Sorry, you need to enable JavaScript to visit this website.

Newsroom

Press Releases En Español Spokespeople Media Inquiries
Triple-I: Mitigation Is Key to Reducing Winter Weather Risks
December 16, 2021

NEW YORK, Dec. 16, 2021 /PRNewswire/ -- With winter arriving on Tuesday, Dec. 21, now is the time for most Americans to prepare for snow, ice and frigid temperatures, according to the Insurance Information Institute (Triple-I). In the first half of 2021, winter weather caused $15.1 billion in insured losses, due primarily to a Feb.12-22 freeze that impacted Texas and a number of other states....

Triple-I Can Discuss Deadly Tornadoes’ Insurance Implications
December 12, 2021

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org NEW YORK, Dec. 12, 2021 —Reporters covering the aftermath of the deadly tornadoes which impacted multiple U.S. states within the past 48 hours are encouraged to contact the Insurance Information Institute (Triple-I) for interviews and analysis....

AARP and the Triple-I Are Focused on The Longevity Economy®
December 09, 2021

For immediate releaseNew York Office: Loretta Worters, 917-208-8842; lorettaw@iii.org   NEW YORK, Dec....

Insurers Are Focused on Cyber Risks, Triple-I Panel Agrees
December 07, 2021

For immediate release Contact: Scott Holeman, 785-760-3777   NEW YORK, Dec. 7, 2021 – Cybersecurity is no longer an emerging risk but an imminent one for organizations of all sizes, according to a Joint Industry Forum (JIF) panel session moderated last week by Dale Porfilio, Chief Insurance Officer, Insurance Information Institute (Triple-I). “We’ve seen a large increase in ransomware attacks because they are lucrative,” said Chris Beck, Managing Director, Milliman....

Runaway Litigation Is Adversely Impacting Markets, Insurance Experts Find
December 07, 2021

For immediate release Contact: Loretta Worters, 917-208-8842   NEW YORK, Dec. 7, 2021– The growing number of costly lawsuits are adversely impacting insurer profitability and their ability to provide coverage, according to panelists who convened last week at the Insurance Information Institute’s (Triple-I) Joint Industry Forum (JIF). “Excessive growth in insurance settlements is top of mind for many....

C-Suite Panel: Insurers Have Expertise Needed to Boost Resilience
December 07, 2021

For immediate release Contact: Michael Barry, 917-923-8245 NEW YORK, Dec. 7, 2021—Beyond acting as financial first responders, insurers are helping policyholders mitigate the risks posed by natural disasters and cyber threats, according to panelists who convened last week at the Insurance Information Institute’s (Triple-I) Joint Industry Forum (JIF)....

Insurers Focusing on Retention and Recruitment, Panel Agrees
December 07, 2021

For immediate release Contact: Janet Ruiz, 707-490-9365 NEW YORK, Dec. 7, 2021 – Retaining current employees and recruiting new talent has been a priority for years but the pandemic changed the way insurers approach these issues, a panel of experts concluded at the Insurance Information Institute’s (Triple-I) Joint Industry Forum (JIF) last week....

Triple-I: 2021 Atlantic Hurricane Season Generated Above-Average Activity
November 30, 2021

For immediate releaseFlorida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org     ST. JOHNS, Fla., Nov....

Triple-I Report Finds Insurers Are Managing Economic Volatility
November 22, 2021

For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Nov. 22, 2021—U.S. insurers are seeing premium and investment income growth in 2021, favorable trends offset by increases in inflation and the combined ratio, according to a new report from the Insurance Information Institute (Triple-I).“The insurance industry is expected to grow in 2021 yet underperforms overall U.S....

Triple-I: Insurers Play Key Role in Addressing Climate-Related Risks
November 18, 2021

For immediate releaseNew York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Nov. 18, 2021—U.S. insurers are providing financial protection from the property damage caused by climate-related risks while also assessing them closely, the Insurance Information Institute (Triple-I) stated, in response to a federal governmental Request for Information (RFI).In correspondence submitted this week to the U.S....

Catastrophe Losses and Uncertainty from COVID Continue to Put Pressure on Rates and Profitability, New Triple-I/Milliman Report Shows
November 17, 2021

For immediate releaseMilliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@millimanTriple-I: Loretta Worters, lorettaw@iii.org   NEW YORK, Nov....

