The Institutes News

The Institutes, Kevelighan Fire Back at Retaliation Claims by Former Triple-I Employee

The Institutes and Sean Kevelighan, chief executive of the Insurance Information Institute, deny the allegations of discrimination and retaliation from former employee Michael Barry. According to a filing in U.S. District Court for the Southern District of New York, Triple-I …

Former Triple-I Exec Says He Was Fired After Testifying in Bullying Case Against CEO

A former employee of the Insurance Information Institute is suing his former boss and the organization’s owners on allegations of discrimination and retaliation. Michael Barry, who worked at Triple-I for more than 17 years and was a senior vice president, …

Study: Louisiana Auto Insurance Least Affordable in Nation

Louisiana has the least affordable auto insurance in the United States according to a recently published affordability index by Insurance Research Council (IRC). IRC’s affordability index measures the proportion of household income used to pay for auto insurance. IRC used …

Kevelighan: Talks with Institutes on Creating 21st Century Triple III Began Years Ago

Affiliating with The Institutes provides an opportunity for the industry’s Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the 1950s, according to the III executive behind the move. III CEO …

Nonprofits The Institutes, Insurance Information Institute to Affiliate Nov. 16

The insurance education and research nonprofit The Institutes said it will finalize its affiliation with its fellow nonprofit Insurance Information Institute (Triple-I) on November 16, 2020. According to the announcement, the Triple-I will retain its offices in New York City …

The Institutes to Add Insurance Information Institute to Its Affiliates Roster

The Insurance Information Institute, since 1960 a source of insurance data and information for the media and consumers, has agreed to affiliate with The Institutes, an expanding education, research, event and publishing organization that includes the CPCU Society. The boards …

Rethinking the Limits of Parametric Insurance

It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have existed for decades. It’s traditionally been applied to events like natural …

5 Simple Risk Management Tips for Super Bowl LII

As we approach Super Bowl LII in US Bank Stadium in Minneapolis in which all-time great quarterback Tom Brady leads the Patriots against the underdog Eagles, what risk management issues are affecting the game and fans? Here are five that …

New Product Uses Blockchain to Show Proof of Insurance

The Institutes’ work with insurers in the blockchain space has led to a debut product – a tool designed to establish proof of auto insurance. Nationwide is the first carrier to bring it to production and is already in testing …

Brave New World: 1st Reinsurance Product Heads to the Blockchain

Second of Two Articles There has been a lot of press – and perhaps hype – about blockchain and its potential to revolutionize the industry’s processes and ultimately improve the customer experience. However, the efforts of the industry’s B3i initiative …