Business Insurance

April 16, 2019

Making sense of the dip in property/casualty carrier employment

Tweet By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute   On a seasonally-adjusted basis, the number of people working for property/casualty (p/c) insurers has be

November 14, 2023

Homeowners Insurance Costs Exceeded Inflation From 2000 to 2020

Tweet By Max Dorfman, Research Writer, Triple-I The cost of homeowners insurance outpaced inflation from 2000 to 2020, according to new research by the Insurance Research Council

August 12, 2020

Business Interruption vs. Event Cancellation: What’s the Big Difference?

Tweet As I’ve written previously, the question of whether business interruption provisions in commercial property insurance apply to COVID-19-related losses has become a major topic of

June 11, 2020

Get Your Business Ready for Severe Weather – How to Prepare, Respond & Recover

Tweet A natural disaster will strike no matter where you live in the United States. It’s is not a question of if, but when. But if you’re prepared, the damaging impact of a tor

November 16, 2020

Top Insurance Markets to See 4.5 Percent GDP Decrease In 2020

Tweet The world’s 10 largest insurance markets are cumulatively expected to see their Gross Domestic Product (GDP) decrease by 4.5 percent in 2020 compared to 2019 because of COVID

September 25, 2020

Fed’s Rate Move Portends Long-Term Challenges for P/C Insurers

Tweet Dr. Steven N. Weisbart, CLU, Triple-I Senior Vice President and Chief Economist “The FOMC’s action will likely keep longer-term rates exceptionally low for several years mor

May 26, 2023

Debt Ceiling Debate Adds Heat to P/C Insurers’ Replacement Cost Woes

Tweet Uncertainty spawned by the debt ceiling debate will likely exacerbate the replacement cost inflation that has been putting upward pressure on property/casualty insurers’ loss

February 11, 2021

Experts discuss social inflation in a Tobin College of Business webinar

Tweet Social inflation – increasing insurance claims costs related to legislative and litigation trends – may be spreading beyond the United States, attendees were told at a webinar

January 12, 2021

What COVID-19 means for workers comp claims

Tweet So far, the impact of COVID-19 on workers compensation has not been as great as first feared. The National Council on Compensation Insurance (NCCI) reported that as of the seco

January 10, 2019

Roundup: How the federal government shutdown is affecting its agencies

Tweet By Jennifer Ha,  Head of Editorial and Publications, Insurance Information Institute According to the New York Times, the current shutdown is one of the longest

June 19, 2020

Pandemic Insurance Was Available. Why Didn’t Businesses Purchase It?

Tweet By James Ballot, Senior Advisor, Strategic Communications, Triple-I Business interruption policies generally exclude losses from closures due to virus or bacteria. Yet insur

June 12, 2019

Bodily Injury Liability Prices and Overall Inflation

Tweet By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute    There is good news on the bodily-injury liability insurance front, but no one seems to have noticed. Th

September 6, 2019

Employment Trends in the Insurance Industry

Tweet Dr. Steven Weisbart By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute On September 6, 2019, the U.S. Bureau of Labor Statistics announced that the U.S. econom

August 28, 2023

How Liberty Mutual Foundation BringsRisk ManagementInto Communities

Tweet By Max Dorfman, Research Writer, Triple-I Nature-based solutions, green jobs, and resilient infrastructure are at the core of Liberty Mutual Foundation’s approach to helpi

July 22, 2021

As Nat Cat Losses Mount, A Resilience Mindset Matters More Than Ever

Tweet Insurance is essential for individuals, businesses, and communities to recover quickly from natural  catastrophes – but perils have evolved to a point at which risk transfer

July 23, 2024

Economic & Actuarial Analyses Ensure Our “Best Pick Is Our Last Pick”

Tweet By Lewis Nibbelin, Guest Blogger for Triple-I Insurance underwriting and pricing require a clear view of loss experience and reliable economic projections. Today’s dyn

November 27, 2019

Workers Comp 2019:Sixth Straight Yearof Underwriting Profits

Tweet Private workers compensation insurers were slightly less profitable in 2019 than their 2018 record, according to a preliminary analysis by the National Council of Compensation Insur

March 4, 2021

Triple-I CEO to speakat RAA Catastrophe Risk Management Conference

Tweet Sean Kevelighan, Triple-I CEO, will be a featured speaker at the Reinsurance Association of America’s 18th annual Cat Risk Management conference as part of a COVID-19 panel

November 2, 2023

Convective Storm Losses Hamper P&C Profitability; Rebound Expected by 2025

Tweet By Max Dorfman, Research Writer, Triple-I Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty

May 8, 2023

Jobs Outperform,Setting Stage for More Monetary Tightening

Tweet By Dr. Michel Léonard, Chief Economist and Data Scientist, and Riley Conlon, Research Analyst, Triple-I U.S. employment remains more resilient than expected given monetary

June 17, 2020

P&C COVID-19 Wrap-upThe Path to Reopening

June 11, 2020

Taking Care with Economic Headlines

Tweet By Dr. Steven Weisbart, Chief Economist, Insurance Information Institute Dr. Steven Weisbart In normal times, economic news isn’t something many people pay attention to, o

April 26, 2022

Insurers, Regulators Push Back on Changes In S&P Rating Criteria

Tweet Insurers, regulators, and members of Congress have expressed concern about proposed changes in how Standard & Poor’s Global Ratings defines “available capital” in its

April 6, 2021

Triple-I Paper Takes a Detailed Look at Member-Owned Group Captives

Tweet A captive insurance company is a type of risk-management arrangement that essentially works like self-insurance. While “single-parent” captives are financially possible o