Casualty Insurance Claim Underwriting 
Triple-I: Workers Compensation
FEBRUARY 14, 2025
By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. A combined ratio under 100 indicates a profit. A ratio above 100 indicates a loss.
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
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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. Accordingly, the Court held the language to be ambiguous and found in the insured’s favor. Great Am.
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.
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….
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
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.
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