Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Tort reform is discussed as a legislative solution to the challenge of legal system abuse excessive policyholder or plaintiff attorney practices that increase costs and time to settle insurance claims.

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Triple-I: Homeowners Insurance

JANUARY 20, 2025

Role of telematics Usage-based insurance, for instance, allows insurers to tailor auto rates based on the policyholders driving behavior, tracked by telematics. Updated legal regulations are equally important to ending legal system abuse as reasserting the key values of insurers to protect and care for policyholders.

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Triple-I: Business Insurance

JUNE 8, 2022

With this in mind, 73 percent of policyholders said they consider climate change one of their primary concerns, compared with 40 percent of insurers. “Insurers who prioritize focus on sustainability will be making smart long-term business decisions that will positively impact their future relevance and growth.

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American Agents Alliance

MARCH 3, 2025

For example, AI could exclude an important endorsement the policyholder needs, which could result in a claim denial in the future for a loss where the policyholder expects to have coverage. Chatbots and other types of automated interactions with policyholders could create errors.

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Triple-I: Homeowners Insurance

JUNE 27, 2024

By Lewis Nibbelin, Guest Blogger for Triple-I Home and auto insurance premium rates have been a topic of considerable public discussion as rising replacement costs and other factors – from climate-related losses to fraud and legal system abuse – have driven rates up and, in some states, crimped availability and affordability of coverage.

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Triple-I: Homeowners Insurance

MARCH 4, 2025

In addition, the brief says, the number of insurers writing business in the state has rebounded after a multi-year exodus. This competition from the private market has allowed policyholders to leave Citizens Property Insurance Corp.

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LexisNexis

NOVEMBER 5, 2024

CENTER SQUARE ) WA Considering Delay of New Insurance Premium Change Transparency Requirement Washington State Insurance Commissioner Mike Kreidler (D) has proposed delaying Phase 2 of a recently adopted insurance premium change transparency rule for two years, from June 2027 to June 2029.

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Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Opaque, ill-defined language empowers predatory “ billboard attorneys ” to define these terms themselves, contributing to pervasive policyholder distrust, said Jeff Sauls, Farmers Insurance head of legislative affairs. Clear communication is key, the participants agreed.

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Tosten Marketing

MARCH 31, 2025

Who Is Your Ideal Insurance Client? Pinpointing Your Perfect Policyholder Understanding your target market forms the foundation of any successful insurance agency marketing plan. For instance, send home maintenance tips to homeowners insurance clients or safe driving reminders to auto insurance policyholders.

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Jackson & Jackson

FEBRUARY 14, 2025

Lets take a deeper dive into what Erie Insurance Rate Lock is and how it works, as well as what to expect once your Rate Lock period comes to a close. What Is Erie Insurance Rate Lock? Erie Insurance Rate Lock is a benefit provided to policyholders who have had no tickets, accidents, or claims within the last three years.

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Triple-I: Workers Compensation

JULY 22, 2024

By Max Dorfman, Research Writer, Triple-I For the last 35 years, the National Conference of Insurance Guaranty Funds (NCIGF) – an organization dedicated to serving 55 property/casualty state guaranty funds – has provided operational support; communications, education, and outreach; as well as public policy management for these organizations.

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TGS

OCTOBER 30, 2024

Don’t Miss Out on Discounts—They Add Up Insurance companies love to reward good behavior, and that’s where discounts come in. Bundling your home and auto insurance with the same provider? Look for reviews from other policyholders and pay attention to customer satisfaction ratings. Got a security system installed?

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Shield Insurance Agency

AUGUST 20, 2024

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

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Triple-I: Business Insurance

AUGUST 11, 2022

Social inflation” refers to the impact of litigation costs on insurers’ claim payouts, loss ratios, and, ultimately, how much policyholders pay for coverage. “More rate increases are needed to offset economic and social inflation loss pressures,” Kurtz said.

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Leadsurance

AUGUST 1, 2023

By incorporating elements such as: challenges points levels leaderboards gamification creates an interactive and engaging experience for users, including policyholders. Can gamification be used in different insurance plans? The gamification platform can be customized according to the specific needs and goals of each insurance plan.

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Constant Contact

JANUARY 28, 2021

Feel free to include these common questions: When should I update my life insurance coverage? Under what circumstances should I file an auto insurance claim? How do umbrella insurance policies work? Should I bundle my auto and homeowners insurance? Will my credit history influence my insurance rates?

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Majesco

APRIL 11, 2024

We are starting to see it on homeowners insurance. Insurers are giving devices to policyholders that address these problems in order to improve the loss ratio. This applies to auto as well. At the international level, I have seen auto insurers building their own network of body shops, and buying parts for the body shops.

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Triple-I: Homeowners Insurance

MAY 2, 2025

Senate members refused to concur with the proposal and sent the bill back to the House, which can either remove Jacques amendment or let the entire bill die.

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Redbird Agents

JULY 9, 2024

A high turnover rate in the insurance industry is often due to unrealistic expectations about the career path, lack of initial support or training, difficulty in building a sufficient client base, and the stress related to income instability. What type of insurance agent? Why is selling life insurance hard?

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Triple-I: Homeowners Insurance

SEPTEMBER 24, 2024

Risk/Regulatory Environment Highlights Role of Risk-Based Pricing Illinois Bill Highlights Need for Education on Risk-Based Pricing of Insurance Coverage New Illinois Bills Would Harm — Not Help — Auto Policyholders

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Distinguished

JUNE 2, 2025

Optional Enhancements for Ohio Landlords Brokers can customize policies with optional add-ons that provide extra protection: Flood insurance: Critical for properties near rivers or flood-prone areas. Hired and non-owned auto insurance: Covers vehicles used for property management.

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Triple-I: Homeowners Insurance

MARCH 13, 2025

Property and casualty insurers are no less concerned, as the cost of repairing and replacing damaged property is a driver of claim costs and, ultimately, policyholder premiums. Tariffs and threats of tariffs have been roiling financial markets since January.

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Triple-I: Business Insurance

APRIL 18, 2025

President Donald Trump are on track to increase the price of parts and materials used in repairing and restoring property after an insurable event. Analysts and economists, predict these price hikes will lead to higher claim payouts for P&C insurers and, ultimately, higher premiums for policyholders.

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