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 t
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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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June 26, 2020
National Insurance Awareness Day
Tweet June 28 is National Insurance Awareness Day, which means it’s a good day to evaluate your insurance coverage and assess your risk. Triple-I has put together a video to help remi
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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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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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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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January 16, 2019
Reminder: your smart home security system is hackable
Tweet Doors that can be locked remotely with a smartphone app. Facial recognition cameras that alert you when certain people arrive at your front door. Motion sensors that trigger video
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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 Annual
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October 28, 2019
Cyber Insurance: Why Do Small Firms Do Without?
Tweet Small-business owners know cyber risk threatens them – but many still are dubious about cyber insurance. Why? Smaller businesses seem to be getting the message that cyber risk isn’t
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May 27, 2022
Cyber Premiums Nearly Doubled as Losses Fell
Tweet By Max Dorfman, Research Writer, Triple-I Direct written premiums for cyber policies grew sharply in 2021 from 2020, spurred by claims activity and cyber incidents. Accordin
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April 15, 2021
Distracted driving during the pandemic
Tweet Getty Images Activities that take drivers’ attention off the road, including talking or texting on mobile devices, eating, and talking with passengers, are a major safety threat
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March 15, 2024
Auto Insurers Contend With Rising Costs
Tweet By Max Dorfman, Research Writer, Triple-I Auto premiums continue to increase as rising labor and material prices, alongside natural disasters, are forcing insurers to co
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June 14, 2021
Cyber Risk Gets Real, Demands New Approaches
Tweet With the cyber risk environment worsening significantly, a recent A.M. Best report says, “prospects for the U.S. cyber insurance market are grim.” The recent proliferation o
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February 22, 2022
Acting to Curb Rising Auto Fatalities
Tweet By Max Dorfman, Research Writer, Triple-I After years of steady declines, traffic fatalities in the United States are on the rise, contributing to increasing auto insurance
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May 23, 2019
Memorial Day weekend road safety tips
Tweet The Memorial Day weekend brings masses of holiday travelers out on the road, and that unfortunately means more accidents. One recent study found that Memorial Day is the deadliest
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May 6, 2021
Be prepared for hail
Tweet Hailstorms are among the most destructive weather events, with hailstones ranging in size from a pea to a grapefruit. When these frozen missiles plummet from the sky, damage t
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October 25, 2019
Bridging the Cyber Insurance Data Gap
Tweet Cyber risks are opportunistic and indiscriminate, exploiting random system flaws and lapses in human judgment. Underwriting cyberrisk is beyond difficult. It’s a newer peril, an
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April 10, 2019
Hope the (fire)wall is high enough
Tweet Getty Images Fans of Game of Thrones are getting ready to learn the fate of their favorite characters when the final season of the show starts airing on HBO on April 14th. At the sa
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April 4, 2024
The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.
Tweet Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. These attacks caused a five-year high of $12.5 billion in losses, with in
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March 22, 2021
U.S. Drivers Spent $13 Billion in One Year to Protect Against Uninsured and Underinsured Drivers: IRC Report
Tweet One in eight drivers on U.S. roads was without auto insurance in 2019, according to a report released today by the Insurance Research Council (IRC). At-fault drivers who d
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January 31, 2023
Florida Auto Legislation, on Heels of 2022 Reforms, Suggests State is Serious About Insurance Crisis Fix
Tweet Florida legislation proposed last week would prevent the state’s motorists from assigning their legal rights in auto insurance claims to repair shops. Assignment of ben
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March 9, 2021
Businesses are urged to take steps immediately to mitigate massive data breach tied to Chinese hackers
Tweet CISA urges ALL organizations across ALL sectors to follow guidance to address the widespread domestic and international exploitation of Microsoft Exchange Server product vulne
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July 7, 2020
Based on gas consumption, we’re nearly back to driving at pre-pandemic/recession levels
Tweet By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute The U.S. Energy Information Administration (EIA) publishes extensive data on petroleum production, r
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