsidies in climate-vulnerable areas can deter development and promote disaster resilience, according to a recent Nature Climate Change study. The study found that these benefits extend beyond the targeted areas. These findings underscore […]
Louisiana Is Least Affordable State for Personal Auto Coverage Across the South and U.S.
Louisiana Is Least Affordable State for Personal Auto Coverage Across the South and U.S. Despite strong income growth that has helped improve personal auto insurance affordability in Louisiana, the state remains the least affordable among its Southern neighbors and the rest of the United States, according to the Insurance Research Council (IRC). In 2022, the […]
More Young Women Are Being Diagnosed with Breast Cancer in Singapore
More Young Women Are Being Diagnosed with Breast Cancer in SingaporeCancer is often perceived as an illness of seniors. However, breast cancer diagnosis is on the rise for women aged below 40 in Singapore. Cultural and lifestyle change have contributed to this trend, and as patients and physicians are likely to overlook early signs due […]
Cyber insurance for small businesses: What you need to know
Cyber insurance for small businesses: What you need to knowCyber insurance for small businesses is probably the furthest thing from your mind. As a small business owner, there’s a lot you have to do to ensure your operation runs smoothly. There’s marketing, ordering products or supplies, customer acquisition, and generally getting work done. But what […]
Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines
Personal Lines Underwriting Results Improve, Reducing Gap With Commercial LinesThe U.S. property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. The report was released during a members-only webinar on Oct. 10. The industry’s estimated net combined ratio of […]
Insurers Help Victimsof Domestic Abuse With Financial Resilience
Insurers Help Victimsof Domestic Abuse With Financial Resilience By Loretta Worters, Vice President – Media Relations, Triple-I When you think about domestic violence, insurance typically isn’t top of mind. However, financial security and access to resources can make all the difference to victims when deciding to leave an abusive relationship. And insurance is an important […]
Multi-Family Affordable Housing Market Challenged by Surges in Insurance Premiums
Multi-Family Affordable Housing Market Challenged by Surges in Insurance Premiums With nearly half of all homes in the United States at risk of “severe or extreme” damage from events like flooding, high winds, and wildfire, the perfect storm of climate risk and legal system abuse creates obstacles for homeowners. It also threatens a more financially […]
Predict & Prevent Podcast Honored By Inclusion Among ‘Insurance Luminaries’
Predict & Prevent Podcast Honored By Inclusion Among ‘Insurance Luminaries’ The Institutes’ Predict & Prevent® podcast has been named to PropertyCasualty360’s Insurance Luminaries Class of 2024 in the category of Risk Management Innovation. This annual recognition celebrates people and initiatives driving meaningful progress within the insurance sector, highlighting key advancements and forward-thinking approaches. The podcast explores new […]