RiskScan 2024 reveals risk priorities across the insurance marketplace
RiskScan 2024 reveals risk priorities across the insurance marketplace By Mary Sams, Senior Research Analyst Cyber incidents, changes in climate, and business interruption are the chief risk concerns among key marketplace segments in the insurance industry, according to RiskScan 2024, a new survey from Munich Reinsurance America Inc. (“Munich Re US”) and the Insurance Information […]
IM Sherpa: Redefining Insurance Operations with Smart & Intelligent Assistance
IM Sherpa: Redefining Insurance Operations with Smart & Intelligent Assistance /*! elementor – v3.23.0 – 10-07-2024 */ .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block} We listened to what matters most to you—now IM Sherpa delivers intelligent support that fits your world.”Enter IM Sherpa, an advanced support tool developed by InsuredMine made especifically for insurance […]
Climate Resilience and Legal System Abuse Take Center Stage In Miami
Climate Resilience and Legal System Abuse Take Center Stage In Miami Triple-I’s Joint Industry Forum this week in Miami brought together subject-matter experts from across insurance, academia, government, and the nonprofit space to discuss climate resilience, legal system abuse, and – most important – what is being done and must continue to be done to […]
New IRC Report:Personal Auto InsuranceState Regulation Systems
New IRC Report:Personal Auto InsuranceState Regulation SystemsBy William Nibbelin, Senior Research Actuary, Triple-I According to a new study by the Insurance Research Council (IRC), the rate filing process for personal auto insurance has become more inefficient and ineffective, taking longer to achieve rate approval with higher occurrence of approved rate impact lower than filed rate […]
How Georgia Might Learn From Florida Reforms
How Georgia Might Learn From Florida Reforms By Lewis Nibbelin, Contributing Writer, Triple-I Georgia – frequently featured on the American Tort Reform Foundation’s list of “Judicial Hellholes” – may want to consider imitating its neighbor Florida in pursuing legal system abuse reforms, Triple-I CEO Sean Kevelighan suggested in a recent interview for WBS News/Talk Radio. […]
5 professional liability claims examples: Real-world cases and lessons learned
5 professional liability claims examples: Real-world cases and lessons learnedIn today’s world, professional liability claims abound. Professional liability insurance, also referred to as errors and omissions (E&O) insurance, is a vital policy for businesses large and small. If you’re a professional working in almost any industry — be it legal, real estate, tech, or consulting […]
Triple-I Brief Highlights Rising Inland Flood Risk
Triple-I Brief Highlights Rising Inland Flood Risk The devastation wrought by Hurricane Helene in September 2024 across a 500-mile swath of the U.S. Southeast highlighted the growing vulnerability of inland areas to flooding from both tropical storms and severe convective storms, according to the latest Triple-I “State of the Risk” Issues Brief. These events also […]
The Importanceof ProtectingCritical FacilitiesFrom Lightning Strikes
The Importanceof ProtectingCritical FacilitiesFrom Lightning Strikes By Kelley Collins, Director of Business Development and Communications, Lightning Protection Institute We rely on critical facilities not only in our day-to-day lives but also during emergencies and natural disasters. As defined by government agencies, such as FEMA, critical facilities include fire stations, police stations, hospitals, and emergency operation […]
A Guide to Mental Health Services and Insurance in Singapore
A Guide to Mental Health Services and Insurance in SingaporeIn recent years, Singapore has made significant strides in raising awareness of mental health and reducing stigma around seeking support. With a growing emphasis on mental well-being, individuals now have greater access to a range of support services, from therapy and counseling to psychiatric care. This […]
What is commercial insurance? A complete guide for business owners
What is commercial insurance? A complete guide for business ownersWell, let’s get right into it: what is commercial insurance? Running a business is all about taking risks, but some risks are just too big to handle alone. That’s where commercial insurance comes in. It’s like a safety net for your business, protecting you from unexpected […]
Resilience Investments Paid Off in Florida During Hurricane Milton
Resilience Investments Paid Off in Florida During Hurricane Milton By Lewis Nibbelin, Contributing Writer, Triple-I Babcock Ranch – a small community in southwestern Florida dubbed “The Hometown of Tomorrow” – made headlines for sheltering thousands of evacuees and never losing power during Hurricane Milton, which devastated numerous neighboring cities and left more than three million […]
Hail: The “Death by 1,000 Paper Cuts” Peril
Hail: The “Death by 1,000 Paper Cuts” Peril By Lewis Nibbelin, Contributing Writer, Triple-I Earlier this year, baseball-sized hailstones in Denver totaled vehicles and pummeled homes and businesses during the second-costliest hailstorm in Colorado history, equating to billions in damages. Melon-sized stones hit Texas the same month, downing power lines and requiring snow plows to […]