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Triple-I Update: 2020’s Atlantic Hurricane Season to Have ‘Well Above-Average’ Activity
June 04, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org     NEW YORK, June 4, 2020— An updated 2020 hurricane season forecast released today by the Tropical Meteorology Project in the Department of Atmospheric Science at Colorado State University (CSU) calls for a “well above-average” level of tropical cyclone activity....

Media Advisory: Triple-I Featured at 2020’s National Hurricane Conference
June 01, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, June 1, 2020 – The Insurance Information Institute(Triple-I) will play a prominent role at the virtual 2020 National Hurricane Conference (NHC), which begins today and continues through Friday, June 12, with a series of weekday sessions. The Triple-I’s presentations will take place on two days this week....

Triple-I Releases New Hurricane Fact Files for 6 States as Storm Season Nears
May 28, 2020

For Immediate Release New York Press Office: (917) 923-8245; media@iii.org NEW YORK, May 28, 2020—With 2020’s Atlantic hurricane season starting on Monday June 1, the Insurance Information Institute (Triple-I) has issued its updated Hurricane Fact Files for six states: Alabama, Florida, Louisiana, Mississippi, North Carolina, and Texas. Hurricanes Barry and Dorian made landfall in Louisiana and North Carolina, respectively, in 2019....

Triple-I Co-Hosts Virtual Town Hall on Building Resilient Communities
May 22, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org      NEW YORK, May 22, 2020—The importance of disaster preparedness, building resilience, and innovative insurance products were the themes panelists highlighted at a virtual Town Hall co-hosted by the Insurance Information Institute (Triple-I) and ResilientH2O Partners....

Triple-I’s CEO Tells U.S. House—Global Pandemics Are Uninsurable
May 21, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org    NEW YORK, May 21, 2020---U.S. insurers serve as the nation’s financial first responders when natural disasters cause widespread property damage but insurers generally neither collect premiums for nor cover pandemic-caused losses, according to Sean Kevelighan, CEO, Insurance Information Institute (Triple-I)....

Media Advisory: Triple-I’s CEO To Testify Before U.S. House Subcommittee
May 20, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, May 20, 2020—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I), will be one of the five panelists tomorrow (Thursday) at a virtual forum about business interruption insurance. It is being conducted by the U.S. House of Representatives’ Subcommittee on Innovation and Workforce Development. WHAT: U.S....

Triple-I Launches Campaign To Support Resiliency Of The Economy During The Coronavirus Pandemic
May 18, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, May 18, 2020 – Today, a leading and trusted voice on insurance announced the launch of the Future of American Insurance & Reinsurance (FAIR) campaign. An initiative of the Insurance Information Institute (Triple-I), FAIR will focus on ensuring the insurance industry is able to sustain its longstanding role as the country's backbone of economic growth and stability....

Media Advisory: Triple-I To Offer Resilience Insights As Hurricane Season Nears
May 13, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, May 13, 2020— Michel Léonard, PhD, CBE, vice president and senior economist at the Insurance Information Institute (Triple-I), is co-hosting tomorrow (Thursday) a one-hour webinar on behalf of the Triple-I with ResilientH20 Partners. It will focus on managing extreme weather events in the current environment....

Triple-I White Paper—Costs of Convective Storms Are Rising
May 07, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org    NEW YORK, May 7, 2020—Severe convective storms—tornadoes, hail, thunderstorms with lightning, and straight-line winds—are among the biggest threats to life and property in the U.S., according to a white paper released today by the Insurance Information Institute (Triple-I)....

Triple-I: Knowing Insurance Is Part of Wildfire Preparedness
May 06, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org    NEW YORK, May 6, 2020 –The Insurance Information Institute (Triple-I) co-delivered today a presentation on Wildfires and Insurance: Learn How to Prepare Financially during a National Fire Protection Association (NFPA) Firewise USA webinar. “The increased severity of the nation’s wildfires stems in part from too many people residing in harm’s way....

Triple-I Marks National Hurricane Preparedness Week
May 01, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, May 1, 2020 – The start of what may be an "above-normal" 2020 Atlantic hurricane season is a month away and the Insurance Information Institute (Triple-I) is recommending homeowners, renters, and business owners prepare now.  “As much as we are living today with the unimaginable impact of COVID-19, we must remind residents along the Atlantic and Gulf coasts to remember it takes only one hurrican…...

Important Statements from Triple-I on Business Interruption Litigation Filings
April 29, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org      NEW YORK, April 29, 2020—   Statement by Triple-I CEO Sean Kevelighan Global pandemic risks are uninsurable. Given the unpredictability and unimaginable potential for worldwide losses, insurance is simply unable to cover a global pandemic. This concept is made expressly clear in standard U.S. business interruption policies, which are reviewed and supported by state insurance regulators....