Triple-I Moderating Nov. 10 Panel on Impact of California’s Wildfires
November 09, 2021

For immediate releaseNew York Press Office: Michael Barry, Insurance Information Institute (Triple-I), 917-923-8245, michaelb@iii.org   SAN FRANCISCO, Calif., Nov. 9, 2021—Janet Ruiz, Director, Strategic Communication, at the Insurance Information Institute (Triple-I), is moderating on Wednesday, Nov....

CNBC’s Contessa Brewer to Appear at Dec. 2 Joint Industry Forum
October 28, 2021

For immediate release Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Oct.  28, 2021—Contessa Brewer, the CNBC correspondent, will interview Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) at the Joint Industry Forum (JIF) on Thursday, Dec. 2, the Triple-I announced today....

Insurance Offers Lifeline to Domestic Violence Victims
October 26, 2021

For immediate release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org   NEW YORK, Oct. 26, 2021—Domestic violence victims are in a better position to leave an abusive relationship if they make changes to their insurance policies and gain a fuller understanding of their financial situation, according to the Insurance Information Institute (Triple-I)....

Triple-I: Oct. 21’s ShakeOut Offers an Essential Readiness Reminder
October 19, 2021

For immediate release Contact: Janet Ruiz, Insurance Information Institute (Triple-I), 707-490-9365, janetr@iii.org   HIDDEN VALLEY LAKE, Calif., Oct. 19, 2021—Conducted annually on the third Thursday of October, International ShakeOut Day is being held this year on Thursday, Oct. 21, at 10:21 a.m. local time, according to the Insurance Information Institute (Triple-I)....

C-Suite Panel Announced for Dec. 2 Joint Industry Forum in NYC
October 18, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Oct. 18, 2021—Five senior executives will convene on Thursday, Dec. 2, in New York City as part of the 2021 Joint Industry Forum’s (JIF) C-Suite Panel on Resilience, the Insurance Information Institute (Triple-I) has announced. John Huff, president and CEO of the Association of Bermuda Insurers & Reinsurers (ABIR), is the panel’s moderator....

Cyber Risk Insurance Market’s Growth Is Focus of Oct. 13 Panel
October 07, 2021

For immediate release Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Oct. 7, 2021—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) is joining a virtual panel on Wednesday, Oct. 13, at 11 a.m., ET, to brief public policymakers on ways to build a robust cyber risk insurance market....

Triple-I CEO To Lead Climate Risk & Resilience Panel on Oct. 5
September 27, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org NEW YORK, Sept. 27, 2021—The Climate Risk and Resilience panel at a renowned insurance industry conference is convening on Tuesday, Oct. 5, at 2 p.m., PT, in Las Vegas and will be moderated by Sean Kevelighan, CEO, Insurance Information Institute (Triple-I)....

California Wildfire Risk Is Not Over: How to Get Finances & Property Wildfire Ready
September 20, 2021

CONTACT: Nicole Ganley, APCIA 916-616-5855 nicole.ganley@apci.org Janet Ruiz, I.I.I 707-490-9365 janetr@iii.org Connie Bryant Breedlove, IBHS (404) 786-5275 cbreedlove@ibhs.org Lorraine Carli, NFPA +1 617 984-7275  publicafairs@nfpa.org SACRAMENTO, Calif. — Strategic and heroic work by firefighters prevented major damage to South Lake Tahoe homes and businesses from the Caldor Wildfire....

Triple-I: Wildfire Evacuees Should Review Their Insurance Coverage
September 16, 2021

For immediate release California Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org    HIDDEN VALLEY LAKE, Calif., Sept. 16, 2021—Wildfire evacuees in the western U.S. who are now returning home should review their residential insurance policies and file a claim if they incurred fire-caused property damage, according to the Insurance Information Institute (Triple-I)....

Media Advisory: Insurers Respond to Ida’s Aftermath on The East Coast
September 02, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, Sept. 2, 2021—The Insurance Information Institute (Triple-I) has subject matter experts who can inform media coverage of the deadly rainfall and tornadoes which damaged vehicles and properties yesterday in multiple East Coast states. “The frequency and intensity of extreme weather events are rising,” said Sean Kevelighan, CEO, Triple-I....

