Month: September 2020

Small businesses share how they prep for and successfully recover from disaster

Small businesses share how they prep for and successfully recover from disaster

September 28, 2020

Young startup coffee cafe owener open and welcome customer. New small business owener. September is National Preparedness Month, and this years’ theme of “Disasters Don’t Wait. Make Your Plan Today” could not be more timely as many areas of the country experience record-breaking wildfires and storms. On September 16, the Insurance Institute for Business & […]

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If It Can Rain, It Can Flood: Buy Flood Insurance

If It Can Rain, It Can Flood: Buy Flood Insurance

September 24, 2020

Rivers swollen by Hurricane Sally’s rains have devastated parts of the Florida Panhandle and south Alabama, and the storm’s remnants are forecast to spread the flooding to Georgia and the Carolinas. Many of the properties damaged will doubtless be found to be uninsured, compounding homeowners’ misery. A well-known coverage gap The flood insurance protection gap […]

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Policyholder Surplus Matters: Here’s Why

Policyholder Surplus Matters: Here’s Why

September 20, 2020

Perhaps the most emotionally compelling data point invoked by those who would compel insurers – through litigation and legislation – to pay business-interruption claims explicitly excluded from the policies they wrote is the property/casualty insurance industry’s nearly $800 billion policyholder surplus.  Many Americans hear “surplus” and think of a bit of cash they have stashed […]

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Battling Fires, California Also Struggles to Keep Homeowners Insured

Battling Fires, California Also Struggles to Keep Homeowners Insured

September 16, 2020

The Los Angeles office of the National Weather Service predicted prolonged, potentially record-setting heat and dangerous weather conditions throughout California this summer – and, some experts expect it to continue for some time beyond. “If you like 2020, you’re going to love 2050,” said Michael Gerrard, director of Columbia University’s Sabin Center for Climate Change […]

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Insurers Respond to COVID-19 (5/08/2020)

Insurers Respond to COVID-19 (9/2/2020)

September 12, 2020

U.S. insurers and their foundations by June 2020 had donated about $280 million in response to COVID-19, the Insurance Information Institute (Triple-I) estimates based on information collected by the Insurance Industry Charitable Foundation (IICF) International insurers and their foundations donated an additional $150 million. U.S. auto insurers have  returned more than $14 billion to their […]

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Insurance Careers Corner: Q&A with Tasha Fuller, FloodFrame USA

Insurance Careers Corner: Q&A with Tasha Fuller, FloodFrame USA

September 8, 2020

By Kris Maccini, Social Media Director, Triple-I Triple-I’s “Insurance Careers Corner” series was created to highlight trailblazers in the insurance industry and to spread awareness on the career opportunities within the industry. This month we interviewed, Tasha Fuller, CEO & Co-Founder, FloodFrame USA, a Houston-based company that provides homes and businesses with a waterproof cloth […]

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Hurricane Season:More Than Wind & Water

Hurricane Season:More Than Wind & Water

September 4, 2020

Under the best of circumstances, the Atlantic hurricane season is a challenging time. Despite improved forecasting and analytical tools, pre-storm communication, and engineering, hurricane-related losses continue to climb. But the 2020 season hasn’t come during the best of circumstances. This extremely active season arrived on the heels of a pandemic that hasn’t ebbed, accompanied by […]

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