Business Insurance

Protect your business with customized insurance solutions. Cover your assets, employees, and operations against potential risks and liabilities.

Proposing on Valentine’s Day? Get Insurance for That Ring and You’ll Be a Cut above the Rest

February 12, 2020

Proposing on Valentine’s Day? Get Insurance for That Ring and You’ll Be a Cut above the Rest

Tweet Nothing is more romantic than a marriage proposal on Valentine’s Day! The first step after giving a valuable engagement ring—well, maybe the second, after the “Yes!”—should be

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Mississippi Flood Insurance Purchases Low, Despite Wetter Rainy Seasons – And They’re Not Alone

February 25, 2020

Mississippi Flood Insurance Purchases Low, Despite Wetter Rainy Seasons – And They’re Not Alone

Tweet Getty images Hundreds of homes and businesses were damaged by flooding, as heavy rains inundated Jackson, Mississippi over the Presidents Day weekend, pushing the Pearl River to

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Weather Risk Isn’t “Someone Else’s Problem,” Triple-I Executive Tells Weather Channel Viewers

June 22, 2023

Weather Risk Isn’t “Someone Else’s Problem,” Triple-I Executive Tells Weather Channel Viewers

Tweet Of the findings in Triple-I’s recent report on consumer perceptions of weather risk, the Weather Channel’s experts were most struck by the fact that 60 percent of homeowners sa

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Avoid a Double Tragedy: Tips from National Dog Bite Prevention Week® Coalition Partners

April 11, 2019

Avoid a Double Tragedy: Tips from National Dog Bite Prevention Week® Coalition Partners

Tweet Janet Ruiz Our previous post discussed homeowners liability claims stemming from dog bites. Today, Janet Ruiz, I.I.I.’s Director of Strategic Communications, has these valuable safe

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Are impact-resistant roof shingles all they’re cracked up to be? The IBHS is on the case

June 20, 2019

Are impact-resistant roof shingles all they’re cracked up to be? The IBHS is on the case

Tweet Getty Images By Jennifer Ha, Head of Editorial and Publications, Insurance Information Institute  Hail damage is a growing problem in large regions of the United States and causes a

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Poll: Homeowners Gain in Disaster Prep; Coverage Understanding Still Lags

September 17, 2020

Poll: Homeowners Gain in Disaster Prep; Coverage Understanding Still Lags

Tweet The 2020 Triple-I Consumer Poll found that homeowners are protecting their properties against disasters like flooding and hurricanes at a higher rate than previously reported,

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IRC: Homeowners Insurance Affordability Worsens Nationally, Varies Widely by State

May 14, 2024

IRC: Homeowners Insurance Affordability Worsens Nationally, Varies Widely by State

Tweet By Max Dorfman, Research Writer, Triple-I Average U.S. homeowners insurance premiums have increased at a rate that has outpaced household income from 2001 to 2021, accor

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Relocated Due to Ida? You Might Be Covered for Additional Living Expenses

September 8, 2021

Relocated Due to Ida? You Might Be Covered for Additional Living Expenses

Tweet Standard homeowners and renters insurance policies include additional living expenses (ALE) coverage. ALE pays the costs of living away from home—above and beyond your customar

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Despite High-Profile Events, U.S. Wildfire Severity, FrequencyHave Been Declining

December 12, 2023

Despite High-Profile Events, U.S. Wildfire Severity, FrequencyHave Been Declining

Tweet With record-breaking wildfires making headlines in recent years, it may be surprising to learn that U.S. wildfire frequency and severity for in 2023 are on track to be the lowe

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FEMA Reauthorization Session Highlights Importance of Risk Transfer and Reduction

January 30, 2024

FEMA Reauthorization Session Highlights Importance of Risk Transfer and Reduction

Tweet If there was a recurring theme in last week’s Senate Banking Committee hearing on reauthorization of FEMA’s National Flood Insurance Program (NFIP), it was the need for:

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Buyer beware: In Barry’s wake, flooded cars are about to hit the used car market, NICB warns

July 17, 2019

Buyer beware: In Barry’s wake, flooded cars are about to hit the used car market, NICB warns

Tweet Getty Images Hurricane Barry made landfall on July 13 as the first hurricane of the 2019 season, dumping heavy rain on parts of Louisiana, Mississippi and Arkansas. Unfortunately, w

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Dog bite claims fell 4.6 percent in 2020 despite pandemic pet adoption surge

April 8, 2021

Dog bite claims fell 4.6 percent in 2020 despite pandemic pet adoption surge

Tweet Pandemic-related lockdowns have led many people to bring new furry friends into their homes. A survey from the Insurance Research Council (IRC), found that 21 percent of ho

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Floods, Freezing, Other Extreme Weather Highlight Need for Planning and Insurance

March 4, 2021

Floods, Freezing, Other Extreme Weather Highlight Need for Planning and Insurance

Tweet Recent flooding in Kentucky “is going to be one that goes into the record books,” the state’s Emergency Management Director Michael Dossett said in a news conference this week.

