By Lewis Nibbelin, Contributing Writer, Triple-I Heading into 2025, countless communities are still grappling with the $27 billion natural disasters that impacted the United States last year – a total driven by costly storms and severe inland flooding. Many affected residents lacked flood coverage and will rely almost exclusively on federal relief funding to recover, … Read more
Road safety efforts in Europe offer numerous examples and success stories from which U.S. jurisdictions are learning. In the latest Triple-I Executive Exchange, MAPFRE USA President and CEO Jaime Tamayo sat down with Triple-I CEO Sean Kevelighan to discuss these learnings from an insurance perspective. “In Europe, road-related fatalities are significantly lower than in the … Read more
Guest column by Sean Kevelighan, Chief Executive Officer of the Insurance Information Institute, published in the Ventura County Star. As catastrophic wildfires blaze through Southern California, the human toll is heartbreaking, and the financial aftermath is staggering. For the millions impacted, the first step is safety. But as the flames subside, families will turn to … Read more
Reforms put in place in 2024 are a positive move toward repairing Louisiana’s insurance market, which has long suffered from excessive claims litigation and attorney involvement that drive up costs and, ultimately, premium rates. But more work is needed, Triple-I says in its latest Issues Brief. Research by the Insurance Research Council (IRC) – like … Read more
Florida’s legal system reforms, aimed at curbing frivolous lawsuits and unfair liability divisions, are showing early signs of success, according to a recent study from the U.S. Chamber of Commerce Institute for Legal Reform. The historic reform legislation passed in 2022 and 2023 has led to insurance carriers expanding their business in Florida, and homeowner … Read more
