TripleI

Triple-I Blog | BRIC Funding Loss Underscores Needfor Collective Actionon Climate Resilience – Go Health Pro

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Triple-I Blog | BRIC Funding Loss Underscores Needfor Collective Actionon Climate Resilience – Go Health Pro

The Trump Administration’s unwinding of the Building Resilient Infrastructure and Communities (BRIC) program and cancellation of all BRIC applications from fiscal years 2020-2023 reinforce the need for collaboration among state and local government and private-sector stakeholders in climate resilience investment. Congress established BRIC through the Disaster Recovery Reform Act of 2018 to ensure a stable … Read more

Triple-I Blog | Tariff Uncertainty May Strain Insurance Markets, Challenge Affordability – Go Health Pro

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Triple-I Blog | Tariff Uncertainty May Strain Insurance Markets, Challenge Affordability – Go Health Pro

Chief Economist and Data Scientist, Dr. Michel Léonard Recent tariffs issued by U.S. President Donald Trump are on track to increase the price of parts and materials used in repairing and restoring property after an insurable event. Analysts and economists, predict these price hikes will lead to higher claim payouts for P&C insurers and, ultimately, … Read more

Triple-I Blog | Reining in Third-Party Litigation Funding Gains Traction Nationwide – Go Health Pro

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Triple-I Blog | Reining in Third-Party Litigation Funding Gains Traction Nationwide – Go Health Pro

A record number of bills targeting third-party litigation funding are under consideration across the United States, with Georgia and Kansas already passing disclosure measures, according to an analysis by Insurance Insider. The U.S. Government Accountability Office defines third-party litigation funding as “an arrangement in which a funder who is not a party to the lawsuit agrees to … Read more

Triple-I Blog | Despite Progress, California Insurance Market Faces Headwinds – Go Health Pro

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Triple-I Blog | Despite Progress, California Insurance Market Faces Headwinds – Go Health Pro

Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the state’s risk profile continues to evolve in ways that impede progress, according to the most recent Triple-I Issues Brief. Like many states, California has suffered greatly from climate-related natural catastrophe losses. Like some disaster-prone states, it also has … Read more

Triple-I Blog | Tenfold Frequency Rise for Coastal Flooding Projected by 2050 – Go Health Pro

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Triple-I Blog | Tenfold Frequency Rise for Coastal Flooding Projected by 2050 – Go Health Pro

Approximately 2.5 million Americans in 1.4 million homes will be at risk from severe coastal flooding by 2050, with Florida, New York, and New Jersey facing the highest exposure, according to a new report from Climate Central’s Coastal Risk Finder. Coastal flooding in the U.S. now occurs three times more frequently than 30 years ago, … Read more