Business Insurance

This article delves into the latest property/casualty insurance underwriting projections by Triple-I and Milliman, highlighting the challenges posed by inflation, catastrophe losses, and market dynamics. It provides insights into the industry's performance and future projections, offering valuable advice for stakeholders.

The Institutes' Predict & Prevent® podcast has been recognized in PropertyCasualty360's Insurance Luminaries Class of 2024 for its innovative approach to risk management. The podcast explores new technologies and resilience strategies to predict and prevent losses, offering actionable insights for the risk management and insurance community.

This article discusses the challenges and opportunities in business interruption insurance during the pandemic, focusing on the uninsurability of global pandemics, the need for direct physical damage, and the impact on the insurance industry. It provides insights and recommendations for both businesses and insurers.

This article explores the benefits and considerations of member-owned group captives in the context of a hard insurance market, providing insights from a recent paper by Dr. Patricia Born.

Insurers, regulators, and members of Congress express concern over S&P's proposed changes in rating criteria, particularly regarding the definition of 'available capital'. The changes could disrupt the underwriting of catastrophe risk and increase financial leverage, counter to the stability sought from rating agencies.

A study by the Insurance Research Council reveals that auto damage claims are growing at more than double the rate of inflation, driven by technological advancements and increased repair costs. This article explores the findings and offers strategies for policyholders to stay protected.

The P&C insurance industry faced significant losses in 2023 due to severe convective storms. Despite this, projections indicate a gradual recovery by 2025, with improvements in underwriting profitability expected in both personal and commercial lines.

This article delves into the differences between business interruption and event cancellation insurance, particularly in the context of the COVID-19 pandemic. It highlights the necessity of physical damage for business interruption claims and the potential coverage of event cancellations due to pandemics, supported by real-world examples and data.

This article examines the resilience of U.S. employment amidst monetary tightening, with a focus on the insurance sector. It discusses the implications for monetary policy and future employment trends, providing insights for readers to stay informed about the evolving economic landscape.

Sean Kevelighan, Triple-I CEO, will be speaking at the RAA Catastrophe Risk Management conference, discussing the economic impact of the pandemic on insurers, pandemic-related litigation, and reinsurance issues. The conference features a powerhouse roster of experts and offers networking opportunities and on-demand sessions.

This article discusses the increasing impact of natural catastrophes on the insurance industry and society, emphasizing the need for a shift towards resilience and preparedness. It highlights the role of insurers as both financial responders and planners, and the importance of public-private partnerships and advanced data analytics in mitigating risks.

This article delves into the reasons behind the rising homeowners' insurance premium rates, emphasizing the impact of the pandemic, long-term natural catastrophe trends, and the financial implications for both insurers and homeowners.

This article explores how actuarial and economic analyses shape insurance pricing in a dynamic environment marked by high inflation, climate-related risks, and varying regulatory constraints. It highlights the importance of using multiple data sources and sophisticated analyses to strengthen the precision of projections and improve the accuracy of pricing and underwriting.

Liberty Mutual Foundation is pioneering a three-pronged approach to climate resilience in vulnerable communities, focusing on nature-based solutions, green jobs, and resilient infrastructure. This article explores these initiatives, supported by real-world data, and offers practical advice for those looking to make a difference.

This article explores the significant impacts of the federal government shutdown on key agencies, including the FDA, NTSB, and FEMA, highlighting concerns in food safety, transportation, and housing sectors. It emphasizes the importance of understanding the long-term effects of such shutdowns and offers practical advice for readers.

The 2020 Virtual Triple-I Forum provided insights into the insurance industry's resilience, innovation, and collaborative efforts in response to the challenges posed by the pandemic.

This article explores the existence and development of pandemic insurance, and why businesses failed to purchase it despite its availability. It also provides useful advice for businesses to consider pandemic insurance as part of their risk management strategy.

This article explores the initial impact of COVID-19 on workers' compensation claims, the uncertainties and concerns it presents, and the implications of state compensability presumptions. It also provides useful advice for readers navigating this evolving landscape.

The debt ceiling debate in the U.S. is adding to the challenges faced by the property/casualty insurance industry, potentially leading to higher insurance premiums for consumers.

A webinar hosted by the Greenberg School of Risk Management at St. John’s Tobin College of Business discussed the global spread of social inflation, its causes, and its impact on insurance costs. Experts highlighted the need for insurance professionals to adapt to legislative and societal changes to mitigate its effects.

This article explores the critical importance of proper decontamination practices in the context of COVID-19, emphasizing the need for prevention, rapid response, and safe disposal to ensure business continuity and public safety.

This article analyzes the impact of COVID-19 on the world's top insurance markets, highlighting the expected 4.5% GDP decrease in 2020 and discussing the factors influencing economic recovery in 2021.

This article discusses the challenges faced by property/casualty insurers due to the Federal Reserve's low-interest rate policy and explores strategies insurers might adopt to navigate this environment.

This article explores the complexities of adding additional insureds to insurance policies, using examples from the Deepwater Horizon disaster to illustrate the potential legal and financial consequences of ambiguous policy language. It also discusses the growing interest in marine insurance education and provides practical advice for underwriters and claims adjusters.