Triple-I: Homeowners Insurance

FEBRUARY 13, 2025

Property damage liability claims per 100 insured vehicles are 15 percent higher, and relative body injury claims frequency is 60 percent higher. Rising claim frequency and litigation costs put coverage affordability and availability at risk.

Commercial General Liability

Rough Notes

MAY 2, 2025

INSURANCE-RELATEDCOURTCASESDigested from case reports published onlineCOURT DECISIONS Appraisal outcome freezes compensation 50 Exchange Terrace LLC sought to collect under a property policy with Mount Vernon Specialty Insurance Company (Mount Vernon) for damage to its property in Rhode Island. After frozen pipes […]

Compensation

American Agents Alliance

APRIL 3, 2025

The Relationship Between Tariffs and Insurance Costs Rising tariffs could impact many different lines of business, but some experts have narrowed their focus to the effects on homeowners and auto (both personal and commercial). This drives up the cost to repair, impacting claims costs. Become a member today!

Agents

Triple-I: Homeowners Insurance

MAY 15, 2025

P&C insurance industry’s financial outcomes for 2024 revealed a net combined ratio (NCR) of 96.6, By William Nibbelin, Senior Research Actuary, Triple-I The U.S. demonstrating a substantial 5.1-point

Workers Compensation

Simply Insurance

JUNE 24, 2025

Loss assessment coverage can vary based on your deductible choice, providing additional protection for shared property damage or liability claims. Travelers Travelers is a trusted name in the insurance industry, offering comprehensive condo insurance policies with customizable coverage options.

Insurance Quotes

ProWriters

FEBRUARY 23, 2025

Merck won an appeal against and ultimately settled the coverage dispute with its insurers. Yet this high-profile case illustrates the insurance industry’s need to evolve policy language to address contemporary cyber risks, including state-sponsored cyber attacks.

Cyber

Simply Insurance

JUNE 14, 2025

Industry Monthly Cost Coverage Level Legal $160 Comprehensive Hospitality $110 Standard CYBER SECURITY INSURANCE WHERE YOU LIVE Cyber insurance by state. Keep your business safe with a Cyber Insurance Policy. Click on your state to get a free quote today.

Insurance Quotes

Triple-I: Homeowners Insurance

APRIL 21, 2025

Resilience key to insurance availability Average insured catastrophe losses have been on the rise for decades, reflecting a combination of climate-related factors and demographic trends as more people have moved into harms way.

Risk

Simply Insurance

JULY 1, 2025

State Farm Car Insurance State Farm is a trusted name in the insurance industry, offering reliable coverage and excellent customer service. Liability Liability coverage is mandatory in Illinois and covers damages to others if youre at fault in an accident. What is considered good car insurance coverage In Illinois?

Insurance Quotes

Triple-I: Homeowners Insurance

JUNE 5, 2025

For example, renters might find it helpful to know their policy covers a loss event linked to discrimination against them, such as malicious damage or vandalism to the property by a third party. ” Triple-I works to advance the conversation around crucial issues in the insurance industry, including Talent and Recruitment.

Protection

Simply Insurance

JUNE 13, 2025

Beazley Beazley specializes in providing insurance solutions for complex risks, making them an excellent choice for life sciences companies. They offer flexible policies and a high level of expertise in the industry. What Is Life Sciences Insurance?

Insurance Quotes

Prof. Allan Manning

FEBRUARY 3, 2025

Some Defined Events policies do not exclude Acts of Terrorism, but the loss or damage would still need to be as a result of a Defined Event. Ie if it involves fire then the damage would all other things be equal, be covered. There are a few Policies with Optional Accidental Damage which do not have an Exclusion.

Policy

Property Insurance Coverage Law

OCTOBER 23, 2024

While Jimmy Patronis and Governor DeSantis trumpet their latest emergency rule as consumer protection following the CBS 60 Minutes Expose noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, the reality reveals a different story.

Policyholder

Insurance Journal

OCTOBER 30, 2024

Flooding from Hurricane Milton appears to have been more extensive than initially determined, affecting almost 185,000 buildings all across Florida, says a new analysis from ICEYE, a firm that uses satellite images to measure damage for the insurance industry. The …

Building

Insurance Journal

OCTOBER 29, 2024

Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for many inside and outside of the insurance industry, if not front and center. Images of flood and storm damage from …

Damage

Property Insurance Coverage Law

OCTOBER 2, 2024

Recent investigative reporting by CBS’s 60 Minutes, noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, has exposed alleged widespread underpayments of claims and unethical claims practices in Florida’s property insurance industry.

Claim

Property Insurance Coverage Law

OCTOBER 1, 2024

Heritage Insurance (HRTG) lost 20% of its publicly traded value yesterday following the recent CBS 60 Minutes investigation into alleged insurance fraud in Florida, which has sent shockwaves through the insurance industry.

Damage

Property Insurance Coverage Law

DECEMBER 15, 2024

I have a vision of Amy Bach, the Executive Director of United Policyholders, jumping for joy as she read the North Carolina Supreme Court opinion, which the insurance industry must think of as a Friday the 13th ruling.

Policyholder

American Agents Alliance

JANUARY 11, 2025

These wildfires have caused historic damage, claimed lives, and threatened communities. As stories of resilience and courage emerge and the fires are contained, agents and brokers provide critical insurance support for policyholders. See how weve been empowering independent P&C agents and brokers to thrive since 1962.

