May 16, 2019
Auto insurance rating factors explained
Tweet By James Lynch, Chief Actuary, Insurance Information Institute With automobile rating factors in the news, here at Insurance Information Institute we have been fielding a numb
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April 29, 2021
A Little Care Can Prevent Tree Damage to Property
Tweet People have a mixed relationship with trees. On the one hand, trees provide beauty and shade – along with reducing carbon dioxide in the atmosphere and providing much of the
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June 3, 2019
Tariffs and Auto Insurance
Tweet By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute Thursday’s announcement of escalating tariffs on Mexico could further squeeze auto insurers by making
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December 24, 2019
Fish Smashes Windshield; Will Insurance Cover It?
Tweet Sometimes the blog posts just write themselves. ABC News in North Carolina reports that a driver in the state looked up and saw a bird carrying a huge fish. “It was one of those
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April 10, 2020
Insurers Respond to COVID-19 Wrap-Up (4/10/2020)
Tweet Auto insurance refunds Auto insurers are giving refunds to their customers as people are driving less due to coronavirus shut-downs. No action is required by customers to re
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January 8, 2020
Auto Premiums Climbing; Are They “Affordable”?
Tweet Car insurance premiums have risen steadily since 2009 at a faster pace than inflation, according to a recent paper in the Journal of Insurance Regulation. Transportation is essentia
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November 26, 2019
Life & Death: Cyberattacks Interrupt More Than Business
Tweet Cyberattacks on hospitals can lead to increased death rates among heart patients, recent research suggests. This research emerges as attacks on health facilities are reported to hav
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April 16, 2020
CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/16/2020)
Tweet Legislation and regulationDemocrats Plan Legislation to Force Insurance Companies to Pay Out for Pandemic LossesThompson Introduces the Business Interruption Insurance Coverage Act
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April 21, 2020
CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/21/2020)
Tweet Automobile InsuranceActing on ‘Thin’ Data, Auto Insurers Retain Flexibility With Premium CreditsSpeeders Take Over Empty Roads — With Fatal ConsequencesBusiness Interruption
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April 17, 2020
CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/17/2020)
Tweet Auto InsuranceStay-at-home Pandemic Orders Reduce Auto Claims Almost by HalfAs Coronavirus Empties Streets, Speeders Hit the GasBusiness InterruptionUK Watchdog Orders Insurers to
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April 16, 2020
Putting Car Insurance Prices Into Perspective
Tweet As car insurers help their customers cope with the pandemic’s economic impact through premium refunds and other relief measures and some groups complain the efforts are i
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April 17, 2020
Insurers Respond to COVID-19 (4/17/2020)
Tweet Auto insurance refunds U.S. auto insurers will return more than $10 billion to their customers nationwide, according to an estimate released on April 11 by the Insurance Inform
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April 13, 2020
CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/13/2020)
Tweet Auto Insurance Car Insurance Refunds Become Standard Issue State Farm Rolls Out $2 Billion Consumer Financial Relief ProgramThe Landscape Has Changed Dramatically’: Donelon Calls
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January 30, 2020
Ransomware payments doubled in fourth quarter 2019
Tweet The average ransomware payment increased by a whopping 104 percent in the fourth quarter of 2019, spiking to $84,116 from $41,198 in Q3, according to a report from Coveware, a secur
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July 14, 2021
Social Inflation:Eating the ElephantIn the Room
Tweet It has been said the best way to eat an elephant is “one bite at a time.” Social inflation is an elephantine topic, so we’re launching a series of blog posts dedicated to eac
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May 7, 2020
Insurers Respond to COVID-19 (5/08/2020)
Tweet Auto insurance refunds U.S. auto insurers will return over $10 billion to their customers nationwide, according to an Insurance Information Institute estimate, in response
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June 4, 2020
Insurers respond to COVID-19 (6/05/2020)
Tweet With a number of carriers increasing the credit they are giving on their policies, U.S. auto insurers will return over $14 billion to their customers nationwide in response to
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July 2, 2020
My floodiversary
Tweet Getty Images Today marks one year when my car got flooded, I got stranded, and I learned a huge lesson: I call it my floodiversary. We keep a small saltwater tank, and to kee
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October 14, 2020
Keeping Halloween Safe, Even During a Pandemic
Tweet Dan and Ben, ready for a safety-conscious Halloween last year. My five-year-old nephew, Ben, is a great source of pride to his electrician father, Dan. Last Halloween, Ben refus
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January 15, 2021
Auto insurance rates decline across the U.S.
Tweet Auto insurance rates declined in 2020 for the first time in a decade, according to a recent survey by ValuePenguin.com. The survey results anticipate a 1.7 percent decline nati
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February 1, 2022
Cyber Tops Allianz 2022 Survey of Business Risks
Tweet By Max Dorfman, Research Writer, Triple-I Cyber incidents are the top threat to businesses, according to the latest Allianz Risk Barometer survey, up from third place in 202
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November 10, 2020
COVID-19: Impact on Auto Insurance
Tweet Triple-I’s chief actuary, James Lynch, gave this talk on the changes that COVID-19 is bringing to the automobile insurance business, at the American Academy of Actuaries Annu
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September 22, 2022
Kia, Hyundai Vehicles Stolen at Record Rates
Tweet Max Dorfman, Research Writer, Triple-I Bargain-priced Kia and Hyundai vehicles have begun being targeted for theft at rates similar to muscle cars and SUVs, the Highway Loss
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March 10, 2022
Actuaries Tackle Race in Insurance Pricing
Tweet The Casualty Actuarial Society (CAS) has developed a series of papers examining the issue of race and insurance pricing and seeking to contribute constructively to the policy d
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