By Jeff Dunsavage, Senior Research Analyst, Triple-I Florida Gov. Ron DeSantis announced last week that state regulators have secured nearly $1 billion in premium refunds for Progressive auto ins
Category: Auto Insurance
Claims Severity Drives Liability Insurance Losses
By William Nibbelin, Senior Research Actuary, Triple-I Economic and social inflation have added a staggering $231.6 billion to $281.2 billion in increased liability insurance losses and Defense and Co
Claims Severity Drives Liability Insurance Losses
By William Nibbelin, Senior Research Actuary, Triple-I Economic and social inflation have added a staggering $231.6 billion to $281.2 billion in increased liability insurance losses and Defense and Cost Containment expenses in auto and general liability lines, a new report by Triple-I and the Casualty Actuarial Society. The study – The Impact of Increasing Inflation…
Florida Governor Touts Auto Insurance Rebates, Tort Reform Success
By Jeff Dunsavage, Senior Research Analyst, Triple-I Florida Gov. Ron DeSantis announced last week that state regulators have secured nearly $1 billion in premium refunds for Progressive auto insurance policyholders in the state, due to cost savings achieved through litigation reform. DeSantis, who signed sweeping tort reform legislation bills into law in 2022 and 2023, said…
Despite Headwinds,P/C Insurance Industry Maintains Course in 2025
By William Nibbelin, Senior Research Actuary, Triple-I The U.S. property/casualty (P/C) insurance industry is on track for a second consecutive year of underwriting profitability in 2025, and is projected to grow faster than the broader U.S. economy, according to the latest Insurance Economics and Underwriting Projections: A Forward View report from Triple-I and Milliman. The…
Revealing Hidden Costto Consumers of Auto Litigation Inflation
By William Nibbelin, Senior Research Actuary, Triple-I Motor vehicle tort cases in federal and state courts generated $42.8 billion in “excess value” from 2014 to 2023, according to new analysis by Triple-I. “Excess value” may sound like a good thing, but it’s not. It represents an additional cost of motor vehicle civil litigation – above…
Auto Premium Growth Slows As Policyholders Shop Around, Study Says
Improved loss ratios, strong premium growth, and lower retention rates characterized the U.S. auto insurance industry in 2024, according to LexisNexis® Risk Solutions’ 2025 U.S Auto Insurance Trends Report. The report shows that, “while a number of insurers returned to profitability as the market softened,” the market was characterized by “record levels of policy shopping and…
Parents Eye IoTto Address Perilsof Teen Driving
Parents are increasingly open to using technology to keep their teen drivers safe on the road, a recent survey from Nationwide finds. The survey found 4 out of 5 parents would enroll their teens in telematics programs that reward safe driving. This enthusiasm for tech-based solutions comes despite mixed parental assessments of their teens’ driving…
Personal Auto Shines, General Liability Faces Headwinds in Q3 2025
By William Nibbelin, Senior Research Actuary, Triple-I The U.S. property/casualty (P/C) insurance industry is entering the latter half of 2025 with a nuanced underwriting landscape, as revealed in the latest “Insurance Economics and Underwriting Projections: A Forward View” report from Triple-I and Milliman. While personal auto continues to be a strong performer, the general liability…
Insurance Affordability, Availability Demand Collaboration, Innovation
By Lewis Nibbelin, Contributing Writer, Triple-I Insurance industry executives and thought leaders gathered yesterday for Triple-I’s Joint Industry Forum (JIF) in Chicago to discuss the trends, economics, geopolitics, and policy influencing the market today, as well as ways to navigate these complexities while focusing on making their products affordable and available for consumers. Triple-I CEO…