Business Insurance

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Triple-I Brief Discusses Homeowners Insurance Market Challenges

July 15, 2024

Triple-I Brief Discusses Homeowners Insurance Market Challenges

Tweet By Max Dorfman, Research Writer, Triple-I Homeowners insurance costs have continued to consistently rise in the wake of the pandemic, alongside several other challenges,

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Study Quantifies Future Climate Change Impact on Flood Losses

February 25, 2021

Study Quantifies Future Climate Change Impact on Flood Losses

Tweet A new study from the nonprofit First Street Foundation projects the impact climate change may have on U.S. flood losses. The report – The Cost of Climate: America’s Growing

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Dog Bite Liability Claims by State – Interactive Map

April 9, 2019

Dog Bite Liability Claims by State – Interactive Map

Tweet Getty Images Dogs provide millions of people with companionship, happiness and health benefits. But even dogs that are normally docile may bite when they are frightened or when defe

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As Building Costs Grow, Consider Your Homeowners’ Coverage

July 14, 2022

As Building Costs Grow, Consider Your Homeowners’ Coverage

Tweet By Max Dorfman, Research Writer, Triple-I (07/14/2022) Home construction and maintenance costs are on the rise, and homeowners should be factoring these trends into their in

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CSAA: When It Comesto Fighting Climate Risk, We’re All On the Same Side

December 6, 2023

CSAA: When It Comesto Fighting Climate Risk, We’re All On the Same Side

Tweet By Max Dorfman, Research Writer, Triple-I CSAA Insurance Group – a AAA insurer – is spurring innovation in the insurance industry through several initiatives tackling the da

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Milwaukee District Eyes Expanding Nature-Based Flood-Mitigation Plan

December 14, 2023

Milwaukee District Eyes Expanding Nature-Based Flood-Mitigation Plan

Tweet The Milwaukee Metropolitan Sewerage District (MMSD) is mitigating flood risks using reforestation, wetlands restoration, and other nature-based solutions. MMSD has developed a

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Attacking the Risk Crisis: Roadmap to Investmentin Flood Resilience

September 28, 2023

Attacking the Risk Crisis: Roadmap to Investmentin Flood Resilience

Tweet As part of its attack on the risk crisis, Triple-I recently participated in a project led by the National Institute of Building Sciences (NIBS) to develop a roadmap for mitigat

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Put a smoke alarm checkup on your spring cleaning list

March 22, 2019

Put a smoke alarm checkup on your spring cleaning list

Tweet istock.com By Lynne McChristian, I.I.I. Non-resident Scholar and Media Spokesperson Ah, spring! The season of renewal, of fresh beginnings, of flowers in bloom – and of fresh batter

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Triple-I Paper Looks at Convective Storms, Mitigation, and Resilience

May 7, 2020

Triple-I Paper Looks at Convective Storms, Mitigation, and Resilience

Tweet Severe convective storms—tornadoes, hail, drenching thunderstorms with lightning, and damaging straight-line winds—are among the biggest threats to life and property in the Uni

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Mangrove Insurance: Parametric + Indemnity May Aid Coastal Resilience

October 29, 2020

Mangrove Insurance: Parametric + Indemnity May Aid Coastal Resilience

Tweet Earlier this year, I wrote about the role mangrove forests and coral reefs play in mitigating tropical storm damage and how insurance might help protect these critical resource

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Hurricane Delta Triggered Coral Reef Parametric Insurance

November 2, 2020

Hurricane Delta Triggered Coral Reef Parametric Insurance

Tweet Hurricane Delta last month triggered a 17 million peso (US $800,000) insurance payout to the  Trust for the Integrated Management of the Coastal Zone, Social Development, and S

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Ahead of Hurricane Sally’s Rains, Many Lack Flood Insurance

September 16, 2020

Ahead of Hurricane Sally’s Rains, Many Lack Flood Insurance

Tweet As Hurricane Sally slowly moves over the Gulf Coast in the next few days, historical flooding is predicted from rainfall for parts of Alabama, Georgia, Mississippi, Louisiana,

