Business Insurance

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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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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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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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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 (Trip

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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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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

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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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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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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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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

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“Silent” Echoes of 9/11 in Today’s Management of Cyber-Related Risks

September 7, 2021

“Silent” Echoes of 9/11 in Today’s Management of Cyber-Related Risks

Tweet “The cyber landscape to me looks a lot like the counterterrorism landscape did before 9/11.” – Garrett Graff , historian and journalist Before Sept. 11, 2001, terrorism co

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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 o

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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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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 agenci

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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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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 pollutio

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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 simpli

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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 driv

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Cannabis Industry Prospects Brighten;Risks, Challenges Remain

April 20, 2021

Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Tweet The future looks brighter every day for the cannabis industry. From recent findings that cannabis components may lead to treatment or even prevention of coronavirus infectio

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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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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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