TripleI

Triple-I Blog | Louisiana Is Least Affordable State for Personal Auto Coverage Across the South and U.S. – Go Health Pro

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Triple-I Blog | Louisiana Is Least Affordable State for Personal Auto Coverage Across the South and U.S. – Go Health Pro

Despite strong income growth that has helped improve personal auto insurance affordability in Louisiana, the state remains the least affordable among its Southern neighbors and the rest of the United States, according to the Insurance Research Council (IRC). In 2022, the average annual premium expenditure per vehicle for auto insurance in Louisiana was $1,588, which … Read more

Triple-I Blog | Removing Incentivesfor Development From High-Risk Areas Boosts Flood Resilience – Go Health Pro

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Triple-I Blog | Removing Incentivesfor Development From High-Risk Areas Boosts Flood Resilience – Go Health Pro

(Photo by Jonathan Sloane/Getty Images) By Lewis Nibbelin, Contributing Writer, Triple-I Withdrawing federal subsidies in climate-vulnerable areas can deter development and promote disaster resilience, according to a recent Nature Climate Change study. The study found that these benefits extend beyond the targeted areas. These findings underscore the utility of land conservation as hazard protection, as … Read more

Triple-I Blog | Florida InsurersCan Weather AnotherBig Storm This Season – Go Health Pro

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Triple-I Blog | Florida InsurersCan Weather AnotherBig Storm This Season – Go Health Pro

Despite warnings from two leading insurance rating agencies that Hurricane Milton weakened or threatened Florida’s recovering home insurance market, the market “can manage losses” from the Category 4 storm “and are ready to cover yet another hurricane,” if one should come this season, according to industry experts who spoke with the South Florida Sun Sentinel. … Read more

Triple-I Blog | Multi-Family Affordable Housing Market Challenged by Surges in Insurance Premiums – Go Health Pro

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Triple-I Blog | Multi-Family Affordable Housing Market Challenged by Surges in Insurance Premiums – Go Health Pro

With ​​nearly half of all homes in the United States at risk of “severe or extreme” damage from events like flooding, high winds, and wildfire, the perfect storm of climate risk and legal system abuse creates obstacles for homeowners. It also threatens a more financially vulnerable segment of the housing market, as increased premiums and … Read more

Triple-I Blog | Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines – Go Health Pro

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The U.S. 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.  The report was released during a members-only webinar on Oct. 10. The industry’s estimated net combined ratio of 99.4 represented a 2.3-points year-over-year improvement, with commercial lines … Read more

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