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News Center
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
Online Promotionof Car-Theft Techniques Adds to Upward Pressure on Insurance Premiums
Three anti-crime organizations have asked YouTube to take down all videos that teach people how to steal Kia and Hyundai automobiles. The organizations – the National Insurance Crime Bureau (NICB), the Coalition Against Insurance Fraud, and the International Association of Special Investigation Units (IASIU) – made their request in response to a spike in thefts … Continue reading Online Promotionof Car-Theft Techniques Adds to Upward Pressure on Insurance Premiums →
POSTED JANUARY 24, 2023 8:29 PM |
Despite Warnings,Weak Password Policies Still Invite Cybercrime
By Max Dorfman, Research Writer, Triple-I It’s Cyber Security 101: Multi-factor authentication and hard-to-crack passwords are table stakes for preventing incursions. Nevertheless, “Password,” “12345”, and “Qwerty123” are among the most commonly found passwords leaked on the dark web by hackers, according to mobile security firm Lookout. And, despite the amount of attention the issue receives, the situation … Continue reading Despite Warnings,Weak Password Policies Still Invite Cybercrime →
POSTED JANUARY 19, 2023 7:54 PM |
Monetary Policy Drives Economic Prospects; Geopolitics Limits Inflation Improvement
Inflation, interest rates, and recession will dominate the U.S. economic narrative in the first quarter of 2023, shifting in the second and third to a focus on timing of recovery and a more neutral monetary policy and, in the fourth, whether and when the Fed will signal the start of a new easing cycle, according … Continue reading Monetary Policy Drives Economic Prospects; Geopolitics Limits Inflation Improvement →
POSTED JANUARY 19, 2023 5:34 PM |
Catalytic Converter Thefts Up, SpurringLawmakers to Act
By Max Dorfman, Research Writer, Triple-I Rising thefts of catalytic converters – driven, at least in part, by increased black-market prices for the motor vehicle pollution-control component – have prompted renewed state and federal focus on stopping these crimes. Converter thefts rose in 2021, with 52,206 reported, up from 1,298 in 2018, according to claims … Continue reading Catalytic Converter Thefts Up, SpurringLawmakers to Act →
POSTED JANUARY 09, 2023 2:50 PM |
Data Call Would Hinder Climate-Risk EffortsMore Than It Would Help
A new data-reporting mandate the U.S. Treasury Department’s Federal Insurance Office (FIO) is considering imposing on certain property/casualty insurers raises a variety of concerns both for insurers and their policyholders. In response to a request for comments on the proposed data call, Triple-I has told FIO that the requested data would be duplicative, could lead … Continue reading Data Call Would Hinder Climate-Risk EffortsMore Than It Would Help →
POSTED DECEMBER 22, 2022 12:38 AM |
JIF 2022 Wrap-Up:From Risk Transferto “Predict & Prevent”
Among the themes running through Triple-I’s 2022 Joint Industry Forum (JIF), a dominant one was the growing importance of predicting and preventing losses, versus the property/casualty insurance industry’s traditional emphasis on transferring risk from policyholders to insurers and assessing and paying claims when they arise. Increasing severity of weather- and climate-related events, compounded by rising … Continue reading JIF 2022 Wrap-Up:From Risk Transferto “Predict & Prevent” →
POSTED DECEMBER 20, 2022 5:00 PM |
A Discussion of Progress and Challenges in Diversity, Equity, and Inclusion at JIF 2022
By Max Dorfman, Research Writer, Triple-I At JIF 2022, a panel assembled to discuss the importance of diversity, equity, and inclusion (DEI) in the insurance industry. Jennifer Kyung, Property & Casualty (P&C) chief underwriter, USAA and Triple-I Chair, moderated the discussion, which focused on a wide array of issues, including the talent gap. “We need … Continue reading A Discussion of Progress and Challenges in Diversity, Equity, and Inclusion at JIF 2022 →
POSTED DECEMBER 19, 2022 2:35 PM |
Florida and Legal System Abuse Highlighted at JIF 2022
By Max Dorfman, Research Writer, Triple-I Florida took center stage at JIF 2022, as a group of panelists discussed growing courtroom costs and the rise of legal system abuse. “Legal system abuse is a combination of factors, including social inflation, nuclear verdicts, third party litigation funding, tort reform pullback, cost shifting schemes, and attorney advertising,” … Continue reading Florida and Legal System Abuse Highlighted at JIF 2022 →
POSTED DECEMBER 16, 2022 2:24 PM |
New Minimum Auto Liability Limits MayCause Consumersto Drop Insurance
By Max Dorfman, Research Writer, Triple-I Insurance groups argue that new laws in California and New Jersey that raise the minimum auto liability coverage required for drivers may cause price-sensitive consumers to drop their coverage. The law in California, signed by Gov. Newsom in October, raises the minimum liability coverage to $30,000 per single injury … Continue reading New Minimum Auto Liability Limits MayCause Consumersto Drop Insurance →
POSTED DECEMBER 09, 2022 7:13 PM |
JIF 2022: State Farm CEO Talks About the Power and Promise of Mutuality
State Farm CEO Michael Tipsord discussed a wide range of insurance industry issues and trends with Triple-I CEO Sean Kevelighan at Triple-I’s 2022 Joint Industry Forum. A unifying thread throughout their conversation was the continued relevance of State Farm’s mutual ownership structure and “captive” agent network in today’s risk and operational environment. State Farm is … Continue reading JIF 2022: State Farm CEO Talks About the Power and Promise of Mutuality →
POSTED DECEMBER 08, 2022 10:46 PM |
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