Insurance Industry

Neilson Marketing Services

OCTOBER 2, 2024

For businesses in the insurance sector, which handles vast amounts of sensitive client data, this threat is especially menacing. A single breach could lead to devastating consequences, including financial losses, legal liabilities, damage to your reputation, and the potential loss of client trust.

Cyber

Triple-I: Homeowners Insurance

JANUARY 13, 2025

Weather Experiences Nearly half of the participants reported damage to their homes after a severe weather event. About 34 percent said they filed an insurance claim after experiencing damage to their homes, and 45 percent said they hired a contractor. Between 1980 and 2024 (as of November 1), the U.S. However, the U.S.

Policyholder

Bankers Insurance

OCTOBER 21, 2024

This year, Bankers Insurance is focusing on the most frequent causes of fire-related losses and sharing tips compiled by Travelers Insurance to help safeguard you and minimize fire losses. Regularly inspect electrical cords for any signs of fraying and replace damaged ones.

Insurance Agent

Rough Notes

DECEMBER 2, 2024

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS Arson doesn’t pay A fire damaged a malt beverage store owned by A Maxon Company, LLC (AMC). The Weatherspoons counterclaimed for breach of […]

Damage

Protect Commercial Insurance

OCTOBER 11, 2024

These disasters cause exponential damage to commercial properties. Just imagine: a flood sweeping through a business district, causing structural damage and interrupting operations for weeks, if not months. The financial implications of such events are enormous and insurers certainly take notice.

Commercial Property

Triple-I: Homeowners Insurance

NOVEMBER 5, 2024

For residents of both communities, this news comes as no surprise; their flood-resistant infrastructure and solar panel power systems have helped them survive several storms and hurricanes with only minor damages, demonstrating the utility of disaster resilience planning. Such planning is expensive to implement.

Premium

InsuredMine

DECEMBER 26, 2024

Of this, flooding accounted for approximately $82 billion in damages, yet only $13 billion was covered by insurance, as reported by insurance firm Aon. In 2019 alone, disasters such as the Australian and Amazonian wildfires, severe flooding in the United States, and prolonged droughts in India caused widespread devastation.

Risk

Bankers Insurance

NOVEMBER 15, 2023

These issues can lead to expensive damage, operational disruptions, and potential safety hazards. Property damage: Burst pipes and malfunctioning sprinkler systems can result in substantial water damage to a building’s structure, interior, and equipment, incurring significant repair costs.

Protection

Triple-I: Homeowners Insurance

DECEMBER 5, 2024

Virginia and Florida, for example, have long-modeled robust building code systems, leading both to consistently top code adoption rankings especially after the latter saved an estimated $1 billion to $3 billion in averted damages during Hurricane Ian through its modern Florida Building Code.

Building

Protect Commercial Insurance

SEPTEMBER 6, 2024

The Rise of Cyber Insurance As cyber threats become more sophisticated and frequent, the demand for cyber insurance has skyrocketed. Companies of all sizes are increasingly targeted by cybercriminals, and the consequences can be devastating—from financial losses to reputational damage.

Commercial Insurance

Boston ERISA & Insurance Litigation

SEPTEMBER 24, 2024

Many of you know that I have been writing about the intersection of the insurance industry and climate change for almost long as this blog has existed.

Insurance

Property Insurance Centre

OCTOBER 18, 2024

Recent data from 2023 and 2024 highlights the financial strain on insurers and property owners alike, driven by more severe storms, heavy rainfall, and unpredictable weather patterns. Rising Claims Due to Extreme Weather In 2023, UK insurers faced record-breaking claims from weather-related damage.

Property Insurance

Scott Insurance

JANUARY 28, 2022

While insurance coverage is typically relied upon for many property-related losses, there remains a disconnect about how mold claims are often handled by the insurance industry. Risk Management Considerations There are many factors that come into play when considering the environmental conditions that lead to the growth of mold.

General Liability

Bankers Insurance

MAY 7, 2024

Insurance agency partners with the Red Cross to tackle national blood shortage Earlier this year, the American Red Cross (Red Cross) announced an emergency blood shortage as a result of the lowest number of people giving blood in the last 20 years.

Insurance

Triple-I: Homeowners Insurance

JULY 9, 2024

While most farmers are insured against crop damage due to heat conditions and homeowners insurance typically covers wildfire-related losses, Porfilio noted, a “more subtle impact is on roofs that we thought were built to a 20-year lifespan.” This is what the insurance industry is prepared for,” Kevelighan said.

Risk

Protect Commercial Insurance

DECEMBER 6, 2024

This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts. This real-time information enables insurers to offer dynamic pricing models that reflect actual risk more accurately.

Commercial Insurance

Freeway Insurance

NOVEMBER 24, 2024

If two carriages collided, there simply wasnt a huge risk of damage due to their low speed. Laying Down the Law: The First Car Insurance Policies Motorized automobiles started cropping up in the late 1800s. Laying Down the Law: The First Car Insurance Policies Motorized automobiles started cropping up in the late 1800s.

Auto Insurance

Jackson & Jackson

AUGUST 16, 2024

This guide aims to shed light on the basics of homeowners insurance, the challenges specific to California’s insurance market, the reasons why finding coverage is more challenging now, tips for homeowners to navigate these obstacles, and a glimpse into the future of homeowners insurance in the state.

Insurance