News Center
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
Crashes Increase as Recreational Marijuana Becomes Legal, Research Indicates
Connecticut this week became the latest state to legalize recreational use of marijuana, and more are expected to follow. The increased marijuana use that accompanies legalization has raised concerns about road safety. Researchers at Insurance Institute for Highway Safety (IIHS) and the Highway Loss Data Institute (HLDI) since 2014 have been examining how legalization has … Continue reading Crashes Increase as Recreational Marijuana Becomes Legal, Research Indicates →
POSTED JUNE 23, 2021 4:46 PM |
Cost of Lightning-Caused Claims Soared Due to 2020’s U.S. Wildfires
By Loretta Worters, Vice President, Media Relations, Triple-I For the fourth consecutive year, the number of lightning-caused U.S. homeowners insurance claims decreased in 2020, even as the average value of those claims has more than doubled since 2017, according to Triple-I’s analysis of national insurance claims data. Lightning-related homeowners insurance claim costs nationally rose dramatically … Continue reading Cost of Lightning-Caused Claims Soared Due to 2020’s U.S. Wildfires →
POSTED JUNE 17, 2021 5:57 PM |
Triple-I Ready To Mark June 19 As A Federal Holiday
By Sean Kevelighan, CEO, Insurance Information Institute Congress passed legislation this week to establish June 19 as Juneteenth National Independence Day, and the Insurance Information Institute (Triple-I) applauds the bipartisan action which made it happen. President Joseph Biden is expected to sign the measure into law. The date is a significant one in U.S. history … Continue reading Triple-I Ready To Mark June 19 As A Federal Holiday →
POSTED JUNE 17, 2021 1:14 PM |
Declarations of Pride: David Glawe, NICB President and CEO
By Scott Holeman, Media Relations Director, Triple-I David Glawe, President and CEO of the National Insurance Crime Bureau, has been fighting crime for nearly 30 years. His extensive background in national security, law enforcement and management provided distinguished credentials to lead NICB’s efforts in combatting insurance fraud and theft. Before taking on this position, Glawe … Continue reading Declarations of Pride: David Glawe, NICB President and CEO →
POSTED JUNE 16, 2021 7:57 PM |
Auto insurance rates impacted by labor crunch, supply chain disruptions
In a recent interview with CNBC, Dr. Michel Léonard, Triple-I vice president and senior economist, explained how the return to pre-pandemic driving levels is resulting in higher auto accident rates. More accidents mean a larger volume of more expensive claims for insurers to pay because of higher repair costs, delays in repair time due to … Continue reading Auto insurance rates impacted by labor crunch, supply chain disruptions →
POSTED JUNE 15, 2021 8:02 PM |
Valuable metals make catalytic converters an attractive target for thieves
Huge spikes in catalytic converter theft have been reported throughout the nation in recent months. The anti-pollution devices contain precious metals such as platinum, palladium or rhodium and can be removed from the bottom of a car or truck in as little as five minutes. Thieves are getting anywhere from $50 to $250 per converter … Continue reading Valuable metals make catalytic converters an attractive target for thieves →
POSTED JUNE 15, 2021 5:37 PM |
Declarations of Pride: Michael McRaith, Blackstone Insurance Solutions
By Scott Holeman, Media Relations Director, Triple-I Michael McRaith is proud of the way insurance companies and Corporate America have helped advance LGBTQ+ rights. In this installment of Declarations of Pride, the Managing Director of Blackstone Insurance Solutions discusses the evolution of LGBTQ+ rights and the importance of diversity in the workplace. McRaith’s distinguished insurance … Continue reading Declarations of Pride: Michael McRaith, Blackstone Insurance Solutions →
POSTED JUNE 15, 2021 1:16 PM |
Cyber Risk Gets Real, Demands New Approaches
With the cyber risk environment worsening significantly, a recent A.M. Best report says, “prospects for the U.S. cyber insurance market are grim.” The recent proliferation of ransomware attacks leading to business interruption and other related hazards has caused cyber insurance – which began as a diversifying, secondary line – to become a primary component of … Continue reading Cyber Risk Gets Real, Demands New Approaches →
POSTED JUNE 14, 2021 7:58 PM |
Declarations of Pride: Ken Ross, John Hancock
By Scott Holeman, Media Relations Director, Triple-I Triple-I’s Declarations of Pride series celebrates and features prominent LGBTQ+ insurance professionals. Meet Ken Ross, Vice President & Counsel at John Hancock Insurance, who says insurance companies are responding to the unique needs of the LGBTQ+ community. Ken also says Diversity, Equity and Inclusion have never been more … Continue reading Declarations of Pride: Ken Ross, John Hancock →
POSTED JUNE 10, 2021 8:38 PM |
Swiss Re: “Zombies”Could Kill Recovery
Global pandemic. Supply-chain disruptions. Increasingly costly cyber-attacks. Extreme weather and other climate-related hazards. And now, zombies. Swiss Re’s chief economist this week said failures of hundreds of “zombie companies” over the next few years are among the concerns prompting insurers to reduce risk and charge higher premiums – a trend that is likely to continue … Continue reading Swiss Re: “Zombies”Could Kill Recovery →
POSTED JUNE 09, 2021 6:30 PM |
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