Tariffs and threats of tariffs have been roiling financial markets since January. Property and casualty insurers are no less concerned, as the cost of repairing and replacing damaged property is a driver of claim costs and, ultimately, policyholder premiums. Triple-I Chief Economist and Data Scientist Dr. Michel Léonard recently sat down to explain the implications…
Author: Admin
mf5atl
Florida ReformsBear Fruit as Premium Rates Stabilize
Florida’s legislative reforms to address claim fraud and legal system abuse are stabilizing the state’s property/casualty insurance market, according to the latest Triple-I Issues Brief. Claims-related litigation has significantly declined over the past two years, and premium averages are nearly flat, with several insurers requesting rate decreases from the state’s insurance regulator. In addition, the…
Track your car insurance details online in minutes
In India, you can easily check your car insurance details online through platforms such as the Parivahan Portal, IIB Portal, mParivahan app, and state RTO websites. These government-run resources allow you to quickly access your vehicle’s insurance status, policy issuer, and validity by entering the registration number.
IRC report reveals that one in three drivers were either uninsured or underinsured in 2023.
In 2023, despite nearly universal legal requirements to have auto insurance, more than one in seven drivers (15.4 percent) nationally were uninsured, and more than one in six drivers (18.0 percent) were underinsured, according to the new report, Uninsured and Underinsured Motorists: 2017–2023, by the Insurance Research Council (IRC), affiliated with The Institutes. Across the…
New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis
Insurance affordability in Georgia is dwindling as claim frequency and insurer costs soar, according to the latest issue brief from Insurance Information Institute (Triple-I), Trends and Insights: Georgia Insurance Affordability. Given the state’s below-average income vs. above-average insurance expenditures, Georgia ranks 42nd on the list of affordable states for homeowners insurance and 47th (plummeting from…
When will your insurer not cover claims under your third-party motor insurance?
Driving in India without third-party (TP) insurance is illegal and can result in financial burdens if caught without a valid policy. However, even when you have a TP cover, there may be instances where your TP insurer may refuse to cover damages and injuries caused to third parties by the insured vehicle. Read on to…
When will your insurer not cover claims under your third-party motor insurance?
Driving in India without third-party (TP) insurance is illegal and can result in financial burdens if caught without a valid policy. However, even when you have a TP cover, there may be instances where your TP insurer may refuse to cover damages and injuries caused to third parties by the insured vehicle. Read on to…
JIF 2024: What Resilience Success Looks Like
By Lewis Nibbelin, Contributing Writer, Triple-I The efficacy of collaboration and investment by “co-beneficiaries” in resilience initiatives was a dominant theme throughout Triple-I’s 2024 Joint Industry Forum – particularly in the final panel, which celebrated leaders behind recent real-world impacts of such investments. Moderated by Dan Kaniewski, Marsh McLennan (MMC) managing director for public sector, the…
Zero depreciation car insurance: 5 things to know
Zero depreciation car insurance ensures that the insurance company does not deduct the depreciation value of car parts while settling a claim.
Zero depreciation car insurance: 5 things to know
Zero depreciation car insurance ensures that the insurance company does not deduct the depreciation value of car parts while settling a claim.