Media Advisory: Triple-I Available to Discuss Ida’s Insurance Implications
August 30, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Aug. 30, 2021 —Reporters covering Tropical Storm Ida are encouraged to contact the Insurance Information Institute (Triple-I) for interviews and analysis. Ida made landfall yesterday over Port Fourchon, La. as a Category 4 hurricane, according to the National Hurricane Center....

Triple-I: Ida to Impact Northern Gulf Coast as Major Hurricane
August 27, 2021

For immediate release Florida Press Office Mark Friedlander, 904-806-7813, MarkF@iii.org ST. JOHNS,  Fla., Aug. 27, 2021 — Residents from the Upper Texas Coast to the Florida Panhandle should be alert for potential impacts of Hurricane Ida, which is forecast to make landfall along the northern Gulf Coast on Sunday, Aug. 29 as a major hurricane, according to the Insurance Information Institute (Triple-I)....

Triple-I: Henri to Impact Long Island, New England
August 20, 2021

For immediate release Michael Barry, 917-923-8245, mfbarry@optonline.net Mark Friedlander, 904-806-7813, markfri2002@yahoo.com   NEW YORK, Aug. 20, 2021—Residents from New York’s Long Island to Maine should prepare for Tropical Storm Henri, which could make landfall in southern New England this weekend (Aug. 21-22), according to the Insurance Information Institute (Triple-I)....

Evolving Catastrophe Losses to Pressure 2021 Property/Casualty Underwriting Profitability, Triple-I/Milliman Predict
August 17, 2021

For immediate release Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman Triple-I: Loretta Worters, lorettaw@iii.org   NEW YORK, Aug. 17, 2021 – The insurance industry ended 2020 profitably, with a combined ratio of 98.7.  For 2021, the combined ratio is likely to increase to 99.6, according to forecasts by the Insurance Information Institute (Triple-I) and Milliman....

Insurers Play Key Roles as U.S. Combats Intense Wildfires
August 06, 2021

For immediate release Californa Press Office: Janet Ruiz, 707-490-9365, janetr@iii.org   HIDDEN VALLEY LAKE, Calif., Aug. 6, 2021—The formation of nine large wildfires this week—three in Washington, two in California and Oregon, and one each in Idaho and Montana—highlight the importance of having an evacuation plan and the right coverage, according to the Insurance Information Institute (Triple-I)....

Triple-I Offers U.S. Insights into Auto Insurer Pricing Factors
July 29, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, July 29, 2021—Lower risk drivers should pay less for auto insurance and its cost has closely tracked broader U.S. economic trends for decades, the Insurance Information Institute (Triple-I) stated in response to a federal governmental Request for Information (RFI). In a letter submitted this week to the U.S....

Insurers Focused on Closing the Coverage Gap, Panelists Agree
July 20, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, July 20, 2021—Having Americans purchase the right amount and type of insurance coverage is essential if they are to recover quickly from natural catastrophes, a panel which included Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) agreed yesterday.   “More insured communities recover faster from disasters,” Kevelighan said....

Media Advisory: Triple-I CEO Is Panelist at July 19 Regulator Webinar
July 16, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, July 16, 2021—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), will discuss Environmental, Social, and Governance (ESG) Factors and Insurer Performance during a live webcast on Monday, July 19, starting at 3:30 p.m., ET....

Triple-I Appoints Dale Porfilio as Chief Insurance Officer
July 15, 2021

For immediate release Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, July 15, 2021—Dale Porfilio, FCAS, MAAA, has been named Chief Insurance Officer (CIO) at the Insurance Information Institute (Triple-I). His first day in this newly-created position is Monday, July 19....

Triple-I Joins National Insurance Crime Bureau’s Fight Against Fraud
July 09, 2021

For immediate release Michael Barry, Triple-I, 917-923-8245, michaelb@iii.org Tully Lehman, NICB, 925-758-0744, tlehman@nicb.org     NEW YORK, July 9, 2021 –In yet another example of how the insurance industry is bringing societal value through its non-profit networks, the Insurance Information Institute (Triple-I) is teaming up with the National Insurance Crime Bureau (NICB) during the NICB’s Contractor Fraud Awareness Week (July 12-16) to…...

