Business Insurance

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

The Dangers of Driving During the Holiday Season

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. Th

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Inflation Continuesto Drive Up Consumers’ Insurance Costs

October 25, 2024

Inflation Continuesto Drive Up Consumers’ Insurance Costs

Tweet By William Nibbelin, Senior Research Actuary, Triple-I Insurance is priced to reflect the underlying risk of every policy. When more claims are filed and the average amo

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A Little Care Can Prevent Tree Damage to Property

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 ox

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Life & Death: Cyberattacks Interrupt More Than Business

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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Fish Smashes Windshield; Will Insurance Cover It?

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 slo

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CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/21/2020)

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 Tripl

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CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/17/2020)

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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CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/16/2020)

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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CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/13/2020)

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 f

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Getting the right insurance for moving

August 24, 2020

Getting the right insurance for moving

Tweet For a variety of reasons, many people have moved during the pandemic. One in five U.S. adults either changed residence due to the pandemic or know someone who did, according

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Auto insurance prices and overall inflation

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 downwar

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Latest Driverless Vehicle Roadblock: Bicycles

February 22, 2019

Latest Driverless Vehicle Roadblock: Bicycles

Tweet I hope he’s wearing a helmet. As someone who (perhaps unwisely), likes to bike around New York, I’ve long looked forward to driverless cars. They can’t drive drunk. They won’t drive

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Auto insurance rating factors explained

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 number

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Florida has passed AOB reform – but will it be enough?

May 14, 2019

Florida has passed AOB reform – but will it be enough?

Tweet As we noted a few weeks ago, the Florida Senate has passed a bill designed to reform parts of the state’s insurance assignment of benefits (AOB) system. Governor Ron DeSantis has st

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Florida legislature passes AOB reform

April 25, 2019

Florida legislature passes AOB reform

Tweet Insurance Journal reports that the Florida Senate has passed a bill designed to reform parts of the state’s insurance assignment of benefits (AOB) system. Governor Ron DeSantis has

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The dog ate my couch: animal damage and insurance

January 16, 2019

The dog ate my couch: animal damage and insurance

Tweet always scheming You may have read the recent story featured in the I.I.I. Daily about raccoon damage and homeowners insurance. The gist: raccoons got into a house and caused $80,000

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Insurers Respond to COVID-19 Wrap-Up (4/10/2020)

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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Auto Premiums Climbing; Are They “Affordable”?

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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Tariffs and Auto Insurance

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 rep

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Putting Car Insurance Prices Into Perspective

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 ins

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Ransomware payments doubled in fourth quarter 2019

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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Keeping Halloween Safe, Even During a Pandemic

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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Insurers Respond to COVID-19 (4/17/2020)

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 Informa

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Cyber Tops Allianz 2022 Survey of Business Risks

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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