Business Insurance

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

Delaware Legislature Adjourns Without Action on Banning Genderas Auto Insurance Factor

July 7, 2022

Delaware Legislature Adjourns Without Action on Banning Genderas Auto Insurance Factor

Tweet Delaware’s state Legislature adjourned for the year without the House taking action on Senate Bill (SB) 231, which called for prohibiting the use of gender as a rating factor

Read more >
2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

August 11, 2022

2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Tweet The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 for 2022, up 1.2 points from 2021, acc

Read more >
Illinois Bill Highlights Need for Education on Risk-Based Pricingof Insurance Coverage

February 14, 2023

Illinois Bill Highlights Need for Education on Risk-Based Pricingof Insurance Coverage

Tweet Legislation being considered in Illinois underscores the need for legislators and other policymakers to become better educated about the importance of risk-based pricing and ho

Read more >
Online Promotionof Car-Theft Techniques Adds to Upward Pressure on Insurance Premiums

January 24, 2023

Online Promotionof Car-Theft Techniques Adds to Upward Pressure on Insurance Premiums

Tweet Three anti-crime organizations have asked YouTube to take down all videos that teach people how to steal Kia and Hyundai automobiles. The organizations – the National Insuran

Read more >
Louisiana Is Least Affordable State for Personal Auto Coverage Across the South and U.S.

October 14, 2024

Louisiana Is Least Affordable State for Personal Auto Coverage Across the South and U.S.

Tweet Despite strong income growth that has helped improve personal auto insurance affordability in Louisiana, the state remains the least affordable among its Southern neighbors

Read more >
“A.I. Take the Wheel!” Drivers Put Too Much Faith in Assist Features, IIHS Survey Suggests

October 13, 2022

“A.I. Take the Wheel!” Drivers Put Too Much Faith in Assist Features, IIHS Survey Suggests

Tweet Too many car owners are too comfortable leaving their vehicles’ driver-assist features in charge, potentially putting themselves and others at risk, according to the Insuranc

Read more >
Education Can Overcome Doubts on Credit-Based Insurance Scores,IRC Survey Suggests

November 7, 2022

Education Can Overcome Doubts on Credit-Based Insurance Scores,IRC Survey Suggests

Tweet Consumer skepticism about the connection between credit history and future insurance claims appears to decline when the predictive power of credit-based insurance scores is exp

Read more >
Boise, Idaho has the nation’s safest drivers, according to Allstate city rankings

October 30, 2019

Boise, Idaho has the nation’s safest drivers, according to Allstate city rankings

Tweet It’s no wonder that Boise, Idaho is one of the nation’s fastest growing cities: It boasts a thriving job market, breathtaking natural vistas and a buzzing brewery scene. Boise

Read more >
FBI: Elder Fraud Up; Bolsters Case for Personal Cyber Insurance

September 19, 2024

FBI: Elder Fraud Up; Bolsters Case for Personal Cyber Insurance

Tweet By Neil Rekhi, Personal Cyber Product Lead, HSB Targeting of the demographic with the most to lose increases. In 2023, total losses reported to the FBI’s Internet C

Read more >
As Cybercriminals Act More Like Businesses, Insurers Must ThinkMore Like Criminals

December 7, 2021

As Cybercriminals Act More Like Businesses, Insurers Must ThinkMore Like Criminals

Tweet Credit for all photos in this post: Don Pollard Cybersecurity is no longer an emerging risk but a clear and present one for organizations of all sizes, panelists on a panel at T

Read more >
Improved Commercial Auto Underwriting Profitability Expected After Years of Struggle

October 25, 2024

Improved Commercial Auto Underwriting Profitability Expected After Years of Struggle

Tweet The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting property/

Read more >
Individuals Should Not Rely on Insurance to Protect Their Cryptocurrency Holdings

February 11, 2020

Individuals Should Not Rely on Insurance to Protect Their Cryptocurrency Holdings

Tweet By Michael Menapace, Esq.  Michael Menapace Many individuals and businesses hold some amount of cryptocurrency.  According to a recent survey, nearly 10 percent of Americans have

Read more >
Louisiana Still Least Affordable State for Personal Auto, Homeowners Insurance

December 13, 2023

Louisiana Still Least Affordable State for Personal Auto, Homeowners Insurance

Tweet By Max Dorfman, Research Writer, Triple-I Louisiana continues to be the least affordable state for personal auto and homeowners insurance, according to a new report by the I

Read more >
New U.S. Cyber Strategy Heralds Major Shift for Addressing Attacks

March 28, 2023

New U.S. Cyber Strategy Heralds Major Shift for Addressing Attacks

Tweet By Max Dorfman, Research Writer A maturing Internet of Things (IoT) calls for measures to increase cybersecurity at the national, international, and private sector levels, accor

Read more >
Truckers’ Premiums Keep Rising, Despite Safety Improvements, Coverage Changes

February 22, 2022

Truckers’ Premiums Keep Rising, Despite Safety Improvements, Coverage Changes

Tweet As with so many other goods and services, insurance for commercial trucks has become more costly since the pandemic – but a closer look at the numbers shows that this trend p

Read more >
Wedding Big Rigs to IoT: What Could Possibly Go Wrong?

October 8, 2019

Wedding Big Rigs to IoT: What Could Possibly Go Wrong?

Tweet “We went out again. We got maybe six steps before lights blared in our faces. It had crept up, big wheels barely turning on the gravel. It had been lying in wait and now it leaped

Read more >
Despite Improvements, Louisiana Is Still Least Affordable State for Auto Insurance

August 14, 2024

Despite Improvements, Louisiana Is Still Least Affordable State for Auto Insurance

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

Read more >
Consumers lack  understanding of personal cyber insurance: I.I.I./J.D. Power Survey

March 10, 2020

Consumers lack understanding of personal cyber insurance: I.I.I./J.D. Power Survey

Tweet Getty Images By Mary-Anne Firneno, Research Manager, Insurance Information Institute Americans have embraced the Internet of Things. As consumers own more internet-co

Read more >
Complex Risks in a Complicated World:Are Federal Government “Backstops” The Answer?

June 30, 2022

Complex Risks in a Complicated World:Are Federal Government “Backstops” The Answer?

Tweet Two U.S. agencies have agreed to explore the potential need for a federal mechanism – analogous to the one put into place for terrorism insurance after the 9/11 attacks – t

Read more >
Report: No-Fault Reforms Improved Michigan’s Personal Auto Insurance Affordability

August 1, 2024

Report: No-Fault Reforms Improved Michigan’s Personal Auto Insurance Affordability

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

Read more >
Valuable metals make catalytic converters an attractive target for thieves

June 15, 2021

Valuable metals make catalytic converters an attractive target for thieves

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

Read more >
Emerging cyber terrorism threats and the Federal Terrorism Risk Insurance Act

February 6, 2020

Emerging cyber terrorism threats and the Federal Terrorism Risk Insurance Act

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

Read more >
Uninsured Driving Dipped in 2022 After Pandemic Spurred a Multi-year Rise

October 31, 2023

Uninsured Driving Dipped in 2022 After Pandemic Spurred a Multi-year Rise

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

Read more >
Some Ways to Think About Virus’s Long-Term Impact on Insurer Profitability

April 29, 2020

Some Ways to Think About Virus’s Long-Term Impact on Insurer Profitability

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

Read more >