Business Insurance

Protect your business with customized insurance solutions. Cover your assets, employees, and operations against potential risks and liabilities.

JIF Insights: Cowbell CEO  On Simplifying Cyber For Smaller Firms

January 22, 2020

JIF Insights: Cowbell CEO On Simplifying Cyber For Smaller Firms

Tweet At Triple-I’s Joint Industry Forum last week, I had the opportunity to meet with Jack Kudale, CEO and founder of Cowbell Cyber, and learn more about how the startup aims to simplify

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Michigan No-Fault Reform Yields Fewer Claims, Lower Premiums

April 5, 2023

Michigan No-Fault Reform Yields Fewer Claims, Lower Premiums

Tweet By Max Dorfman, Research Writer, Triple-I Michigan’s no-fault system reform law, effective in 2020, has led to personal auto insurers paying out fewer claims and many driver

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Keep It Simple:Security System Complexity Correlates With Breach Costs

August 23, 2023

Keep It Simple:Security System Complexity Correlates With Breach Costs

Tweet By Max Dorfman, Research Writer, Triple-I Artificial intelligence is helping to limit the costs associated with data breaches, a recent study by IBM and the Ponemon Institut

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Chubb Study Parses  Insurance-Buying Behavior By Generation

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.

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Why Personal Auto Insurance RatesAre Likely to Keep Rising

March 3, 2022

Why Personal Auto Insurance RatesAre Likely to Keep Rising

Tweet Personal auto insurance premium rates have returned to pre-pandemic levels, but several trends are likely to sustain upward pressure on rates, according to a new Triple-I Issue

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IRC Outlines Florida’sAuto Insurance Affordability Problems

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

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Will PandemicDriving Trends PersistAfter COVID-19 Passes?

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

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Study Highlights Costof Data Breachesin a Remote-Work World

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

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

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 of it

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Florida’s assignment of benefits crisis: PowerPoint slides now available

January 14, 2019

Florida’s assignment of benefits crisis: PowerPoint slides now available

Tweet On December 11, 2018 the Insurance Information Institute (I.I.I.) published a report documenting Florida’s assignment of benefits crisis – what the crisis is, how it’s spreading and

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Georgia Is Among the Least Affordable States for Auto Insurance

August 8, 2024

Georgia Is Among the Least Affordable States for Auto Insurance

Tweet By Max Dorfman, Research Writer, Triple-I Georgia’s personal auto insurance affordability has significantly worsened over the past decade and a half, making it one of th

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Despite Fewer Claims, Personal Auto Insurance Payouts Increase

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

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Intent and ability distinguish cyberrisk from natural perils

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

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Man-made and Natural Hazards Both Demanda Resilience Mindset

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 appl

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Personal Auto Line Propels Strong 1QP&C Insurance Results

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

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IRC Releases StateAuto InsuranceAffordability Rankings

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

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Spotlight on Kevin Henderson, Founder and CEO of Indenseo

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

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Ransomware claims rise in severity since start of pandemic

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

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Actuarial Studies Advance Discussionon Bias, Modeling, and A.I.

September 24, 2024

Actuarial Studies Advance Discussionon Bias, Modeling, and A.I.

Tweet The Casualty Actuarial Society (CAS) has added to its growing body of research to help actuaries detect and address potential bias in property/casualty insurance pricing wi

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Insurance Underwritingand Economic Analysis: “Art and Science”

June 27, 2024

Insurance Underwritingand Economic Analysis: “Art and Science”

Tweet By Lewis Nibbelin, Guest Blogger for Triple-I Home and auto insurance premium rates have been a topic of considerable public discussion as rising replacement costs and o

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Cyberattacks Growingin Frequency, Severity, And Complexity

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

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New Illinois BillsWould Harm — Not Help — Auto Policyholders

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 202

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Distracted Driving Surges Since Start of Pandemic

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

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

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 insurance

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