Business Insurance

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Hurricane Hanna leaves wind damage and flooding in its wake

July 27, 2020

Hurricane Hanna leaves wind damage and flooding in its wake

Tweet Hurricane Hanna, 2020’s first Atlantic basin hurricane, made landfall during the late afternoon of Saturday July 25 as a Category 1 storm on the Corpus Christi, Texas, coast.

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Friday the 13th is less scary with insurance

November 13, 2020

Friday the 13th is less scary with insurance

Tweet Superstitious people consider Friday the 13th an unlucky day. The irrational fear of the number 13 even has a scientific name: triskaidekaphobia. While Friday falls on the

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Managing your insurance claim after disaster

September 9, 2019

Managing your insurance claim after disaster

Tweet Lynne McChristian By Lynne McChristian, I.I.I. Media Spokesperson and Non-resident Scholar  If Hurricane Dorian left its imprint on your home or business, you’ve likely already star

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Lightning-Related Claims Up Sharply in 2023

June 19, 2024

Lightning-Related Claims Up Sharply in 2023

Tweet By Max Dorfman, Research Writer, Triple-I The total value of lightning-caused homeowners insurance claims rose more than 30 percent in 2023, to $1.27 billion from $950 m

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Executive Exchange: Using Advanced Toolsto Drill Into Flood Risk

September 10, 2024

Executive Exchange: Using Advanced Toolsto Drill Into Flood Risk

Tweet Analysis based on precise, granular data is key to fair, accurate insurance pricing – and is more important than ever before in an era of increased climate-related risks. I

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Accurately WritingFlood Coverage Hinges on Diverse Data Sources

May 21, 2024

Accurately WritingFlood Coverage Hinges on Diverse Data Sources

Tweet Flood risk is not only one of the most destructive perils facing property owners; it is among the most complicated forms of coverage for property/casualty insurers to under

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Hurricane Helene Highlights InlandFlood Protection Gap

October 24, 2024

Hurricane Helene Highlights InlandFlood Protection Gap

Tweet By Lewis Nibbelin, Contributing Writer, Triple-I Spanning over 500 miles of the southeastern United States, Hurricane Helene’s path of destruction has drawn public atten

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Triple-I Town Hall Amplified Callsto Attack Climate Risk

December 4, 2023

Triple-I Town Hall Amplified Callsto Attack Climate Risk

Tweet By Jeff Dunsavage, Senior Research Analyst, Triple-I I’m pleased and proud to have been part of Triple-I’s Town Hall — “Attacking the Risk Crisis” — in Washington, D.C. In a

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If It Can Rain, It Can Flood: Buy Flood Insurance

September 17, 2020

If It Can Rain, It Can Flood: Buy Flood Insurance

Tweet Rivers swollen by Hurricane Sally’s rains have devastated parts of the Florida Panhandle and south Alabama, and the storm’s remnants are forecast to spread the flooding to Geor

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Bracing for Another Brutal Wildfire Season

May 18, 2021

Bracing for Another Brutal Wildfire Season

Tweet Wildfires in California and across the West are starting earlier and ending later each year.  The ongoing drought worsened last week, with every part of the state in moderate d

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Lee County, Fla., Towns Could Lose NFIP Flood Insurance Discounts

April 2, 2024

Lee County, Fla., Towns Could Lose NFIP Flood Insurance Discounts

Tweet Property owners in Lee County, Fla., could lose their flood insurance premium discounts under the National Flood Insurance Program (NFIP) Community Rating System (CRS), acc

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Polar Vortex: It’s Back – Let’s talk about frozen pipes

January 30, 2019

Polar Vortex: It’s Back – Let’s talk about frozen pipes

Tweet It’s hard to imagine pitchers and catchers reporting in a mere 12 days while another polar vortex rips through the Midwest.  Arctic blasts plunging the thermometer to 27 degrees bel

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Coronavirus Wrap-up: Property/Casualty (4/7/2020)

April 7, 2020

Coronavirus Wrap-up: Property/Casualty (4/7/2020)

Tweet Below are abstracts and links to recent articles related to coronavirus from a property and casualty insurance perspective. Auto: Less driving, fewer accidents: Car insurer

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After Ida: Stay Safe and Report Damage Quickly

August 31, 2021

After Ida: Stay Safe and Report Damage Quickly

Tweet “Stay informed, stay safe, and contact your insurance professional as soon as possible.” The Insurance Information Institute is working with insurers in the aftermath of Hurri

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A ‘Sea Change’ in Florida’s View on Climate Risk?

May 25, 2021

A ‘Sea Change’ in Florida’s View on Climate Risk?

Tweet Florida Governor Ron DeSantis last week signed two bills that lawmakers say will leave Florida better prepared for future flooding and sea level rise. The legislature’s appr

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CSU Researchers Project “Extremely Active”2024 Hurricane Season

April 5, 2024

CSU Researchers Project “Extremely Active”2024 Hurricane Season

Tweet Colorado State University hurricane researchers predict an “extremely active” Atlantic hurricane season in their initial 2024 forecast. The team cites record-warm tropical

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Coastal New Jersey Town Regains Class 3 NFIP Rating

March 25, 2024

Coastal New Jersey Town Regains Class 3 NFIP Rating

Tweet Sea Isle City, N.J., has regained its Class 3 rating under FEMA’s National Flood Insurance Program (NFIP) Community Rating System (CRS) after a brief demotion last year. Be

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Polar Vortex,Convective StormsKeep Driving Losses

April 13, 2021

Polar Vortex,Convective StormsKeep Driving Losses

Tweet Insured losses from March storms in the United States are likely to surpass $1 billion, Aon said in its monthly Global Catastrophe Recap. Aon said multiple outbreaks – featu

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The evacuation dilemma: stay or go?

August 31, 2019

The evacuation dilemma: stay or go?

Tweet As of Saturday evening, Hurricane Dorian is making a big right hand turn, moving the storm’s threat north. So now it seems Georgians and South Carolinians are facing the evacuation

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NICB: Top 5 states for hail claims

August 6, 2019

NICB: Top 5 states for hail claims

Tweet The National Insurance Crime Bureau (NICB) recently released a three-year analysis of insurance claims associated with hail storms in the United States.  According to the NICB revi

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Long-Term ConsiderationsFrom Condo Collapse

July 2, 2021

Long-Term ConsiderationsFrom Condo Collapse

Tweet (Photo by Joe Raedle/Getty Images) The insurer for the Champlain Towers South condo association has said it will make an up-front payment to resolve damage claims related to th

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Study Supports Casefor Flood Mitigationas World Warms

January 17, 2021

Study Supports Casefor Flood Mitigationas World Warms

Tweet Intensifying rainfall fueled by climate change over the past 30 years has caused nearly $75 billion in flood damage in the United States, according to a study by Stanford Unive

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Don’t Get Burned by Mishandled Fireworks

July 2, 2020

Don’t Get Burned by Mishandled Fireworks

Tweet As towns cancel fireworks celebrations because of the coronavirus pandemic, many more backyard and neighborhood fireworks displays will likely take place on July Fourth. I

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Flood: An Insurable Peril That’s Underinsured

September 21, 2021

Flood: An Insurable Peril That’s Underinsured

Tweet By John Novaria, Managing Director, Amplify This year’s hurricanes have served as a wakeup call about the importance of flood insurance and the fact that not enough people

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