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 64

Building Risk Casualty Insurance Premium 64

Frankenmuth Insurance

JANUARY 9, 2025

This means theyve had training or testing to be designated as a Certified Insurance Counselor, Accredited Advisor in Insurance, Certified Risk Manager, or Certified Financial Planner. Some agents deal only in personal insurance and others only in commercial coverage. Titles arent everything, however.

Insurance Agents 101

Insurance Agents Insurance Agent Agents License 101

Unitas Financial Services

JULY 18, 2022

But what impact does record-breaking inflation have on the cost of a property and casualty insurance policy? Consumers are feeling the pain at the pump, the grocery, and when shopping for virtually any good or service.

Casualty Insurance 52

Casualty Insurance Insurance Policy Insurance Insurer 52

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.

Premium 52

Premium Insurance Insurer Insured 52

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. It’s not too late to register for Triple-I’s Joint Industry Forum : Solutions for a New Age of Risk. represented a 2.3-points

Commercial 68

Commercial Underwriting Underwriter General Liability 68

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. Each owner makes a modest initial capital contribution,” states the paper, Group Captives: An Opportunity to Lower Cost of Risk.

Workers Compensation 40

Workers Compensation Premium Liability General Liability 40

Bankers Insurance

JULY 22, 2024

The team at Bankers Insurance is always seeking opportunities to volunteer and support our community,” said Tom Ball, Senior VP of Risk Management Services. “We It’s a great feeling to link arms with our agents and make an impact.” “The Today, more than 175 years later, as a leading U.S.-based

Broker-Agent 64

Broker-Agent Agents Insurance Insurer 64

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. The average risk-adjusted cost for 2024 was -0.7 The cost of reinsurance also continues to decrease for Florida carriers.

Premium 52

Premium Claim Auto Insurance Property Insurance 52

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 points from 2021, according to actuaries at Triple-I and Milliman , a risk-management, benefits, and technology firm. for 2022, up 1.2 We forecast 2022 P&C premium growth of 8.5

Underwriting 40

Underwriting Underwriter Workers Compensation Premium 40

Triple-I: Homeowners Insurance

DECEMBER 3, 2024

Secrecy surrounding TPLF prevents insurers and regulators from identifying, let alone mitigating, the risks of increased costs and time to resolve claims disputes. We’re looking at TPLF as potentially exacerbating national security risk,” said Jerry Theodorou, policy director for finance, insurance, and trade at the R Street Institute.

Out-Of-Pocket 64

Out-Of-Pocket Broker-Agent Premium Claim 64

Prof. Allan Manning

JULY 5, 2023

Just a reminder that there is only 3 weeks to go before the 2023 Mansfield Awards, which is now in its 7th year! The awards night will be held at The Establishment Ballroom, located at 252 George St, Sydney. The function starts at 6pm, with the awards portion running for approximately 1 hour, during which 6 awards will be presented.

Claim 130

Claim Casualty Insurance Insurance Claim Insurance Industry 130

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 130

Claim Insurance Industry Business Interruption Insurance 130

Majesco

APRIL 11, 2024

Most insurers are in a sort of pressure-cooker situation where challenges are creating pressure and good decisions need to be made. They are looking at their financials, growth, profitability, pace of technology change, increasing risk, and customer demands to determine next steps with their technology foundation.

Commercial Property 40

Commercial Property Risk Claim Deductible 40

Majesco

FEBRUARY 22, 2024

Figure 1: Insurers’ strategic initiatives, 2024 vs 2023 However, due to a combination of factors, many insurers still operate with traditional, historical operational practices and technology, keeping them in a legacy environment that does not allow them to adapt or keep pace with changes in the market, customers, and risk.

Insurance 40

Insurance Insurer Insured Broker-Agent 40

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 Agents 130

Insurance Agents Insurance Agent Agents Insurance Carrier 130

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. Most said they believe the burden should be on the insurers to detect and test their models for potential algorithmic bias.

Risk 59

Risk Casualty Insurance Policyholder Premium 59

Hunton Andrews Kurth

JULY 16, 2021

Specifically, the ATVs exceed mandatory maximum speed limits for youth ATVs, posing a risk of a high-speed crash that could lead to serious injury or death. In Discover Property & Casualty Insurance Co. The CPSC and a distributor recently issued a warning and recall for another children’s product: youth ATVs.

General Liability 52

General Liability Commercial General Liability Liability Injury 52

Triple-I: Homeowners Insurance

APRIL 21, 2025

Nationwide impacts More than $280 million in federal funding for flood protection and climate resilience projects across New York City including critical upgrades in Central Harlem, East Elmhurst, and the South Street Seaport is now at risk, according to an article in AMNY. Senate Majority Leader Chuck Schumer and Gov.

Risk 66

Risk Building Protection Damage 66

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 64

Casualty Insurance Insurance Insurer Insured 64

Majesco

JANUARY 23, 2025

Whether they are going solo with one insurer or they are partnering with multiple insurers to grow within their niche MGAs are all part of a trend toward reaching the previously unreachable. and 17% percent in 2021, demonstrating the importance of MGAs in the insurance market.

Insurance 40

Insurance Insurer Insured Underwriter 40

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 59

Casualty Insurance Building Risk Insurance Industry 59