TripleI

Triple-I Blog | Resilience Investments Paid Off in Florida During Hurricane Milton – Go Health Pro

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Triple-I Blog | Resilience Investments Paid Off in Florida During Hurricane Milton – Go Health Pro

By Lewis Nibbelin, Contributing Writer, Triple-I Babcock Ranch – a small community in southwestern Florida dubbed “The Hometown of Tomorrow” – made headlines for sheltering thousands of evacuees and never losing power during Hurricane Milton, which devastated numerous neighboring cities and left more than three million people without power. Hunters Point, a subdivision on Florida’s … Read more

Triple-I Blog | Hail: The “Death by 1,000 Paper Cuts” Peril – Go Health Pro

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Triple-I Blog | Hail: The “Death by 1,000 Paper Cuts” Peril – Go Health Pro

By Lewis Nibbelin, Contributing Writer, Triple-I Earlier this year, baseball-sized hailstones in Denver totaled vehicles and pummeled homes and businesses during the second-costliest hailstorm in Colorado history, equating to billions in damages. Melon-sized stones hit Texas the same month, downing power lines and requiring snow plows to reopen roads. Hail – a sub-peril of severe … Read more

Triple-I Blog | US Consumers See Link Between Attorney Involvement in Claims and Higher Auto Insurance Costs: New IRC Report – Go Health Pro

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Triple-I Blog | US Consumers See Link Between Attorney Involvement in Claims and Higher Auto Insurance Costs: New IRC Report – Go Health Pro

According to a new survey conducted by the Insurance Research Council (IRC), most consumers believe attorney advertising increases the number of claims and lawsuits and the cost of auto insurance. The report, Public Opinions on Attorney Involvement in Claims, analyzes consumer opinions on attorney involvement in insurance claims and expands prior research. Overall, 60 percent … Read more

Triple-I Blog | Improved Commercial Auto Underwriting Profitability Expected After Years of Struggle – Go Health Pro

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Triple-I Blog | Improved Commercial Auto Underwriting Profitability Expected After Years of Struggle – Go Health Pro

The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary conditions that have been affecting property/casualty lines more recently. This trend has been accompanied by steady growth in net written premiums (NWP). This weakness in underwriting profitability has been driven by several causes, according to a new Triple-I … Read more

Triple-I Blog | Inflation Continuesto Drive Up Consumers’ Insurance Costs – Go Health Pro

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Triple-I Blog | Inflation Continuesto Drive Up Consumers’ Insurance Costs – Go Health Pro

By William Nibbelin, Senior Research Actuary, Triple-I Insurance is priced to reflect the underlying risk of every policy. When more claims are filed and the average amount paid of those claims increases, insurance becomes more expensive. A measure of underwriting profitability for insurance carriers is the combined ratio calculated as losses and expense divided by … Read more

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