2021’s Hurricane Season to Remain a Busy One, Forecast Says
July 08, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, July 8, 2021— An updated 2021 Atlantic hurricane season forecast from Colorado State University (CSU) released today projects even more tropical cyclone activity than previously anticipated....

Media Advisory: Hurricane Elsa To Test Florida’s Storm Preparedness
July 02, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, July 2, 2021 —With Hurricane Elsa expected to impact Florida early next week, the Insurance Information Institute (Triple-I) has editorial content and subject matter experts which can inform media coverage of the storm. “The frequency and intensity of natural disasters and extreme weather events are rising,” said Sean Kevelighan, CEO, Triple-I....

Independence Day’s Summer Fun Also Carries Risks
July 01, 2021

For immediate release New York Press Office: 917-208-8842, lorettaw@iii.org   NEW YORK, July 1, 2021– Independence Day is associated with fireworks displays, barbeques, and poolside parties, yet even summer fun carries risks, according to the Insurance Information Institute (Triple-I).  The Triple-I has identified four summertime liability risks you should be aware of and offers recommendations on what you can do to protect yourself: FIREWORKS: Fireworks may be a Fo…...

Wildfire Resilience Efforts Are Improving, Triple-I Panelists Agree
June 28, 2021

For immediate release California Press Office, Janet Ruiz, 707-490-9365 janetr@iii.org NEW YORK, June 28, 2021—Technological advances and greater awareness about how wildfires spread are enabling Americans to build greater resilience to this natural disaster, six panelists convened by the Insurance Information Institute (Triple-I) and ResilientH20 Partners agreed....

Cost of Lightning-Caused Claims Soared Due To 2020’s U.S. Wildfires
June 17, 2021

For immediate release New York Press Office: Loretta Worters, 917-208-8842, lorettaw@iii.org   NEW YORK, June 17, 2021—For the fourth consecutive year, the number of lightning-caused U.S....

Triple-I Update: Hurricane Season to Have ‘Above-Average’ Activity
June 03, 2021

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org   ST. JOHNS, Fla., June 3, 2021— An updated 2021 Atlantic hurricane season forecast released today by the Tropical Meteorology Project in the Department of Atmospheric Science at Colorado State University (CSU) maintains its outlook for an “above-average” level of tropical cyclone activity....

Insurers Are Leading on Climate Issues, Triple-I CEO Tells Regulators
June 01, 2021

For Immediate Release Michael Barry, 917-923-8245, michaelb@iii.org   ARLINGTON, Va., June 1, 2021—On the first day of 2021’s Atlantic hurricane season, the Insurance Information Institute’s (Triple-I) CEO briefed regulators on the steps U.S. insurers are taking to reduce climate-related risks as natural disasters grow in frequency and severity....

Insurers Led Through 2020’s Disruptions, Triple-I CEO Says
May 25, 2021

For immediate release Michael Barry, 917-923-8245, michaelb@iii.org     ARLINGTON, Va., May 25, 2021—U.S. insurers showed in 2020 they could fulfill their traditional role as economic first responders even amid a global pandemic, record-setting natural disasters, and civil disorders, according to Sean Kevelighan, CEO, Insurance Information Institute (Triple-I)....

A Decade Later, Triple-I Reflects on One of Missouri’s Darkest Days
May 20, 2021

For immediate release Michael Barry, 917-923-8245, michaelb@iii.org KANSAS CITY, Mo., May 20, 2021 — Days before the 10th anniversary of the Joplin, Mo., tornado, one of the deadliest in U.S. history, the Insurance Information Institute (Triple-I) released a video chronicling the tragedy and Joplin’s remarkable comeback. The EF-5 tornado killed 161 people and injured more than 1,000 others on Sunday, May 22, 2011. The city is situated in southwestern Missouri and home to about 50,000 residents....

Triple-I to Join May 20 Media Event on Wildfire Season Preparedness
May 19, 2021

For immediate release Lorraine Carli, NFPA (617) 984-7275 publicaffairs@nfpa.org Connie Bryant Breedlove, IBHS (404) 786-5275 cbreedlove@ibhs.org Janet Ruiz, Triple-I (707) 490-9365 janetr@iii.org Nicole Ganley, APCIA (916) 616-5855 nicole.ganley@apci.org   HIDDEN VALLEY LAKE, Calif., May 19, 2021—Janet Ruiz, the Insurance Information Institute’s (Triple-I) California-based Director, Strategic Communications, will address the media about preparing financially for the upcoming wildfire seaso…...

