Triple-I: Homeowners Insurance

APRIL 21, 2025

Others for example, improved building and zoning codes that could help reduce losses and improve insurance affordability have met persistent local resistance. Triple-I, its members, and partners are involved in several of these efforts, which well be reporting on here as they progress.

Risk

Triple-I: Workers Compensation

JUNE 25, 2025

Despite recently posting its most favorable underwriting performance since 2013, the property/casualty insurance industry faces several obstacles to continued progress, particularly from tariffs issued by the Trump Administration. By Lewis Nibbelin , Contributing Writer, Triple-I Global economic uncertainty emerging from recent U.S.

Policy

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.

Casualty Insurance

Insurance Journal

DECEMBER 12, 2024

New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several options under discussion as the state’s …

Property Insurance

Insurance Journal

MAY 19, 2025

The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry’s response to claims following hurricanes Milton and Helene. “The vast majority of claims from Hurricanes Milton and Helene have been settled, …

Claim

Insurance Journal

APRIL 2, 2025

The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund.

Claim

Property Insurance Coverage Law

NOVEMBER 1, 2024

Note: This guest blog is by Frank Lombard, CPCU, ARM, an independent property/casualty insurance advisor. Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims.

Home Insurance

Insurance Journal

SEPTEMBER 30, 2024

Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …

Property Insurance

Insurance Journal

OCTOBER 9, 2024

Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims. “Any move …

Policyholder

Insurance Journal

OCTOBER 17, 2024

Publicly traded HCI Group, the Tampa-based holding company for Homeowners Choice Property & Casualty, TypTap and a new condominium insurance reciprocal, is one of the first insurers to report estimated losses after recent hurricanes. HCI said in a statement Wednesday …

Claim

Insurance Journal

APRIL 25, 2025

Georgia Insurance Commissioner John King predicted property-casualty insurance rates will drop 3% to 5% in the next year after lawmakers approved significant tort reform measures. He also seemed to warn insurance companies about filing for major increases, according to news …

Casualty Insurance

Prof. Allan Manning

JULY 5, 2023

This event would not be possible without the generous support of our sponsors Steadfast Claims Services and icare. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented. The event is a not for profit one with all proceeds going to the Amal Mulia Orphanage.

Claim

The Property Insurance Law Observer

OCTOBER 16, 2024

In the recent decision Universal Property & Casualty Insurance Co. The court emphasized that under both the insurance policy’s plain language and Florida Statute §627.7011(3)(a), payment of replacement cost value is contingent upon the actual completion of repairs.

Damage

Prof. Allan Manning

APRIL 7, 2024

The 2024 Mansfield Awards for Claims Excellence are just over 3 months away and we could really do with your help with ensuring the best of the best win. If you have had a claim yourself or are an adviser who has had a client or clients have a claim, we would really appreciate your taking a few minutes to rate the claims service.

Claim

Frankenmuth Insurance

JANUARY 9, 2025

Some agents deal only in personal insurance and others only in commercial coverage. Some offer property and casualty insurance, but not life insurance. Having an easy rapport with your insurance agent can make claims and policy questions a lot less stressful. What coverage do you offer? Are we a good fit?

Insurance Agent

Insurance Journal

DECEMBER 10, 2024

Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measurea social inflation index. Related article: US Nuclear Verdicts Break Records …

Insurer

The Property Insurance Law Observer

AUGUST 22, 2024

Specifically, the insured noted that the “floor had sagged, was bouncing, and that a section of the floor had partially detached from the Property’s exterior wall.” This prompted the insured to submit a claim. Hartford Casualty Insurance Co. , Jemiola Living Trust v. 3d 84 (Conn.

Building

Triple-I: Homeowners Insurance

MARCH 4, 2025

Floridas legislative reforms to address claim fraud and legal system abuse are stabilizing the states property/casualty insurance market, according to the latest Triple-I Issues Brief. Based on insured losses, Ian became the second-most costly U.S.

Premium

Triple-I: Homeowners Insurance

MAY 8, 2024

Legislative reforms put in place in 2022 and early 2023 to address legal system abuse and assignment-of-benefits claim fraud in Florida are beginning to help the state’s property/casualty insurance market recover from its crisis of recent years, according to a new Triple-I Issues Brief. With only 15 percent of U.S.

