Insurance Industry

By Loretta Worters, Vice President, Media Relations, Triple-I During an exclusive Groundhog Day webinar presented to Triple-I members by Triple-I and Milliman, experts talked about what the insurance industry can expect in 2021. Auto Insurance Report editor Brian Sullivan looked at both personal and commercial auto insurance.  “For the first nine months, private passenger auto
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Auto insurance rates declined in 2020 for the first time in a decade, according to a recent survey by ValuePenguin.com. The survey results anticipate a 1.7 percent decline nationally. A major factor in the decline are the pandemic-related discounts granted by insurers in 2020. These discounts have been valued at $14 billion, according to Triple-I
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Triple-I’s chief actuary, James Lynch, gave this talk on the changes that COVID-19 is bringing to the automobile insurance business, at the American Academy of Actuaries Annual Meeting last week. “Thanks for inviting me to be part of such an august panel. I wanted to spend a few moments talking about what Insurance Information Institute
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By James Ballot, Senior Advisor, Strategic Communications, Triple-I It’s been more than eight months since COVID-19 first struck the U.S., and millions of small business owners are still hurting. All the while, a few plaintiffs’ attorneys are treating the pandemic as another opportunity to profit from costly insurance litigation. At a time when businessowners are
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By Sean Kevelighan, CEO, Insurance Information Institute Sean Kevelighan Insurers have responded quickly and effectively to 2020’s extraordinary volume of hurricanes, wildfires, and civil unrest. These events are resulting cumulatively in billions of dollars in insured claim payouts.   Yet a recent Forbes article stated that the owners of one of the largest Broadway theater chains
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Future of American Insurance and Reinsurance (FAIR) has released a new interactive tool to help showcase the need for a federal solution to pandemic relief. The Business Interruption Insurance “explainer” utilizes digital storytelling techniques to help clarify information about this complex topic. The digital explainer complements the FAIR campaign’s other recently-released digital assets, including a video
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On September 28, the American Action Forum (AAF) hosted an event convening experts to discuss the urgency of government-backed financial relief for businesses whose incomes have suffered under the coronavirus pandemic conditions and what challenges lie ahead. Entitled “Assessing Financial Support for Businesses During the Pandemic,” the discussion was centered on the following key topics: The impact and
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Young startup coffee cafe owener open and welcome customer. New small business owener. September is National Preparedness Month, and this years’ theme of “Disasters Don’t Wait. Make Your Plan Today” could not be more timely as many areas of the country experience record-breaking wildfires and storms. On September 16, the Insurance Institute for Business &
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September 16, 2020 2:00 PM ’ 3:00 PM EDT This year’s National Preparedness Month theme of “Disasters Don’t Wait. Make Your Plan Today” has never been more appropriate. Join the Insurance Institute for Business & Home Safety (IBHS), the Small Business Administration (SBA), and the Insurance Information Institute (Triple-I) during National Preparedness Month for a
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