Business Insurance

September 20, 2022

Chubb Study Parses Insurance-Buying Behavior By Generation

Tweet Millennial and Generation Z consumers are more likely than Baby Boomers or Gen-Xers to seek insurance advice from an agent or broker, according to recent findings by Chubb.

March 22, 2023

IRC Outlines Florida’sAuto Insurance Affordability Problems

Tweet Florida is one of the least affordable states for personal auto insurance, according to a new study by the Insurance Research Council (IRC). Claims trends are pushing premium r

December 16, 2020

Will PandemicDriving Trends PersistAfter COVID-19 Passes?

Tweet More people died in New York City automobile accidents in 2020 than in 2019, despite greatly reduced driving as a result of the COVID-19 pandemic and subsequent economic slowdo

April 27, 2022

Study Highlights Costof Data Breachesin a Remote-Work World

Tweet By Max Dorfman, Research Writer, Triple-I (04/27/2022) A recent study by IBM and the Ponemon Institute quantifies the rising cost of data breaches as workers moved to remote

December 13, 2019

Cyber Claims Get Paid; Why Do Many Businesses Believe They Don’t?

Tweet There’s a road in my town that’s widely regarded as a speed trap. We all know drivers who say they were unfairly stopped and ticketed on it. I’ve never been and, come to think

July 18, 2023

Despite Fewer Claims, Personal Auto Insurance Payouts Increase

Tweet By Max Dorfman, Research Writer, Triple-I The average claim payment per insured personal vehicle rose between 2002 and 2022, with higher payments by insurers more than offse

May 11, 2021

Man-made and Natural Hazards Both Demanda Resilience Mindset

Tweet This weekend’s ransomware attack that forced the closure of the largest U.S. fuel pipeline provides another powerful illustration of the need for a resilience mindset that

February 17, 2021

Spotlight on Kevin Henderson, Founder and CEO of Indenseo

Tweet By Marielle Rodriguez, Social Media and Brand Design Coordinator, Triple-I Kevin Henderson For Black History Month, Triple-I is putting the spotlight on Black entrepreneurs a

October 2, 2019

Intent and ability distinguish cyberrisk from natural perils

Tweet Cyberrisk is often compared with natural catastrophe-related threats, but a recent study by global reinsurer Guy Carpenter and analytics firm CyberCube suggests a better analogy is

June 6, 2024

Personal Auto Line Propels Strong 1QP&C Insurance Results

Tweet Strong improvements in personal auto insurance results helped drive the U.S. property and casualty insurance industry to its second-highest net underwriting gain in any qua

August 24, 2022

IRC Releases StateAuto InsuranceAffordability Rankings

Tweet Louisiana, Florida, and Michigan are the three least affordable states for personal auto insurance, according to a new report by the Insurance Research Council (IRC). The three

August 4, 2021

Brokers, Policyholders Need Greater Clarityon Cyber Coverage

Tweet By Loretta Worters, Vice President, Media Relations, Triple-I  Despite the prevalence of cyber threats and the increasing number and severity of incidents, directors, officers,

October 1, 2020

Ransomware claims rise in severity since start of pandemic

Tweet During the last week in September, Universal Health Services Inc., one of the largest hospital chains in the United States, began taking some ambulances out of service because

April 29, 2022

Cyberattacks Growingin Frequency, Severity, And Complexity

Tweet By Max Dorfman, Research Writer, Triple-I (04/29/2022) Several recent reports quantify the growing risk and cost of cyber attacks in 2021. Willis Towers Watson PLC, a mul

April 22, 2020

CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/22/2020)

Tweet Automobile InsuranceErie Insurance Offering $200M dividend to Auto Insurance Customers Amid PandemicIf Miles Driven Are Down, Why Are U.S. Auto Crashes Up?Business InterruptionFede

April 15, 2020

CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/15/2020)

Tweet Litigation Legal Experts Prepare for Battles Over Business Interruption Cover Travelers Sued Over Coronavirus Coverage Meal Delivery Services Sued Over Restaurant Prices Amid Pan

April 14, 2020

CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/14/2020)

Tweet Automobile InsuranceAuto Insurers Issuing $10.5 billion in Coronavirus RefundsCA Orders Insurers to Pay Back Premiums Due to VirusBusiness InterruptionFL Restaurant Files Class Act

January 19, 2023

Despite Warnings,Weak Password Policies Still Invite Cybercrime

Tweet By Max Dorfman, Research Writer, Triple-I It’s Cyber Security 101: Multi-factor authentication and hard-to-crack passwords are table stakes for preventing incursions. N

February 28, 2024

New Illinois BillsWould Harm — Not Help — Auto Policyholders

Tweet Two bills proposed in Illinois this year illustrate yet again the need for lawmakers to better understand how insurance works. Illinois HB 4767 and HB 4611 – like their 2

February 22, 2019

Latest Driverless Vehicle Roadblock: Bicycles

May 28, 2019

Auto insurance prices and overall inflation

Tweet By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute  There is remarkable good news on the auto insurance front— auto insurance prices have been trending down

June 15, 2022

Distracted Driving Surges Since Start of Pandemic

Tweet By Max Dorfman, Research Writer, Triple-I Distracted driving in the United States has risen more than 30 percent from February 2020 to February 2022, as the coronavirus pand

May 13, 2021

Here’s what’s happening to your auto insurance costs

Tweet By James Lynch, Chief Actuary, Senior Vice President of Research and Education, Triple-I You’ve probably been reading news stories about rising inflation, and auto insuran

December 15, 2020

The Dangers of Driving During the Holiday Season

Tweet By Max Dorfman, Research Writer, Triple-I As the holiday season continues to ramp up, it’s important to remember that this time of year is particularly risky for driving.