Premium

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

last year – has commandeered the messaging once associated with insurers, noted Temple, who encouraged the industry to “take back that high ground” of providing “dependability and stability during the worst days of people’s lives” without overuse of brand mascots or jingles. “We We want to pay claims as expeditiously as possible….

Out-Of-Pocket

Triple-I: Homeowners Insurance

DECEMBER 5, 2024

By Lewis Nibbelin, Contributing Writer, Triple-I Natural catastrophe perils rising frequency and severity may be impossible to fully abate, but Nationwide Property & Casualty Insurance Co. President and CEO Mark Berven believes modern building codes could dramatically reduce their costly destructiveness. “The U.S.

Building

Triple-I: Workers Compensation

MARCH 21, 2023

Additionally, the increased focus on pre-loss risk management and post-loss claims management can drive members’ premiums down even further by the second and third year of membership. Group captives can provide a viable way to protect companies across several lines of casualty insurance. million to almost $22.3

Workers Compensation

Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. for 2022, up 1.2

Underwriter

Agency MVP

DECEMBER 20, 2021

Law § 4224(c) (McKinney 2007) clearly states that: "In connection with property/casualty insurance, Insurance Law § 2324(a) prohibits an insurer, agent or broker from giving anything of value to a client or prospective client that is not specified in the contract, except for an item that has a value of no more than $15.00

Insurance Agent

Majesco

APRIL 11, 2024

There is inflation and its pressure on claims costs, whether it’s medical or it is physical damage to homes and businesses. Some customers can’t afford their insurance and they are decreasing the amount of insurance they have or not purchasing it all together. We have challenges from a macroeconomic perspective.

Commercial Property

Majesco

FEBRUARY 22, 2024

Trend 2: Robust Growth in Excess & Surplus Lines and MGAs Managing general agents in the US market saw very strong growth in 2022, well above the broader property/casualty insurance market growth, according to Conning’s 2023 annual MGA report. with $85.5B in 2022.

Insurer

Friendly Agent

DECEMBER 3, 2020

Selling Property and Casualty insurance part time or as a Side Hustle Property and Casualty insurance (also called P&C insurance )refers to car insurance, home insurance, liability insurance and other types of non -life/health insurance.

Insurance Agent

Redbird Agents

JULY 9, 2024

You’ve gotten lazy on studying the different types of insurance which impacts your ability to navigate your client’s needs. I spoken with thousands of insurance agents, many of whom are venturing out on their own for the first time. What is an Insurance Sales Agent? Is life insurance sales a good career?

Insurance Agent

Triple-I: Homeowners Insurance

SEPTEMBER 24, 2024

The Casualty Actuarial Society (CAS) has added to its growing body of research to help actuaries detect and address potential bias in property/casualty insurance pricing with four new reports. The latest reports explore different aspects of unintentional bias and offer forward-looking solutions.

Risk

Hunton Andrews Kurth

JULY 16, 2021

However, contamination events and ensuing recalls can lead to a variety of other claims that implicate a number of other coverages, including liability coverage for claims against officers and directors addressing the company’s internal contamination risk and safety policies and procedures. Blue Bell Creameries USA, Inc.

General Liability

Triple-I: Homeowners Insurance

MAY 29, 2025

Homes built or retrofitted to FORTIFIED standards from the Insurance Institute for Business & Home Safety were found to have suffered far less property damage and a lower volume of insurance claims from Hurricane Sally which made landfall in Gulf Shores, Alabama, as a Category 2 storm in September 2020 than non-FORTIFIED properties.

Property Damage

LexisNexis

APRIL 22, 2025

If enacted, it could impact property-casualty insurance claims and litigation in the state.

Insurance Industry

Triple-I: Homeowners Insurance

APRIL 22, 2025

The Institutes’ Pete Miller and Francis Bouchard of Marsh McLennan discuss how AI is transforming property/casualty insurance as the industry attacks the climate crisis. Given the human and financial costs associated with climate risks, it was appropriate to see the property/casualty insurance industry strongly represented.

Casualty Insurance