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Triple-I: 2023 Atlantic Hurricane Season Forecast to be ‘Slightly Below-Average'
April 13, 2023

... 14 named storms and eight hurricanes. Two reached major hurricane intensity – Fiona and Ian . Major hurricanes are defined as ... speeds reaching Category 3, 4 or 5 on the  Saffir-Simpson Hurricane Wind Scale .   Two hurricanes made continental U.S. ...


Triple-I: Louisiana’s Insurance Crisis Grew After 2020-21 Hurricanes
March 28, 2023

... paid out more than $23 billion after the 2020 and 2021 hurricane seasons, driving a number of them into insolvency, according to an ... severity of the insured loss payouts in the wake of 2020’s Hurricane Laura and 2021’s Hurricane Ida.  The Laura losses across all ...


Triple-I: Spring Is Good Time to Review Home Insurance Coverage
March 16, 2023

... disasters, such as a fire or a windstorm (e.g., tornado, hurricane), as well as the home’s personal property in the event the home’s ...


Inflation, Catastrophes, and Geopolitical Risks Weigh on 2022 P&C Industry Results, New Triple-I/Milliman Report Shows
February 7, 2023

... at 16.5% in 2022, following 17.4% growth in 2021. Despite Hurricane Ian, we forecast a combined ratio of 97.4 in 2022 and expect ...


Insurance Information Institute Releases Its 2022 Annual Report
February 2, 2023

... information for the media and the public in the aftermath of Hurricane Ian, which made two landfalls in the U.S. in late September 2022. ...


Triple-I: Boat Show Attendees Have Coverage Options
January 23, 2023

... separate windstorm and storm surge coverage for your boat in hurricane-prone states such as Florida.   Other coverages incorporated ... incurred by either the boat’s owner or its passengers Hurricane haul-out provisions to keep the boat out of harm's way and dry-docked ...


Triple-I’s Joint Industry Forum Previews 2023’s Key Challenges
December 6, 2022

... litigation expenses, and natural disasters such as Hurricane Ian weighed heavily on the underwriting profitability of U.S. auto ...


2022 Atlantic Hurricane Season Ends With 14 Named Storms – 8 Hurricanes
November 29, 2022

... ST. JOHNS, Fla., Nov. 29, 2022 —As the 2022 Atlantic hurricane season concludes tomorrow, it marks the seventh straight year in ... storms became hurricanes, and two of the eight reached major hurricane ( Category 3, 4, or 5 ) intensity. The season, which began June 1, ...


Triple-I Releases Final Agenda for Dec. 1 Joint Industry Forum
November 22, 2022

... responded swiftly to extraordinary natural disasters like Hurricane Ian, which is widely expected to be the second-costliest insurance ...


Making sure your home is properly covered for a disaster
November 16, 2022

... if you can't live in it due to an insured disaster such as a hurricane. It covers hotel bills, restaurant meals, transportation and other ...