News Center
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
Workers Comp:A Strong Line Rebounds From Pandemic Pressure
Max Dorfman, Research Writer, Triple-I The workers compensation field is “responding and adapting remarkably well to economic changes,” according to Donna Glenn, chief actuary, National Council on Compensation Insurance (NCCI). “The pandemic brought new occupational illnesses into the system, but it was offset by a reduction of other types of claims back in 2020.” Glenn made … Continue reading Workers Comp:A Strong Line Rebounds From Pandemic Pressure →
POSTED SEPTEMBER 23, 2022 6:41 PM |
Kia, Hyundai Vehicles Stolen at Record Rates
Max Dorfman, Research Writer, Triple-I Bargain-priced Kia and Hyundai vehicles have begun being targeted for theft at rates similar to muscle cars and SUVs, the Highway Loss Data Institute (HLDI) has reported, based on an analysis of 2021 insurance claims. The spike is due, in part, to the fact that the models being stolen don’t … Continue reading Kia, Hyundai Vehicles Stolen at Record Rates →
POSTED SEPTEMBER 22, 2022 5:29 PM |
Chubb Study Parses Insurance-Buying Behavior By Generation
Millennial and Generation Z consumers are more likely than Baby Boomers or Gen-Xers to seek insurance advice from an agent or broker, according to recent findings by Chubb. The Chubb study explores attitudes about insurance-related matters across five generations of affluent and high net worth consumers in the U.S. and Canada. Its findings reveal differences in: … Continue reading Chubb Study Parses Insurance-Buying Behavior By Generation →
POSTED SEPTEMBER 20, 2022 3:06 PM |
PFAS-Related Litigation May Signal an Emerging Liability for Insurers
Max Dorfman, Research Writer, Triple-I Per- and Polyfluoroalkyl Substances (PFAS)—a varied group of human-made chemicals used in an array of consumer and industrial products—present a new potential liability for insurers, as U.S. regulatory activity continues to change, with lawsuit outcomes indicating this is an issue that will continue to develop. PFAS, which have existed since the 1930s, … Continue reading PFAS-Related Litigation May Signal an Emerging Liability for Insurers →
POSTED SEPTEMBER 15, 2022 7:59 PM |
Report: Traditional Reinsurance Capital Declining
By Max Dorfman, Research Writer, Triple-I A recent AM Best report finds that traditional reinsurance capital will decrease by approximately $40 billion by the end of 2022, lowering the total to $435 billion. This 8.4 percent decline comes after substantial increases of 15.5 percent for 2019, 8.9 percent for 2020, and 10.7 percent in 2021. … Continue reading Report: Traditional Reinsurance Capital Declining →
POSTED SEPTEMBER 08, 2022 5:30 PM |
Tech Gains Tractionin Fight Against Insurance Fraud
By Max Dorfman, Research Writer, Triple-I Insurance fraud costs the U.S. $308.6 billion a year, according to recent research by the Coalition Against Insurance Fraud (CAIF). And, while staffing within insurers’ Special Investigation Units (SIU) is a pain point, CAIF found that use of anti-fraud technology is on the rise. CAIF notes that hardest-hit insurance … Continue reading Tech Gains Tractionin Fight Against Insurance Fraud →
POSTED SEPTEMBER 06, 2022 2:57 PM |
Matching Price to Peril Helps Keep Insurance Available & Affordable
Setting insurance prices based on the risk being assumed seems a straightforward concept. If insurers had to come up with a single price for coverage without considering specific risk factors – including likelihood of having to submit a claim – insurance would be inordinately expensive for everyone, with the lowest-risk policyholders subsidizing the riskiest. Risk-based … Continue reading Matching Price to Peril Helps Keep Insurance Available & Affordable →
POSTED SEPTEMBER 06, 2022 1:46 PM |
Personal Auto Insurers’ Losses Keep RisingDue to Multiple Factors
Nearly all the largest U.S. personal auto insurers reported poor financial results in the second quarter of 2022, according to an S&P Global Market Intelligence analysis. Several issues contributed to this trend and are putting upward pressure on premium rates as insurers’ loss ratios grow. The loss ratio is the percentage of each premium dollar … Continue reading Personal Auto Insurers’ Losses Keep RisingDue to Multiple Factors →
POSTED AUGUST 31, 2022 5:35 PM |
IRC Releases StateAuto InsuranceAffordability Rankings
Louisiana, Florida, and Michigan are the three least affordable states for personal auto insurance, according to a new report by the Insurance Research Council (IRC). The three most affordable states, IRC finds, are Hawaii, New Hampshire, and North Dakota. The state-by-state affordability rankings by IRC – like Triple-I, an affiliate of The Institutes – are … Continue reading IRC Releases StateAuto InsuranceAffordability Rankings →
POSTED AUGUST 24, 2022 2:44 PM |
Piracy Incidents Decline, But Horizon Isn’t Clear
Maritime piracy in the first half of 2022 is at its lowest level since 1994, the International Maritime Bureau (IMB) says, with 58 incidents, down from 68 for the same period last year. Nevertheless, the organization cautions against complacency. For the full year 2020, IMB listed 195 actual and attempted attacks, up from 162 in … Continue reading Piracy Incidents Decline, But Horizon Isn’t Clear →
POSTED AUGUST 16, 2022 2:23 PM |
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