The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking this week (May 20-24, 2024) as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselves from dishonest contractors.
Tag: Triple I
Triple-I Stresses Preparedness for ‘Very Active’ 2024 Atlantic Hurricane Season
The start of what is forecast to be a “very active” 2024 Atlantic hurricane season is just four weeks away and the Insurance Information Institute (Triple-I) is recommending homeowners, condo owners, renters and business owners prepare now.
Dog-Related Injury Claim Payouts Hit $1.12B in 2023
U.S. insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm.
Cyber Insurance Market Growing Dramatically, Triple-I Finds
Direct written premiums for cyber insurance worldwide could rise to $23 billion by 2025, with U.S. businesses paying about 56% of the total, according to the Insurance Information Institute’s (Triple-I) latest Issues Brief.
Insurance Economic Drivers Could Outperform U.S. Economy by 2025 But Major Hurdles Remain
The economic drivers of the U.S. property/casualty (P/C) insurance industry could cumulatively expand faster than the nation’s gross domestic product (GDP) in 2024 and may outperform the overall U.S. economy by 2025, according to the Insurance Information Institute’s (Triple-I) latest Insurance Economics Outlook.
Private Flood Insurers Seize Opportunities to Grow Market Share
As the federally backed National Flood Insurance Program (NFIP) faces obstacles in the rollout of its new rating program that is generating premium increases for many of its policyholders, the private flood insurance market has benefited by significantly growing its market share across the U.S., according to an issues brief published today by the Insurance Information Institute (Triple-I).
Lightning Caused $952 Million in Insurance Claims in 2022: I.I.I.
More than $950 million in lightning-caused U.S. homeowners insurance claims were paid out in 2022 to 62,000-plus policyholders, with $125 million of the total attributable to California alone.
Triple-I and NICB Join Forces to Help Homeowners Combat Post-Disaster Fraud Schemes
To highlight how homeowners can protect themselves from dishonest contractors, the Insurance Information Institute and the National Insurance Crime Bureau are marking Contractor Fraud Awareness Week.
Dog-Related Injury Claim Payouts Exceeded $1 Billion in 2022: Triple-I
U.S. insurers paid out more than $1 billion in dog-related injury claims in 2022, a double-digit percentage increase over 2021 even though the number of claims decreased within that timeframe.
Poor P&C Underwriting Results Driven by Ian, Personal Auto, Inflation, and Geopolitics
Underwriting profitability for 2022 will be the worst year for the P&C industry since 2011, according to the Triple-I and Milliman.