III News
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to ...
Tornadoes That Ripped Across Central U.S. Could Be Costliest Outbreak on Record
A group of tornadoes that tore across the central U.S. on Dec. 10 and 11 resulted in widespread damage in several states and could serve as the nation's costliest tornado outbreak on record. "Based ...
III CEO Kevelighan: The Institutes Affilliation Brings Group Into 21st Century
Affiliating with The Institutes provides an opportunity for the industry's Insurance Information Institute (III) to become more of a 21st Century trade association, rather than one suited for the ...
After 60 Years Going Solo, Triple-I Will Affiliate With The Institutes
The Insurance Information Institute plans to affiliate with The Institutes after 60 years as an independent organization. I.I.I.'s board of directors approved the plan earlier in June and The ...
Insurance Information Institute Will Brief State Regulators on Coronavirus P/C Insurance Impact
The Insurance Information Institute will brief state regulators this week on the financial impact/policy coverage issues raised by COVID-19 in the U.S.'s property/casualty insurance markets. The ...
Argo Group’s Watson Stepping Down, Effective Immediately
Argo Group International Holdings Ltd. announced late yesterday that Mark E. Watson III, the group's chief executive officer is retiring, effective immediately. According to the announcement, Kevin ...
P/C Insurers See Trump Tariffs Spiking Costs for Auto and Home Coverage
As U.S. President Donald Trump's administration continues to slap tariffs onto all kinds of consumer products, property/casualty insurers are increasingly concerned how some of these actions will ...
P/C Industry Warns China’s New Cybersecurity Law Could Hamper Foreign Business
China's new wide-ranging cybersecurity law is drawing some serious apprehension from the U.S. property/casualty insurance industry. Trade associations and experts alike caution that it will create ...