Triple-I/Milliman: Property/Casualty Underwriting Profits to Continue in 2021
May 18, 2021

For immediate release Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman Triple-I: Loretta Worters, lorettaw@iii.org   NEW YORK, May 18, 2021—Property/casualty insurers are projected to continue to post slight underwriting profits in 2021, according to a forecast released today by the Insurance Information Institute (Triple-I) and Milliman. The forecast projects a 2021 combined ratio of 99, virtually the same as last year....

Triple-I Launches Search for Chief Insurance Officer
May 07, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, May 7, 2021—The Insurance Information Institute (Triple-I) is conducting a national search for a Chief Insurance Officer (CIO) to succeed the retiring James Lynch, the Triple-I’s outgoing Chief Actuary....

Triple-I to Mark National Hurricane Preparedness Week (May 9-15)
May 06, 2021

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org     ST. JOHNS, Fla., May 6, 2021 – The start of what is forecast to be another "above-average" Atlantic hurricane season is weeks away and the Insurance Information Institute (Triple-I) is recommending homeowners, renters and business owners prepare now.  “The U.S....

U.S. Flood Risks Are Rising but Can Be Reduced, Triple-I Paper Finds
April 29, 2021

For immediate release New York Press Office: Loretta Worters, (917) 208-8842; lorettaw@iii.org     NEW YORK, April 29, 2021—Major flood events could grow over the next 30 years even as U.S. insurers and public policymakers improve their ability to reduce flood risks, according to the Insurance Information Institute’s (Triple-I) just-released paper, Flood: Beyond Risk Transfer....

Triple-I to Focus on Economy’s Impact on Insurance Performance
April 28, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, April 28, 2021—To broaden its reputation as the go-to destination for the economic drivers impacting U.S. insurer financial performance, the Insurance Information Institute (Triple-I) is revamping the way it delivers impactful insights and analysis....

Triple-I Webinar to Feature Biden Administration Resilience Experts
April 26, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, April 26, 2021—On Thursday, April 29, weeks ahead of the official start of the 2021 Atlantic hurricane season, the Insurance Information Institute (Triple-I) will host a free webinar to hear “The Biden Administration Perspective on Disaster Risk Mitigation and Resilience.” Caitlin Durkovich, Special Assistant to the President and Senior Director of Resilience and Response at…...

James Lynch, Triple-I’s Chief Actuary, To Retire in Late May 2021
April 20, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, April 20, 2021—James Lynch, the Chief Actuary and Senior Vice President, Research and Education, at the Insurance Information Institute (Triple-I), is retiring at the end of May 2021, the Triple-I announced today. Lynch, who will turn 61 this year, joined the Triple-I in 2014....

Triple-I: Drivers Benefit from a Competitive Auto Insurance Market
April 15, 2021

For immediate release New York Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, April 15, 2021—To maintain a competitive private-passenger auto insurance market, state lawmakers must allow insurers to use rating factors aimed at having lower-risk drivers pay less for coverage, according to the Insurance Information Institute’s (Triple-I) Chief Actuary....

Triple-I Welcomes Association of Bermuda Insurers and Reinsurers as An Associate Member
April 13, 2021

For immediate release Contact: John Novaria, 310-857-8934, johnn@iii.org     NEW YORK, April 13, 2021—The Association of Bermuda Insurers and Reinsurers (ABIR) has joined the Insurance Information Institute (Triple-I) as an Associate Member. ABIR is a group of more than 30 international insurance and reinsurance firms that do business in 150 countries and generate $109 billion in premium....

Triple-I: 2021 Atlantic Hurricane Season Forecast to be ‘Above-Average’
April 08, 2021

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, markf@iii.org     ST. JOHNS, Fla., April 8, 2021 – An above-average level of tropical cyclone activity is projected for 2021, a year after a record-setting 30 named storms developed during 2020’s Atlantic hurricane season, according to a forecast released today by Colorado State University’s (CSU) Department of Atmospheric Science....

