Business Insurance

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New Triple-I Issue Brief Takes a Deep Dive into Legal System Abuse

February 27, 2024

New Triple-I Issue Brief Takes a Deep Dive into Legal System Abuse

Tweet The increasing frequency and severity of claims costs beyond insurer expectations continue to threaten insurance coverage and affordability. Triple-I’s latest Issue Brief, Legal Sy

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Cellphones Leading Cause of Distracted Driving; Telematics Can Help

January 25, 2024

Cellphones Leading Cause of Distracted Driving; Telematics Can Help

Tweet By Max Dorfman, Research Writer, Triple-I Distracted driving—which has significantly increased since the coronavirus pandemic—is most significantly affected by cellphone

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“Landscape of Fear”: What Wolves Can Teach Us About Risk Mitigation

May 25, 2021

“Landscape of Fear”: What Wolves Can Teach Us About Risk Mitigation

Tweet Reintroducing wolves into areas where they’ve previously been decimated seems to reduce car crashes involving deer by nearly 25 percent. Huh? What? Is this one of those “C

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Michigan Drivers Benefit From No-Fault Reforms; Rulings Constrain Gains

September 14, 2023

Michigan Drivers Benefit From No-Fault Reforms; Rulings Constrain Gains

Tweet By Max Dorfman, Research Writer, Triple-I The success of Michigan’s no-fault insurance reforms at reining in claims and contributing to premium reductions for many drivers h

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Triple-I: Drivers Benefit from a Competitive Auto Insurance Market

April 15, 2021

Triple-I: Drivers Benefit from a Competitive Auto Insurance Market

Tweet To maintain a competitive private-passenger auto insurance market, state lawmakers must allow insurers to use rating factors aimed at having lower-risk drivers pay less for c

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Triple-I, CAS Quantify Social Inflation’s Impact on Commercial Auto

February 8, 2022

Triple-I, CAS Quantify Social Inflation’s Impact on Commercial Auto

Tweet The phenomenon known as “social inflation” accounted for $20 billion in commercial auto liability claims between 2010 and 2019, a new study by Triple-I and the Casualty Actua

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IRC Releases State-by-State Auto Insurance Affordability Rankings

September 29, 2021

IRC Releases State-by-State Auto Insurance Affordability Rankings

Tweet Louisiana, Florida, and Michigan remain the least affordable states for auto insurance, while Iowa remains the most affordable, according to a new study from the Insurance Rese

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Pot Legalization Link To Car Crashes Variesby State, Study Finds

July 29, 2022

Pot Legalization Link To Car Crashes Variesby State, Study Finds

Tweet Max Dorfman, Research Writer, Triple-I Recreational marijuana use is associated with automobile crash trends, according to a paper published in the Journal of Studies on Al

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Crash-Avoidance Features Complicate Auto Repairs But Still Are Valued

March 8, 2023

Crash-Avoidance Features Complicate Auto Repairs But Still Are Valued

Tweet Max Dorfman, Research Writer, Triple-I As more new vehicles become equipped with crash-avoidance features, some owners report significant issues with the technologies after

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Personal Auto Insurers’ Losses Keep RisingDue to Multiple Factors

August 31, 2022

Personal Auto Insurers’ Losses Keep RisingDue to Multiple Factors

Tweet Nearly all the largest U.S. personal auto insurers reported poor financial results in the second quarter of 2022, according to an S&P Global Market Intelligence analysis. S

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Study: One third of Americans lie on auto insurance applications

March 6, 2019

Study: One third of Americans lie on auto insurance applications

Tweet Most people agree that honesty is the best policy, but when it comes to filling out insurance applications, many consumers are willing to fudge the truth to get a better rate. Acco

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Policyholder Dividends Soar as Auto Insurers Respond to Pandemic

October 20, 2020

Policyholder Dividends Soar as Auto Insurers Respond to Pandemic

Tweet Policyholder dividends have more than tripled so far this year, due largely to approximately $14 billion auto insurers have returned to policyholders in response to reduced dri

