Business Insurance

May 4, 2023

Homeowners Claims Costs Rose Faster Than Inflation for 2 Decades

Tweet By Max Dorfman, Research Writer, Triple-I The cost of claims per insured home in the United States has increased at a rate outpacing inflation over the past 20 years, accord

January 29, 2024

FEMA Highlights Roleof Modern Roofsin PreventingHurricane Damage

Tweet By Max Dorfman, Research Writer, Triple-I Homes with more modern roofs were able to avoid significant damage from Hurricane Ian, compared with those with older roofs, accord

March 19, 2019

I.I.I. and the Weather Channel get the word out about flood insurance

Tweet How to Get Flood Insurance Only 12 percent of Americans have flood insurance but many more will need it in a severe weather event. Learn more at iii.org about how they are helpin

June 6, 2023

Survey SuggestsFew Homeowners Prepare for Weather-Related Risks

Tweet By Mary Sams, Senior Research Analyst, Triple-I The 2023 Atlantic hurricane season officially started June 1 and is forecast to be a busy one, which is why homeowners need t

September 30, 2020

Mudslides Often Follow Wildfire; Prepare, Know Insurance Implications

April 6, 2021

FEMA’s New Approach to Flood Risk Will Make Insurance Program Fairer

Tweet The Federal Emergency Management Agency (FEMA) last week unveiled details of Risk Rating 2.0 – its plan to modernize the National Flood Insurance Program (NFIP) to make it

June 9, 2020

Hurricanes Don’t Just Affect Coasts; Experts Say: “Get Flood Insurance”

Tweet With the 2020 Atlantic hurricane season activity expected to be “well above average” in intensity; three named storms having formed already; and Tropical Depression Cristob

August 27, 2020

If the power goes out, can you get reimbursed for spoiled food?

Tweet Following a major disaster like Hurricane Laura extended power outages are common. Nearly 800,000 customers in Louisiana and Texas were without power after the storm hit. Howev

July 6, 2019

Earthquakes: More links from Insurance Information Instititute

Tweet We posted this look at insurance coverage and earthquakes earlier today. More important links about earthquakes and insurance: A long III background paper on the topic, including d

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

June 19, 2020

Lightning-related homeowners insurance claims down, costs up

Tweet The number of lightning-caused U.S. homeowners insurance claims has decreased over the past few years, yet the average cost per claim has increased, according to Insurance In

September 5, 2019

Nearly 80 percent of homeowners in coastal Carolinas uninsured for flood

Tweet As Hurricane Dorian churns northward off the coast of South Carolina as a Category 2 storm, the National Hurricane Center continues to forecast dangerous storm surge conditions thro

June 14, 2019

FEMA publishes flood insurance claim records going back to 1978

Tweet “New York City, USA – October 31, 2012: In the aftermath of Hurricane Sandy the Battery Park Underpass is seen completely flooded along the West Street entrance looking north in

November 26, 2019

FEMA Report Recommends New Mechanisms to Ward Against Natural Disasters

Tweet By Max Dorfman, Research Writer The U.S. Federal Emergency Management Agency (FEMA) is being pressed to adopt innovative methods to increase insurance penetration for floods and ot

January 4, 2024

Chubb Highlights Perils Keeping High-Net-Worth People Awake at Night

Tweet According to a recent Chubb survey of 800 high-net-worth individuals in the United States and Canada, 92 percent are concerned about the size of a verdict against them if they

August 8, 2022

Hurricanes Drive Louisiana Insured Losses, Insurer Insolvencies

Tweet Max Dorfman, Research Writer, Triple-I Severe hurricane damage in recent years has led to major losses by writers of Louisiana homeowners’ insurance and to the insolvency

July 10, 2020

Mangroves and Reefs: Insurance Can Help Protect Our Protectors

Tweet Hurricanes and storm-related flooding are responsible for the bulk of damage from disasters in the United States, accounting for annual economic losses of about $54 billion, a

June 27, 2019

What a Shocker: Florida Tops the List for Lightning Claims

Tweet By Loretta L. Worters, Vice President – Media Relations, Insurance Information Institute Authorities believe a lightning strike caused a home to go up in flames in the Riverview

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

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,

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 Grow

January 14, 2019

Florida’s assignment of benefits crisis: PowerPoint slides now available

Tweet On December 11, 2018 the Insurance Information Institute (I.I.I.) published a report documenting Florida’s assignment of benefits crisis – what the crisis is, how it’s spreadi

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

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. cou