Captive Insurers Are Capturing Attention, Triple-I Paper Finds
April 06, 2021

For immediate release New York Press Office: Loretta Worters, (917) 208-8842; lorettaw@iii.org     NEW YORK, April 6, 2021— Interest in captives, a form of self-insurance, flourishes when commercial insurance becomes more expensive and less available, according to the Insurance Information Institute’s (Triple-I) just-released paper, A Comprehensive Evaluation of the Member-Owned Group Captive Option....

Triple-I CEO: 2020 Proved Insurers Can Lead Through Disruption
March 23, 2021

For immediate release New York Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, March 23, 2021—The U.S.’s auto, home, and business insurers have more than met the challenges raised by COVID-19 over the past year, according to Sean Kevelighan, CEO, Insurance Information Institute (Triple-I). “2020 proved how this industry can lead through disruption. We can adapt. We can innovate....

Triple-I: Insurance Protects Against Severe Weather’s Impacts
March 17, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org      NEW YORK, March 17, 2021—Severe storms are expected today and tomorrow in states stretching from the middle of the U.S. to its East Coast, highlighting the importance of having insurance, according to the Insurance Information Institute (Triple-I)....

Ten Years After Major Japan Quake, U.S. Faces Similar Threat
March 10, 2021

For immediate release California Press Office, Janet Ruiz, 707-490-9365, janetr@iii.org   NEW YORK, March 10, 2021—A decade after a devastating magnitude-9.0 earthquake struck Japan, the U.S. remains largely uninsured against this natural disaster, according to the Insurance Information Institute (Triple-I). Nearly 16,000 people died after the costliest earthquake and tsunami in world history hit Japan on March 11, 2011, about 230 miles northeast of Tokyo....

Triple-I Issues 2021’s A Firm Foundation: How Insurance Supports the Economy
February 25, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org      NEW YORK, Feb. 25, 2021—The Insurance Information Institute (Triple-I) today released its just-updated A Firm Foundation: How Insurance Supports the Economy. The 2021 edition is now available online free of charge....

Media Advisory: Insurance to Spur Texas’ Economic Recovery
February 22, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org    NEW YORK, Feb. 22, 2021 —The Insurance Information Institute (Triple-I) has subject matter experts and editorial content which can inform media coverage of Texas’ economic recovery from last week’s severe weather....

Triple-I Salutes Emerging Leaders Prior to Feb. 22-23 Conference
February 18, 2021

For immediate release New York Press Office: Mark Friedlander, 904-806-7813, markf@iii.org     NEW YORK, Feb. 18, 2021 – The Insurance Information Institute (Triple-I) is a proud sponsor of the American Property Casualty Insurance Association’s (APCIA) 2021 Emerging Leaders Conference (ELC), which is being held virtually on Monday, Feb. 22 and Tuesday, Feb. 23....

Media Advisory: D.C. Insurance Committee to Convene on Feb. 18
February 17, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Feb. 17, 2021 —Reporters covering the Federal Advisory Committee on Insurance’s (FACI) quarterly meeting on Thursday, Feb. 18, at 12:30 p.m., ET, are encouraged to contact the Insurance Information Institute (Triple-I) for details on how insurers are responding to key issues....

Triple-I’s Severe Cold Weather Survival Guide Becomes a Hot Item
February 16, 2021

For immediate release New York Press Office, Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Feb. 16, 2021—Given the deep freeze across multiple U.S. states this week, The Homeowner’s Severe Cold Weather Survival Guide yesterday became the most popular online article at the Insurance Information Institute’s (Triple-I) website, www.iii.org....

Triple-I: Rising Litigation Expenses Are Driving Up Cost of Insurance
February 11, 2021

For immediate release New York Press Office, Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, Feb. 11, 2021—The U.S.’s commercial auto insurers saw their liability losses nearly triple between 2010 and 2019, an era in which the median jury verdict’s monetary award almost doubled, according to James Lynch, the Insurance Information Institute’s (Triple-I) Chief Actuary....

California’s Seismic Risks Remain 50 Years After Sylmar Quake
February 08, 2021

For immediate release California Press Office, Janet Ruiz, 707-490-9365 janetr@iii.org   NEW YORK, Feb. 8, 2021—Five decades have passed since a deadly earthquake struck Los Angeles County yet the lessons learned from 1971’s Sylmar Quake remain relevant in 2021, according to the Insurance Information Institute (Triple-I). In a video produced to mark the anniversary of the Feb....

