Triple-I News
Triple-I: Cellphone Use Biggest Cause of Distracted Driving
Drivers using a cellphone while operating a motor vehicle is the largest contributor to distracted driving in the U.S., according to the latest Issues Brief from the Insurance Information Institute ...
Triple-I: CSU’s Forecast for an Above-Average 2023 Atlantic Hurricane Season Accurate
Colorado State University's (CSU) July and August 2023 Atlantic hurricane season forecasts, calling for "above-average" activity, proved to be accurate as the season concluding tomorrow was ...
Despite Hard Market, P/C Combined Ratio Forecast at 104 for 2023
Losses resulting from severe convective storms seen this year are expected to drive the 2023 net combined ratio for the property/casualty industry to 103.8, according to the latest underwriting ...
Triple-I: California Insurers Still Impacted by 2017-2018 Wildfires
Paying out more than twice as much in claims and expenses as collected in premiums in both 2017 and 2018, California homeowners insurers are still feeling the impact in 2023, according to the ...
Private Flood Insurers Seize Opportunity as NFIP Falters
While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to ...
Inflation, Catastrophe Losses Lead P&C Underwriting Loss in 2023
The overall property/casualty (P&C) industry is expected to finish 2023, mirroring 2022 results, with a net combined ratio at 102.2, according to findings shared during a members only virtual ...
Lightning Caused $952M in Homeowners Claims in 2022, Decline from 2021
More than $950 million was paid to more than 62,000 U.S. homeowners insurance claims in 2022, according to analysis released last month by the Insurance Information Institute (Triple-I). At least ...
Tale of Two Markets: Personal Lines ’22 CR 15 Pts. More Than Commercial
The 2022 property/casualty insurance industry saw a stark difference between the combined ratio of commercial lines at 94.8, while personal lines came in at 109.9. It was the largest difference in ...
Dog-Related Injuries Cost Insurers More Than $1 Billion in 2022
Insurers paid out more than $1 billion in dog-related injury claims in 2022, a 28 percent increase over 2021 even though the number of claims decreased last year, ...