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Earthquakes:You Can’t Predict Them, But You Can Prepare

March 8, 2022

Earthquakes:You Can’t Predict Them, But You Can Prepare

Tweet By Max Dorfman, Research Writer, Triple-I “Neither the United States Geological Survey (USGS) nor any other scientists have accurately predicted a major earthquake,” accordi

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Dog-Related Injury Claims Nearly $900 Million in 2021

April 12, 2022

Dog-Related Injury Claims Nearly $900 Million in 2021

Tweet Despite relaxation of pandemic-related restrictions, behavioral issues in pets and rising costs persist. By Loretta Worters, Vice President, Media Relations, Triple-I As pet

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Florida’s AOB Crisis: A Social-Inflation Microcosm

November 8, 2019

Florida’s AOB Crisis: A Social-Inflation Microcosm

Tweet Never heard of “social inflation”? It’s a fancy term to describe rising litigation costs and their impact on insurers’ claim payouts, loss ratios, and, ultimately, how much policyho

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Fla. P&C Crisis Worsens As Hurricane Season Begins

June 10, 2022

Fla. P&C Crisis Worsens As Hurricane Season Begins

Tweet Already this year, three Florida insurers have been declared insolvent due to their failure to obtain full reinsurance as the 2022 hurricane season bears down. “We have the

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CSU: Post-Helene, 2 More “Above Normal” Weeks Of Storm Activity Expected

October 2, 2024

CSU: Post-Helene, 2 More “Above Normal” Weeks Of Storm Activity Expected

Tweet (Photo by Joe Raedle/Getty Images) As work continues to address the harm inflicted by Hurricane Helene, researchers at Colorado State University (CSU) warn that the next two wee

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Water damage is costing homeowners billions. Could IoT help?

January 4, 2019

Water damage is costing homeowners billions. Could IoT help?

Tweet Pop quiz: what’s one of the most common types of homeowners insurance claims? (Hint: it’s not fire.) It’s water damage. Maybe that’s not surprising – it rains a lot in many places.

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Ida Expected to Hit Northern Gulf CoastThis Weekend

August 27, 2021

Ida Expected to Hit Northern Gulf CoastThis Weekend

Tweet Hurricane Ida is forecast to hit the Northern Gulf Coast this weekend as a major hurricane. Residents from the Upper Texas Coast to the Florida Panhandle are warned to prepa

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Expanded Triple-I Flood Risk Maps Provide Richer Perspective

January 11, 2021

Expanded Triple-I Flood Risk Maps Provide Richer Perspective

Tweet The Triple-I Resilience Accelerator’s flood risk visualization tool is being enhanced with: National Flood Insurance Program (NFIP) data on “take-up rates” by U.S. county fr

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Earthquakes and insurance: What you need to know

July 6, 2019

Earthquakes and insurance: What you need to know

Tweet California has been hit by a string of earthquakes. Unfortunately, most homeowners lack insurance to cover damage caused by the shaking ground. There can be coverage for a fire caus

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White House, FEMA Resilience OfficialsSpeak at Triple-I Event

May 5, 2021

White House, FEMA Resilience OfficialsSpeak at Triple-I Event

Tweet Caitlin Durkovich, special assistant to President Biden and White House National Security Council senior director of resilience and response, discussed the administration’s cli

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Resilience Investments Paid Off in Florida During Hurricane Milton

November 5, 2024

Resilience Investments Paid Off in Florida During Hurricane Milton

Tweet By Lewis Nibbelin, Contributing Writer, Triple-I Babcock Ranch – a small community in southwestern Florida dubbed “The Hometown of Tomorrow” – made headlines for shelter

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2020 Hurricane Season Projected to Be “Above Normal”

April 1, 2020

2020 Hurricane Season Projected to Be “Above Normal”

Tweet The 2020 Atlantic hurricane season activity is projected to be “above normal,” according to Triple-I non-resident scholar Dr. Phil Klotzbach. Dr. Klotzbach, an atmospheric

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