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Swiss Re: A Katrina-like hurricane could cause up to $200 billion in damage today

August 18, 2020

Swiss Re: A Katrina-like hurricane could cause up to $200 billion in damage today

Tweet A memorial cross for the victims of Hurricane Katrina stands in the water near the bank of the Mississippi River Gulf Outlet on August 22, 2019 in Shell Beach, Louisiana. Accordin

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Legal Reforms Boost Florida Insurance Market; Premium Relief Will Require More Time

May 8, 2024

Legal Reforms Boost Florida Insurance Market; Premium Relief Will Require More Time

Tweet Legislative reforms put in place in 2022 and early 2023 to address legal system abuse and assignment-of-benefits claim fraud in Florida are beginning to help the state’s pr

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Extreme Weather’s Seasonal Severity Impacts Rates, Regardless of Inflation, Price Gouging

June 28, 2021

Extreme Weather’s Seasonal Severity Impacts Rates, Regardless of Inflation, Price Gouging

Tweet Losses from the winter storm that swept through the southern United States earlier this year continue to loom large among the concerns of property and casualty insurers, even a

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House approves TRIA, NFIP extensions as part of $1.4 trillion spending package

December 18, 2019

House approves TRIA, NFIP extensions as part of $1.4 trillion spending package

Tweet On Tuesday, December 17, the House approved a package of bills that includes a seven-year reauthorization of the Terrorism Risk Insurance Act (TRIA) and funding for the National Flo

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Californians Warned About Mudslide Riskas Winter Bears Downon Wildfire Areas

January 27, 2021

Californians Warned About Mudslide Riskas Winter Bears Downon Wildfire Areas

Tweet California Insurance Commissioner Ricardo Lara is alerting citizens to review their insurance policies in order to protect themselves and their assets in anticipation of winter

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Lightning SparksMore Than $1 Billionin Homeowners ClaimsOver Five Years

June 21, 2022

Lightning SparksMore Than $1 Billionin Homeowners ClaimsOver Five Years

Tweet By Loretta Worters, Vice President, Media Relations, Triple-I  More than $1 billion in lightning-caused U.S. homeowners insurance claims were paid out in 2021 to 60,000-pl

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Homeowners Premiums Rise Faster Than Inflation; Expect This to Continue

December 30, 2021

Homeowners Premiums Rise Faster Than Inflation; Expect This to Continue

Tweet Homeowners insurance premium rates are rising faster than inflation, S&P Global Market Intelligence data shows, and Triple-I’s chief insurance officer says they’re likely t

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Florida Homeowners Premium Growth Slowsas Reforms Take Hold, Inflation Cools

June 26, 2024

Florida Homeowners Premium Growth Slowsas Reforms Take Hold, Inflation Cools

Tweet Homeowners insurance premium growth in Florida has slowed since the state implemented legal system abuse reforms in 2022, according to a Triple-I analysis. As shown in the c

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Removing Incentivesfor Development From High-Risk Areas Boosts Flood Resilience

October 14, 2024

Removing Incentivesfor Development From High-Risk Areas Boosts Flood Resilience

Tweet (Photo by Jonathan Sloane/Getty Images) By Lewis Nibbelin, Contributing Writer, Triple-I Withdrawing federal subsidies in climate-vulnerable areas can deter development a

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I.I.I. Media Tour: What You Need to Know and Do as Hurricane Season Peaks

August 10, 2020

I.I.I. Media Tour: What You Need to Know and Do as Hurricane Season Peaks

Tweet The Insurance Information Institute (Triple-I), along with Colorado State University’s atmospheric research scientist Dr. Phil Klotzbach, will be conducting a satellite media tour

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Fraud, Litigation Push Florida Insurance Market to Brink of Collapse

June 23, 2022

Fraud, Litigation Push Florida Insurance Market to Brink of Collapse

Tweet With its abundance of unneeded new roofs on homes – and flashy lawyer billboards at every turn claiming massive settlements on claims – Florida’s insurance market is on the ver

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