Triple-I: Rewriting Contracts and Mandating Payouts Would Bankrupt Insurers
April 24, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, April 24, 2020—State legislation aimed at retroactively rewriting business interruption policies nationwide would cost insurers tens of billions of dollars a month and quickly imperil the U.S....

Media Advisory: Triple-I’s CEO To Discuss Insurance Industry’s COVID-19 Response on Friday, April 24 at 1 p.m. ET
April 23, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, April 23, 2020—Sean Kevelighan, CEO, the Insurance Information Institute (Triple-I), is one of five speakers participating tomorrow (Friday) in a webinar being co-sponsored by the National Council of Insurance Legislators (NCOIL) and the Rutgers Center for Risk and Responsibility at Rutgers Law School.  There is no registration fee. The webinar is open to the public....

Triple-I: Policyholders’ Surplus Set Aside to Pay Covered Claims
April 16, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, April 16, 2020 —In its second public economic briefing related to COVID-19, the Insurance Information Institute (Triple-I) today offered clarity and understanding in terms of the economic impact for the industry; how the industry surplus works for covered claims; and how any attempt to retroactively apply this pandemic to business interruption insurance policies would cause irreparable harm to the fi…...

Insurers Provide Relief After Deadly Tornadoes Ravage Southern States
April 15, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org     New York, April 15, 2020—U.S. insurers are assisting disaster victims after dozens of deadly tornadoes tore across multiple southern states, according to the Insurance Information Institute (Triple-I)....

National Dog Bite Prevention Coalition Offers Tips for Safely Sheltering at Home with Pets During the COVID-19 Crisis
April 15, 2020

CHICAGO, April 15, 2020 /PRNewswire/ -- The coronavirus pandemic has introduced a good deal of uncertainty into our lives, as well as the lives of our pets. As people shelter at home, adopt new pets or foster dogs for sick family and friends, now is the time to reinforce safety and responsible pet ownership. National Dog Bite Prevention Week (NDBPW) is April 12-18, 2020....

Triple-I Offers Insights into Business Interruption Insurance Coverage
April 14, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org NEW YORK, April 14, 2020—The Insurance Information Institute (Triple-I) released today a Fact Sheet on Understanding Business Interruption Insurance and Pandemics. “Business interruption policies generally require the losses to be caused by direct physical damage to the business’s property. For this reason, the deadly tornadoes the U.S....

Triple-I: U.S. Auto Insurers to Return $10.5 Billion to Customers
April 11, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, April 11, 2020—U.S. auto insurers will return more than $10 billion to their customers nationwide, according to an estimate released today by the Insurance Information Institute (Triple-I). “Insurers are again fulfilling their role as economic first responders by providing financial relief to customers when they need it most,” said Sean Kevelighan, CEO, Triple-I....

Media Advisory: Triple-I Postpones Until Thursday, April 16, Its Webinar On COVID-19’s Economic Impact
April 09, 2020

For immediate release  New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, April 9, 2020—The Insurance Information Institute (Triple-I) has postponed until Thursday, April 16, at 11 a.m., EDT, its live webinar on COVID-19’s impact on the U.S. economy as well as its property/casualty (P/C) insurance markets. WHAT: Triple-I Economic Briefing--COVID-19’s Impact on U.S. P/C Insurance Markets WHO: Dr....

Media Advisory: Triple-I Webinar To Examine COVID-19’s Economic Impact
April 08, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   NEW YORK, April 8, 2020—The Insurance Information Institute (Triple-I) is conducting a live webinar for the media tomorrow (Thursday) at 11 a.m., EDT, on COVID-19’s impact on the U.S. economy as well as its property/casualty (P/C) insurance markets. WHAT: Triple-I Economic Briefing--COVID-19’s Impact on U.S. P/C Insurance Markets WHO: Dr....

Triple-I: Insurers Offer Solutions For COVID-19 Recovery
April 03, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org      NEW YORK, April 3, 2020—U.S. insurers are meeting the challenges faced by their customers, communities, and employees amid the COVID-19 crisis, according to the Insurance Information Institute (Triple-I)....

Triple-I: 2020 Atlantic Hurricane Season Predicted to be ‘Above Normal’
April 02, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org   New York, April 2, 2020—An above-normal level of tropical cyclone activity is projected for the 2020 Atlantic hurricane season, according to a forecast released today by the Tropical Meteorology Project in the Department of Atmospheric Science at Colorado State University (CSU)....

Triple-I: Insurers Are Engaged In the COVID-19 Crisis
March 28, 2020

For immediate release New York Press Office: (917) 923-8245; media@iii.org     NEW YORK, March 28, 2020—U.S. insurers are covering employees and employers facing exposure to COVID-19 while easing the financial burdens of its customers and communities during an extraordinary time in the nation’s history, according to the Insurance Information Institute (Triple-I)....

