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August 14, 2024
Tweet Max Dorfman, Research Writer, Triple-I Louisiana’s personal auto insurance affordability improved to 2.67 percent of median household income in 2022 – down from 2.93 per
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June 15, 2021
Tweet Huge spikes in catalytic converter theft have been reported throughout the nation in recent months. The anti-pollution devices contain precious metals such as platinum, palladi
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August 1, 2024
Tweet By Max Dorfman, Research Writer, Triple-I Michigan personal auto insurance affordability improved markedly after enacting substantial auto insurance reform in 2019, according to
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February 6, 2020
Tweet Cyber is a relatively new, evolving risk. Insurers manage their exposures, in part, by setting coverage limits and excluding events they don’t want to insure. On December 20, 2019,
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October 31, 2023
Tweet By Max Dorfman, Research Writer, Triple-I About one out of seven U.S. drivers (14.0 percent) operated a private-passenger vehicle without liability insurance in 2022, accord
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April 29, 2020
Tweet How will the COVID-19 pandemic affect auto insurers in the longer term? No one knows for sure, of course, but a new McKinsey study provides a framework for considering the ques
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July 1, 2020
Tweet Insurers refunded $1.2 billion to California policyholders as of June 26, according to actuarial firm Perr & Knight. The California Department of Insurance (CDI) ordered
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July 29, 2021
Tweet Lower-risk drivers should pay less for auto insurance, and premiums have closely tracked broader U.S. economic trends for decades, Triple-I told the U.S. Treasury Department’s
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February 12, 2024
Tweet As the number of cyber security breaches soars, direct written premiums (DPW) for cyber insurance worldwide could rise to $23 billion by 2025, with U.S. businesses paying about
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October 10, 2024
Tweet The U.S. property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting
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August 16, 2022
Tweet Max Dorfman, Research Writer, Triple-I State prohibitions on cellphone use while driving correlate with reduced crash rates, according to recent research by the Insurance In
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June 28, 2022
Tweet Most Americans believe attorney advertising increases the number of liability insurance claims and lawsuits, according to recent research from the Insurance Research Council (I
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May 6, 2020
Tweet Since people are driving less in the midst of COVID-19 related stay-at-home orders, many auto insurers have responded with premium refunds totaling about $10 billion. How ar
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June 15, 2021
Tweet In a recent interview with CNBC, Dr. Michel Léonard, Triple-I vice president and senior economist, explained how the return to pre-pandemic driving levels is resulting in highe
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November 23, 2020
Tweet Drivers seem to have become more comfortable in the past year with the idea of giving up their data to help insurers more accurately price their coverage. In May 2019, mobil
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October 22, 2020
Tweet By Loretta Worters, Vice President, Media Relations, Triple-I Advanced Persistent Threat groups and cybercriminals are likely to continue to exploit the COVID-19 pandemic ov
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December 9, 2022
Tweet By Max Dorfman, Research Writer, Triple-I Insurance groups argue that new laws in California and New Jersey that raise the minimum auto liability coverage required for drive
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March 9, 2021
Tweet Class action lawsuits filed in Nevada last month against 10 auto insurers are more likely to hurt policyholders than help them. The suits contend that discounts, rebates, an
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March 28, 2023
Tweet As Florida strives to address the issues that led to its current property/casualty insurance crisis, another hurricane-prone coastal state, Louisiana, is navigating its own ins
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March 16, 2020
Tweet Triple-I recently was asked to comment on two measures now before the House Committee on Financial Services. H.R. 1756, an amendment to the Fair Credit Reporting Act, would pr
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June 11, 2024
Tweet Several metrics that influence auto insurance premium rates are starting to improve, but it will take time for these improvements to be reflected in flattening rates, accor
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February 16, 2023
Tweet Florida Gov. Ron DeSantis’s proposed insurance fraud and legal system abuse reforms, announced this week for consideration during the legislative session that begins in March,
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October 22, 2020
Tweet Auto insurers used the decline in auto damage claims during the COVID-19 pandemic as an opportunity to refine their claims processes, and customers have noticed. According t
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May 31, 2023
Tweet By Max Dorfman, Research Writer, Triple-I Insurance agencies that adopt digital methods to interact with customers have seen their revenues grow faster than their less digit
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