The 2023 net combined ratio for the property/casualty industry is forecast to be 103.8, in part due to severe convective storm losses being the highest in decades.
Tag: I.I.I.
U.S. Insurers Hit Hardest by Inflation, Triple-I Global Analysis Finds
.S. insurers have paid more than their counterparts worldwide to repair and rebuild damaged properties and vehicles due to inflation since 2018, according to an executive briefing conducted on behalf of the International Insurance Society (IIS).
Dorian and Imelda are the 2019 Atlantic Hurricane Season’s Most Damaging U.S. Storms: I.I.I.
The 2019 Atlantic hurricane season is about to conclude with 18 named storms, six hurricanes and three major hurricanes (Category 3 or higher), according to the Insurance Information Institute (I.I.I.). One tropical storm — Imelda—and two hurricanes—Barry and Dorian—made landfall in the U.S. during the six-month hurricane season, which officially ends on Nov. 30. “This… Continue reading Dorian and Imelda are the 2019 Atlantic Hurricane Season’s Most Damaging U.S. Storms: I.I.I.