Triple-I: Insurers Well-Positioned to Confront COVID-19’s Challenges
March 20, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, March 20, 2020—The U.S.’s auto, home, and commercial insurers have the financial resources to meet its obligations during the COVID-19 crisis, according to a presentation the Insurance Information Institute (Triple-I) delivered to state regulators....

Triple-I To Brief Insurance Regulators On COVID-19's Market Impact
March 16, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, March 16, 2020—The Insurance Information Institute (Triple-I) will deliver an online presentation to state regulators this week on the financial impact/policy coverage issues raised by COVID-19 in the U.S.'s property/casualty (P/C) insurance markets....

Consumers Severely Lack Understanding of Their ID Theft Insurance Coverage Options
March 10, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, March 10, 2020—Few U.S. homeowners and renters realize their existing insurance policies offer them limited identity (ID) theft coverage, according to the Insurance Information Institute’s (Triple-I) and J.D. Power’s 2020 Consumer Cyber Insurance and Security Spotlight Survey℠....

Media Advisory: Triple-I Experts Are Available to Discuss Insurance Implications of Tennessee’s Deadly Tornadoes
March 06, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org NEW YORK, March 6, 2020— Reporters covering the aftermath of this week’s deadly and devastating tornadoes in Tennessee may contact the Insurance Information Institute (Triple-I) for insights and analysis....

Triple-I Issues 2020’s A Firm Foundation: How Insurance Supports the Economy
March 03, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, March 3, 2020—The 2020 edition of A Firm Foundation: How Insurance Supports the Economy is now available online and free of charge. “The U.S.’s insurers provide financial security and peace of mind to millions of Americans while also being one of the U.S. economy’s most significant employers, investors, and taxpayers....

U.S. Homeowners Insurers Given Record-High Satisfaction Score
February 28, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, February 28, 2020 – U.S. homeowners who filed an insurance claim last year cumulatively gave their insurers record-high customer satisfaction ratings after being surveyed by J.D. Power, according to the Insurance Information Institute (Triple-I). U.S. homeowners insurers were given a record-high score of 881 (on a 1,000-point scale) in the just-released J.D. Power 2020 U.S....

Triple-I Appoints Friedlander, Maccini To Key Communications Posts
February 18, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org NEW YORK, February 18, 2020 —Mark Friedlander and Kris Maccini have been appointed to senior communications positions at the Insurance Information Institute (Triple-I) to broaden the organization’s traditional and social media operations. “We are extremely pleased to strengthen our roster with such experienced communications professionals,” said Sean Kevelighan, CEO, Triple-I....

Triple-I Video: U.S. Must Prepare For, And Insure Against, Natural Disasters
February 13, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, February 13, 2020 —The societal need to build resilience to natural disasters is the theme of the just-released Covered: The Story of a More Insured World, the Insurance Information Institute’s (Triple-I) newest video....

Utica National’s Richard P. Creedon Elected Chairman Of The Triple-I’s Board
February 06, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, February 6, 2020 – Richard P. Creedon, chairman of the board and chief executive officer of the member companies of the Utica National Insurance Group, has been elected chairman of the Insurance Information Institute’s (Triple-I) board of directors....

Triple-I Marks Its Fifth Straight Year As An Insurance Careers Month Partner
February 04, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, February 4, 2020— Furthering its ongoing and collaborative work to enhance talent recruitment efforts among the U.S.’s college students and young professionals, the Insurance Information Institute (Triple-I) will once again be a key partner to the annual Insurance Careers Month (ICM), now in its fifth year....

Media Advisory: Triple-I Has Insurance Resources For New York Boat Show
January 24, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org   NEW YORK, January 24, 2020 — Reporters covering this weekend’s Progressive Insurance New York Boat Show and seeking insights on how to insure recreational watercraft can contact the Insurance Information Institute (Triple-I)....

2020 Insurance Fact Book Is Online And Available For Purchase
January 08, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org  NEW YORK, January 8, 2020— The Insurance Information Institute (Triple-I) has released the 2020 Insurance Fact Book, a premier “go-to” publication issued annually since the Triple-I’s inception in 1960 and an essential resource for anyone who needs the most up-to-date information on insurance....

Triple-I Sponsored Academic Study: Rising Costs, Not Insurer Profits, Drive Auto Rates Higher
January 07, 2020

For immediate release New York Press Office: (212) 346-5500; media@iii.org  NEW YORK, January 7, 2020—U.S. auto insurer claim payout costs largely determine what a typical driver pays for coverage, according to a new study published in the National Association of Insurance Commissioners’ (NAIC) Journal of Insurance Regulation.  The study was commissioned by the Insurance Information Institute (Triple-I) through its non-resident scholar network....