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P/C premium growth shows promise, but profitability at least a year away, Triple-I/ Milliman report shows

Favorable first-quarter economic results are in line with projections that the P/C insurance industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to the latest report from the Triple-I and Milliman.  

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Disasters + Preparedness Hurricanes: Insurance and recovery resources

Following a hurricane or other disaster, getting back to normal can take some time. To assist in the recovery process, the Triple-I has compiled useful information around post-disaster safety and insurance coverage questions, with detailed guidance on how to file a claim. See also: In case a flood and Videos: Flood Safety Tips and Dr. Klotzbach's July ‘24 Atlantic Seasonal Hurricane Update.

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HBCU IMPACT: Bridging the insurance talent gap

To amplify the Triple-I commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT®, whose mission is to increase the number of Black professionals in the insurance, risk management, financial services, and legal industries. View videos: HBCU Impact.


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I.I.I. Glossary

RECIPROCAL EXCHANGE- Unincorporated association organized to write insurance for its members, each of whom assumes a share of the risks covered.

FINITE RISK REINSURANCE- Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underwriting component. Also known as financial reinsurance because this type of coverage is often bought to improve the balance sheet effects of statutory accounting principles.

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I.I.I. News Wire

P/C Premium Growth Shows Promise, But Profitability at Least a Year Away, Triple-I/ Milliman Report Shows

For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman.com       NEW YORK, July 11, 2024 – Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with proje… Read More

Triple-I Offers Texans Preparedness Tips as Beryl Nears Landfall

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, MarkF@iii.org HOUSTON, July 6, 2024 — Texans should be alert for the potential impacts of Tropical Storm Beryl, which is forecast to intensify back to hurricane strength before making landfall along the Texas Gulf Coast on M… Read More

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Events Calendar

2024 Casualty Loss Reserve Seminar
September
09
2024
Join 2024 Casualty Loss Reserve Seminar which is being held September 9 in San Francisco, CA. Checkout event website.
NAMIC’s 129th Annual Convention September 22-25 Denver
September
22
2024
Save the date NAMIC’s 129th Annual Convention which is being held September 22-25 in Denver, CO. Checkout event website.
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