TripleI

Triple-I Blog | JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot – Go Health Pro

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Triple-I Blog | JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot – Go Health Pro

By Lewis Nibbelin, Contributing Writer, Triple-I From “social inflation” to “tort reform” to, simply, “fraud,” settling upon uniform terminology to describe  litigation trends that drive up costs – including insurance premiums – for all Americans is a primary challenge to addressing them, according to participants at Triple-I’s 2024 Joint Industry Forum. “As we’re trying to raise … Read more

Triple-I Blog | Digital Claims Satisfaction Rises Among Insurance Customers – Go Health Pro

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Auto and home insurers’ investments in mobile app features and refinements have led to a significant rise in customer satisfaction scores, according to the J.D. Power 2024 U.S. Claims Digital Experience Study. The study revealed that overall satisfaction with the auto and home insurance digital insurance claims process is 871 (on a 1,000-point scale), up … Read more

Triple-I Blog | Outdated Building Codes Exacerbate Climate Risk – Go Health Pro

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Triple-I Blog | Outdated Building Codes Exacerbate Climate Risk – Go Health Pro

By Lewis Nibbelin, Contributing Writer, Triple-I Natural catastrophe perils’ rising frequency and severity may be impossible to fully abate, but Nationwide Property & Casualty Insurance Co. President and CEO Mark Berven believes modern building codes could dramatically reduce their costly destructiveness. In a recent article for PropertyCasualty360, Berven wrote that inconsistent building codes create alarming … Read more

Triple-I Blog | JIF 2024: Collective, Data-Driven Approaches Needed to Address Climate-Related Perils – Go Health Pro

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Triple-I Blog | JIF 2024: Collective, Data-Driven Approaches Needed to Address Climate-Related Perils – Go Health Pro

The need for collective action to address the property/casualty risk crisis was a recurring theme throughout Triple-I’s Joint Industry Forum in Miami – particularly during the panel on climate risk and  resilience. The discussion focused heavily on what’s currently being done to address this evolving area of peril. The panel, moderated by Veronika Torarp – … Read more

Triple-I Blog | New IRC Report:Personal Auto InsuranceState Regulation Systems – Go Health Pro

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Triple-I Blog | New IRC Report:Personal Auto InsuranceState Regulation Systems – Go Health Pro

By William Nibbelin, Senior Research Actuary, Triple-I  According to a new study by the Insurance Research Council (IRC), the rate filing process for personal auto insurance has become more inefficient and ineffective, taking longer to achieve rate approval with higher occurrence of approved rate impact lower than filed rate impact and a larger disparity between … Read more

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