Take Cover: Lightning Caused $1.2B in Homeowners Claims in 2023, Says Triple-I June 19, 2024 Damage to U.S. homes due to lightning resulted in $1.2 billion in homeowners insurance claims in 2023, up 30% from...
Triple-I and NICB Partner to Help Consumers Fight Contractor Fraud May 21, 2024 The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking May 20-24 as Contractor Fraud Awareness...
Triple-I: Insurance Economic Drivers Outperform Overall US GDP April 17, 2024 The economic drivers of the U.S. property/casualty (P/C) insurance industry are growing faster than the nation’s Gross Domestic Product (GDP)...
US Dog-Related Injury Claims Hit $1.12 Billion in 2023: Triple-I, State Farm Report April 9, 2024 US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and...
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance April 8, 2024 By Chris Taylor Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about...
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best February 1, 2024 The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and...
Litigation Abuse, Regulation, Hard Market Among Insurance Trades’ Priorities for 2024 December 27, 2023 By Chad Hemenway Insurance trade organizations are always working for the industry so Insurance Journal asked them: What are the top priorities and/or...
Private Flood Insurers See Opportunity as NFIP Increases Rates August 21, 2023 While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the...
Inflation, Catastrophe Losses Lead P&C Underwriting Loss in 2023 August 8, 2023 The overall property/casualty industry is expected to finish 2023 with a net combined ratio of 102.2, according to a recent...