(Photo by Joe Raedle/Getty Images) As work continues to address the harm inflicted by Hurricane Helene, researchers at Colorado State University (CSU) warn that the next two weeks “will be characterized by [tropical storm] activity at above normal levels.” The CSU researchers define “above normal” by accumulated cyclone energy (ACE) of more than 10. This … Read more
The Excess and Surplus (E&S) market has grown for five consecutive years by double-digit percentage rates. While expansion appears to have slowed, ample growth could [DP1] continue if major trends persist, according to Triple-I’s latest issue brief, Excess and Surplus: State of the Risk. As reported by S&P Global Intelligence, total premiums for 2023 reached $86.47 … Read more
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. The latest reports explore different aspects of unintentional bias and offer forward-looking solutions. The first – “A Practical Guide to Navigating Fairness in Insurance Pricing” – … Read more
Evaluation primarily based on exact, granular information is essential to honest, correct insurance coverage pricing – and is extra essential than ever earlier than in an period of elevated climate-related dangers. In a current Government Trade dialogue with Triple-I CEO Sean Kevelighan, a co-founder of Norway-based 7Analytics mentioned how his firm’s methodology – honed by … Read more
By Loretta Worters, Vice President, Media Relations, Triple-I One in 5 U.S. youngsters is uncertain the place they may get their subsequent meal, in keeping with the U.S. Division of Agriculture. In 2022, 33 p.c of single-parent households skilled meals insecurity, and the issue is particularly acute for households of coloration and households headed by … Read more