Business Insurance

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Florida Dropped From 2020 “Judicial Hellholes” List

January 14, 2020

Florida Dropped From 2020 “Judicial Hellholes” List

Tweet Each year the American Tort Reform Association (ATRA) publishes a list of “Judicial Hellholes”  — places where ATRA says laws and court procedures are applied in an “unfair and unba

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A world without TRIA: premiums skyrocket following 9/11

October 9, 2019

A world without TRIA: premiums skyrocket following 9/11

Tweet Below is an abstract from the I.I.I. database citing a Wall Street Journal article from October 8, 2001. It describes the sharp increase in insurance rates immediately following the

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Business Interruption Coverage: Policy Language Rules

May 8, 2020

Business Interruption Coverage: Policy Language Rules

Tweet Whether business interruption coverage in property policies applies to COVID-19-related losses has become one of the dominant insurance debates during this pandemic. Lawsuits h

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CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/22/2020)

April 22, 2020

CORONAVIRUS WRAP-UP: PROPERTY AND CASUALTY (4/22/2020)

Tweet Automobile InsuranceErie Insurance Offering $200M dividend to Auto Insurance Customers Amid PandemicIf Miles Driven Are Down, Why Are U.S. Auto Crashes Up?Business InterruptionFede

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COVID-19 & Beyond: Study  Highlights Claims Trends

October 6, 2020

COVID-19 & Beyond: Study Highlights Claims Trends

Tweet Commercial insurance loss estimates related to the COVID-19 pandemic vary widely, with Lloyd’s estimating global claims as high as $107 billion in 2020 and analysts from invest

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Tort Reform Group Promotes “Lawsuit Abuse Awareness”

October 9, 2020

Tort Reform Group Promotes “Lawsuit Abuse Awareness”

Tweet While ridiculous sounding lawsuits are common in our litigious society, some stand out because they sound so preposterous they could have been the plot of a “Seinfeld” episode.

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Coronavirus Wrap-up: Property and Casualty (4/8/2020)

April 8, 2020

Coronavirus Wrap-up: Property and Casualty (4/8/2020)

Tweet An article in Claims Journal: Anticipated Coronavirus Claims Scenarios Across Major Coverage Lines discusses the wide range of insurance lines in which claims could rise, wheth

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Business Interruption Claims Related to COVID-19

April 1, 2020

Business Interruption Claims Related to COVID-19

Tweet By Michael Menapace, Esq.  The COVID-19 pandemic is unprecedented in many ways.  The human toll is first and foremost on our minds (as it should be), but as an insurance p

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Social Inflation:Eating the ElephantIn the Room

July 14, 2021

Social Inflation:Eating the ElephantIn the Room

Tweet It has been said the best way to eat an elephant is “one bite at a time.” Social inflation is an elephantine topic, so we’re launching a series of blog posts dedicated to each piec

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I.I.I. report contemplates a world without TRIA

September 9, 2019

I.I.I. report contemplates a world without TRIA

Tweet Terrorism, by design, is unpredictable, hugely destructive, and to date uninsurable through private market methods alone. Few events demonstrate this better than the 9/11 attacks,

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Piracy Is Still a Risk; Pandemic Hasn’t Helped

August 10, 2021

Piracy Is Still a Risk; Pandemic Hasn’t Helped

Tweet August is International Pirate Month – mainly, I suppose, because it’s fun to say “Arrrg-ust” like a Caribbean swashbuckler from the movies.  But many people outside the mariti

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Triple-I celebrates Black History Month

February 3, 2021

Triple-I celebrates Black History Month

Tweet By Scott Holeman, Director, Media Relations, Triple-I During Black History Month, we are sharing inspirational stories from Black business owners who are demonstrating res

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Mitigating Shipping Risk Benefits Everybody

August 25, 2021

Mitigating Shipping Risk Benefits Everybody

Tweet (Photo by Mahmoud Khaled/Getty Images) By Captain Andrew Kinsey, Senior Marine Risk Consultant at Allianz Global & Corporate Specialty When an Amazon package arrives at o

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Rampaging animals and farm liability insurance

March 18, 2019

Rampaging animals and farm liability insurance

Tweet (thankfully) placid cows According to Deutsche Welle, an Austrian court has held a farmer liable after one of his cows killed a hiker walking through his farm. The article reported

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Legislatures  AdvanceCOVID-19-related Bills

August 7, 2020

Legislatures AdvanceCOVID-19-related Bills

Tweet As states struggle to identify the best ways to reopen their economies, agencies, and schools from the coronavirus-related lockdown, legislatures have been moving forward legislati

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Litigation during the coronavirus pandemic

April 14, 2020

Litigation during the coronavirus pandemic

Tweet By Brent Carris, Research Analyst, Triple-I The coronavirus crisis is taking a toll on the U.S. legal system as courts are restricting access and altering procedures. Denton

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Pandemic Fuels Growth in Captive Insurance

April 4, 2022

Pandemic Fuels Growth in Captive Insurance

Tweet By Max Dorfman, Research Writer The coronavirus pandemic and the financial challenges it presents have fueled growth in captive insurance – a form of self-insurance in which one

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Knead to Know – Basics for Business Survival

November 25, 2020

Knead to Know – Basics for Business Survival

Tweet Dimitri Mikhaylov working the front register at Chelsea Bagel of Tudor City By Kris Maccini, Social Media Director, Triple-I In support of Small Business Saturday, November

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World’s Insurance Markets Hit Hard by COVID-19: Triple-I

June 11, 2020

World’s Insurance Markets Hit Hard by COVID-19: Triple-I

Tweet The world’s 10 largest insurance markets are cumulatively expected to see gross domestic product (GDP) decrease by 4.9 percent in 2020 compared to 2019 because of COVID-19, a

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NCCI Event Shines a Light on Workers Comp

June 10, 2024

NCCI Event Shines a Light on Workers Comp

Tweet William Nibbelin, Senior Research Actuary, Triple-I The recent National Council on Compensation Insurance (NCCI) Annual Insights Symposium (AIS) in Orlando, Fla., provided impor

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Maritime Day: Honoring An “Invisible” Industry

May 20, 2022

Maritime Day: Honoring An “Invisible” Industry

Tweet By Loretta Worters, Vice President, Media Relations, Triple-I  Maritime Day is a time-honored tradition that recognizes one of the United States’ most important industries.

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A Toast to Marine Insurance!

May 5, 2020

A Toast to Marine Insurance!

Tweet By John Novaria, Managing Director, Amplify When you think of winemaking, you picture grapes on the vine and a hearty glass of red on your table. But you probably don’t thin

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A COVID-19 Vaccine Is Precious Cargo

October 26, 2020

A COVID-19 Vaccine Is Precious Cargo

Tweet By John Miklus, President, American Institute of Marine Underwriters (AIMU) While it’s not a panacea, a vaccine for COVID-19 is expected to go a long way toward reducing the

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Swiss Re: “Zombies”Could Kill Recovery

June 9, 2021

Swiss Re: “Zombies”Could Kill Recovery

Tweet Global pandemic. Supply-chain disruptions. Increasingly costly cyber-attacks. Extreme weather and other climate-related hazards. And now, zombies. Swiss Re’s chi

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