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Victimized Twice? Firms Paying Cyber Ransom Could Face U.S. Penalties

October 20, 2020

Victimized Twice? Firms Paying Cyber Ransom Could Face U.S. Penalties

Tweet Recent advisories from two U.S. Treasury agencies –  the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) – indicating that compani

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Auto damage claims growing twice as fast as inflation: IRC Study

November 30, 2020

Auto damage claims growing twice as fast as inflation: IRC Study

Tweet The average payment for auto physical damage insurance claims increased at more than double the rate of inflation from 2010 through 2018, according to a new study from the Insu

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Triple-I: U.S. Auto Insurers to Return $10.5 Billion to Customers

April 13, 2020

Triple-I: U.S. Auto Insurers to Return $10.5 Billion to Customers

Tweet 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 Information Institute (Triple

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Auto Insurance Premiums Face Downward Pressure Due to COVID-19

April 3, 2020

Auto Insurance Premiums Face Downward Pressure Due to COVID-19

Tweet Stay-at-home orders and other travel restrictions due to COVID-19 have limited the number of miles being driven and have consequently put pressure on auto insurers to rebate pr

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IRC: Insufficient Auto Insurance Coverage Is a National Problem

April 22, 2024

IRC: Insufficient Auto Insurance Coverage Is a National Problem

Tweet By Max Dorfman, Research Writer, Triple-I Nearly 16 percent (15.7) of U.S. drivers in 2022 had auto liability insurance limits that were too low to pay for damages or in

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Older Generations More Cyber Savvy Than Their Younger Counterparts

October 3, 2019

Older Generations More Cyber Savvy Than Their Younger Counterparts

Tweet By Loretta Worters, Vice President, Media Relations, Insurance Information Institute Getty images Despite a never-ending cycle of cyber breach headlines, individuals continue to be

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Reducing Traffic Fatalities and Injuries Through Vision Zero

March 4, 2022

Reducing Traffic Fatalities and Injuries Through Vision Zero

Tweet By Max Dorfman, Research Writer, Triple-I Local governments in the United States in recent years have begun adopting “Vision Zero” policies, which aim at cutting roadway fat

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Building a Robust Cyber Insurance Market Is Focus of Oct. 13 Panel

October 7, 2021

Building a Robust Cyber Insurance Market Is Focus of Oct. 13 Panel

Tweet Triple-I CEO Sean Kevelighan will join a virtual panel on Wednesday, Oct. 13, at 11 a.m., ET, to brief public policymakers on ways to build a robust cyber risk insurance market

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House Panel Approves Terrorism Insurance Backstop Reauthorization

November 7, 2019

House Panel Approves Terrorism Insurance Backstop Reauthorization

Tweet “Ground Zero,Lower Manhattan,NYC.” The House Financial Services Committee on October 31 approved an amended version of the Terrorism Risk Insurance Program Reauthorization Act of 20

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Are Cyberrisk Insurers This Decade’s Mortgage-Securities Investors?

October 31, 2019

Are Cyberrisk Insurers This Decade’s Mortgage-Securities Investors?

Tweet An awkward moment during  Advisen’s Cyber Risk Insights 2019 conference last week: Are cyber insurers falling down on the job, as many say lenders, regulators, and rating agencies d

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JIF 2022: Cyber Criminals Shift to Softer Targets And Reputation Threats

December 6, 2022

JIF 2022: Cyber Criminals Shift to Softer Targets And Reputation Threats

Tweet Photo credit: Don Pollard Cyber criminals continued to shift their tactics and adapt their techniques in 2022, according to experts speaking at the Triple-I Joint Industry Forum

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Catalytic Converter Thefts Up, SpurringLawmakers to Act

January 9, 2023

Catalytic Converter Thefts Up, SpurringLawmakers to Act

Tweet By Max Dorfman, Research Writer, Triple-I Rising thefts of catalytic converters – driven, at least in part, by increased black-market prices for the motor vehicle pollution-

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