Business Insurance

This article provides a comprehensive guide on how businesses can prepare for severe weather, emphasizing the importance of communication, insurance, and disaster recovery planning.

This article discusses the deteriorating property insurance market in Louisiana, comparing it with Florida's insurance crisis. It highlights the different root causes, legal system abuse, and the growth of the state-run insurer of last resort.

This article delves into the rising costs of homeowners insurance, comparing it to inflation rates and analyzing state-by-state affordability. It also discusses the impact of natural disasters and potential solutions to improve affordability and availability.

This article delves into the declining employment numbers in the property/casualty insurance sector, exploring the factors such as seasonal adjustments, reclassification, and digital transformation. It provides insights into the trends and their implications for the industry and offers practical advice for readers.

This article discusses the growing concern over litigation funding, the need for greater transparency in the industry, and the progress made towards achieving it. It highlights the potential risks and implications of third-party funding and provides advice for readers to stay informed.

This article discusses the potential impact of the U.K. business interruption litigation on U.S. insurers, exploring the stance of the Financial Conduct Authority, the ongoing test case, and the implications for pandemic business interruption coverage in the United States.

This article delves into the hidden dangers of lightning, highlighting its complexity and economic impact. It discusses the importance of lightning protection systems and how they can prevent significant damage and business interruption.

This article highlights the crucial role of workers' compensation adjusters in improving the lives of injured workers and their families. It discusses the significance of National Workers' Comp Adjuster Day and the complexity and rewards of the job, supported by recent data on claim processing times.

This article explores the shifting focus of COVID-19-related insurance disputes from business interruption coverage to workers' compensation and general liability policies. It highlights California's executive order facilitating workers' compensation for essential workers infected with COVID-19 and discusses the financial impact of the pandemic on workers' compensation, based on analysis by the National Council on Compensation Insurance.

This article discusses how the insurance industry is adapting to the economic challenges posed by the COVID-19 pandemic, highlighting the strong financial position of insurers and the innovative measures they are taking to support policyholders.

This article discusses a webinar on disaster preparedness for small businesses, featuring speakers from IBHS, SBA, and Triple-I. The webinar will cover topics such as severe weather, COVID-19 interruptions, and other forms of disaster, and will include stories from small businesses that have successfully recovered from disaster.

This article discusses the challenges faced by the insurance industry, including the impact of catastrophes like Hurricane Ida, the ongoing effects of COVID-19, and the economic recovery. It highlights the pressure on rates and profitability and provides insights into premium growth and driving behavior changes.

This article explores the factors driving the increase in commercial property insurance prices, including extreme weather, supply chain disruptions, and inflation. It provides strategies for stakeholders to mitigate these rising costs and offers insights into the broader economic impacts.

This article discusses the impact of the COVID-19 pandemic on global GDP and the insurance industry, highlighting the challenges faced by insurers due to economic uncertainty and lower interest rates.

Triple-I's new podcast series, 'All Eyes on Economics', hosted by Dr. Michel Léonard, explores the intersection of economics and insurance. Featuring interviews with industry experts, the podcast provides insights into managing economic uncertainty and integrating economic trends into daily responsibilities.

This article explores the contrasting views of the Federal Reserve and financial markets on post-pandemic economic recovery, highlighting the discrepancies in GDP forecasts and the economic considerations driving these differences.

This article explores how financial education content benefits both insurers and their customers, particularly in understanding the limitations of insurance coverage during pandemics and other large-scale events. It emphasizes the need for federal intervention in uninsurable risks and highlights the importance of financial literacy in disaster preparedness.

This article explores how small businesses can prepare for and recover from disasters, featuring insights from a recent webinar by the IBHS, SBA, and Triple-I. It highlights the importance of planning, the role of various stakeholders, and the necessity of appropriate insurance coverage.

This article discusses the underwriting losses in the property and casualty insurance industry, focusing on personal lines, and provides insights into improving underwriting results and premium growth. It also highlights the performance of commercial and workers compensation lines.

This article discusses the growing threat of wildfires and how Allianz and Triple-I are offering advanced mitigation strategies to protect businesses. It also highlights innovative technologies and provides practical advice for readers.

This article discusses the profitability of workers compensation insurance amidst economic uncertainties, highlighting recent trends in payroll growth and emerging issues that warrant attention.

This article discusses a panel discussion featuring Triple-I CEO Sean Kevelighan and other industry leaders on the topic of retroactive business interruption insurance policies. The discussion highlights the potential impact of such legislation on the insurance industry and advocates for a federal claims fund to support businesses affected by the COVID-19 pandemic.

The 2022 property & casualty insurance market is facing significant challenges due to inflation and a hard market, with underwriting profitability expected to worsen. Key drivers include the personal auto insurance line and commercial lines, which are projected to see underwriting losses. However, there are opportunities for insurers to adapt and thrive through innovative strategies.

Despite high-profile wildfires making headlines, U.S. wildfire frequency and severity are on track to be the lowest in two decades. This trend is likely due to investments in mitigation and population trends, but more needs to be done to protect homes in the wildland-urban interface.