Triple-I/Milliman Report Projects Insurer Growth, Profits In 2021
February 02, 2021

For immediate release Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman Triple-I: Loretta Worters, lorettaw@iii.org     NEW YORK – Feb. 2, 2021 – A pandemic, civil unrest, and weather-related catastrophes impacted the U.S. property/casualty (P/C) insurance industry in 2020, but not to the extent that was originally feared....

Snowstorm-Caused Damage Covered Under Auto and Home Policies
February 01, 2021

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Feb. 1, 2021—This week’s intense winds and blizzard conditions pose threats to autos and homes yet the Insurance Information Institute (Triple-I) notes standard auto and homeowner’s insurance policies cover most instances of snowstorm-caused property damage....

Utica National CEO: Insurance Industry’s Workforce Met 2020’s Challenges
January 28, 2021

For immediate release Triple-I Press Office: Mark Friedlander, 904-806-7813, markf@iii.org   NEW YORK, Jan. 28, 2021 – Having a talented and adaptable workforce proved essential to U.S. insurers last year, according to the featured panelist at the CEO Fireside Chat held today as part of the Insurance Information Institute’s (Triple-I) annual Joint Industry Forum (JIF). “2020 was the year of the frontline worker in our industry....

Insurers Mitigating the Severity of Natural Disasters, Panel Agrees
January 28, 2021

For immediate release New York Office: Scott Holeman, 212-346-5566, scotth@iii.org     NEW YORK, Jan. 28, 2021—Financial services companies and academic institutions are developing the products and policies needed to mitigate the impact of extreme weather events, according to panelists who convened today at the Insurance Information Institute’s (Triple-I) annual Joint Industry Forum (JIF)....

Trade Group CEOs: D.C. Realignment to Impact Insurers in 2021
January 28, 2021

For immediate release New York Office: Michael Barry, 917-923-8245, michaelb@iii.org     NEW YORK, Jan. 28, 2021—The U.S. insurance industry recognizes governmental policy priorities will change in 2021 given the outcomes of 2020’s elections, a panel agreed today at the Insurance Information Institute’s (Triple-I) annual Joint Industry Forum (JIF). “What we have seen is nothing less than a tectonic shift in the power structures in D.C....

Triple-I Announces Line-Up for Jan. 28 Virtual Joint Industry Forum
January 21, 2021

For immediate release New York Press Office: 212-346-5575, lorettaw@iii.org   NEW YORK, Jan. 21, 2021 – In keeping with an annual tradition, the Insurance Information Institute (Triple-I) will hold its Joint Industry Forum (JIF), Virtually Together: Insuring Our Way Forward, on Thursday, Jan. 28, 2021 starting at 11 a.m., ET.  Registration is already underway. There is no charge to join the event online....

Triple-I: An Orderly Governmental Transition Is Essential to U.S. Economic Stability
January 20, 2021

For immediate release New York Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, Jan. 20, 2021—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), today released the following statement: “Every four years—for more than two centuries—the United States has celebrated its Constitution, and that historic document’s invocation of “We, the People,” through the orderly and peaceful transfer of power atop the government’s executive branch....

Triple-I-Backed Resilience Innovation Hub to Expand In 2021
January 14, 2021

For immediate release Insurance Information Institute: Michael Barry, 917-923-8245, michaelb@iii.org ResilientH20 Partners: Richard S. Seline, 703-608-3000, rseline@resilientH20partners.com   HOUSTON, Texas and NEW YORK, Jan. 14, 2021—The Insurance Information Institute (Triple-I) and ResilientH20 Partners today are announcing the Resilience Innovation Hub is expanding its national leadership team and partnership network....

Triple-I’s 2021 Insurance Fact Book Chronicles a Historic 2020
January 13, 2021

For immediate release New York Press Office: 212-346-5575, lorettaw@iii.org   NEW YORK, Jan. 13, 2021— The Insurance Information Institute (Triple-I), an affiliate of The Institutes, has released its 2021 Insurance Fact Book, the premier “go-to” publication issued annually since the Triple-I’s inception in 1960 and an essential resource for anyone who needs the most up-to-date information on insurance....