Author: sreeka

HI, My name is Sreeka I had always been interested in insurance industry , so that why I shared some thoughts about car and personal insurance sense. If you want to know more about this website. Please feel free to reach out to us. Thanks for visiting.
Fed’s Rate Move Portends Long-Term Challenges for P/C Insurers

Fed’s Rate Move Portends Long-Term Challenges for P/C Insurers

October 2, 2020

Dr. Steven N. Weisbart, CLU, Triple-I Senior Vice President and Chief Economist “The FOMC’s action will likely keep longer-term rates exceptionally low for several years more.” The Federal Open Market Committee (FOMC) of the Federal Reserve Board  recently spelled out its objectives and strategies for at least the next several years—describing a financial framework they […]

Read More
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 & […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
Lawyers’ Group Approves Best Practices to Guide Litigation Funding

Lawyers’ Group Approves Best Practices to Guide Litigation Funding

August 31, 2020

The policymaking arm of the American Bar Association (ABA) recently approved a set of best practices for litigation funding arrangements.  Litigation funding is an increasingly popular technique in which investors finance lawsuits in which they are not a party against companies – often insurers – in return for a share in the settlement. It contributes to “social inflation” – rising […]

Read More
Recession, Pandemic to Impact P/C Underwriting Results, New Report Shows

Recession, Pandemic to Impact P/C Underwriting Results, New Report Shows

August 27, 2020

The COVID-19 pandemic and the recession it started will result in no premium growth for 2020 and a deteriorated combined ratio for the property/casualty industry, according to the new report, Insurance Information Institute (Triple-I) / Milliman P/C Underwriting Projections: 2020-2022.  Sean Kevelighan Direct and net premium written will be virtually unchanged from 2019, while the industry […]

Read More