By William Nibbelin, Senior Research Actuary, Triple-I Economic and social inflation have added a staggering $231.6 billion to $281.2 billion in increased liability insurance losses and Defense and Cost Containment expenses in auto and general liability lines, a new report by Triple-I and the Casualty Actuarial Society. The study – The Impact of Increasing Inflation…
Choosing the right bike spare parts ensures optimal performance and safety. Genuine parts maintain your bike’s warranty and can be crucial for insurance claims. Always verify part numbers and look for BIS certification. Buy from authorized dealerships or trusted mechanics. Maintaining records of replacements is vital for insurance purposes. Avoid cheap deals from unverified sellers…
By Jeff Dunsavage, Senior Research Analyst, Triple-I Florida Gov. Ron DeSantis announced last week that state regulators have secured nearly $1 billion in premium refunds for Progressive auto insurance policyholders in the state, due to cost savings achieved through litigation reform. DeSantis, who signed sweeping tort reform legislation bills into law in 2022 and 2023, said…
By William Nibbelin, Senior Research Actuary, Triple-I The U.S. property/casualty (P/C) insurance industry is on track for a second consecutive year of underwriting profitability in 2025, and is projected to grow faster than the broader U.S. economy, according to the latest Insurance Economics and Underwriting Projections: A Forward View report from Triple-I and Milliman. The…
A new report by Rates.ca shows a single claim of flood damage could increase home insurance premiums by 19 per cent, but you could face more costs without any coverage at all.
By William Nibbelin, Senior Research Actuary, Triple-I Motor vehicle tort cases in federal and state courts generated $42.8 billion in “excess value” from 2014 to 2023, according to new analysis by Triple-I. “Excess value” may sound like a good thing, but it’s not. It represents an additional cost of motor vehicle civil litigation – above…
It’s mandatory, affordable, and your best defence against crippling liabilities.
A climate nonprofit plans to revive a key federal database tracking billion-dollar weather and climate disasters that the Trump Administration stopped updating in May, Bloomberg reported. The database captures the financial toll of increasingly intense weather events and was used by insurers and others to understand, model, and predict weather perils across the United States.…
Improved loss ratios, strong premium growth, and lower retention rates characterized the U.S. auto insurance industry in 2024, according to LexisNexis® Risk Solutions’ 2025 U.S Auto Insurance Trends Report. The report shows that, “while a number of insurers returned to profitability as the market softened,” the market was characterized by “record levels of policy shopping and…
Parents are increasingly open to using technology to keep their teen drivers safe on the road, a recent survey from Nationwide finds. The survey found 4 out of 5 parents would enroll their teens in telematics programs that reward safe driving. This enthusiasm for tech-based solutions comes despite mixed parental assessments of their teens’ driving…
