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The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
Surge in U.S. auto insurer claim payouts due to economic and social inflation
The latest Insurance Information Institute (Triple-I) research indicates that between 2013 and 2022, economic and social inflation fueled a $96 to $105 billion increase in combined claim payouts for U.S. personal and commercial auto insurer liability. The report “Impact of Increasing Inflation on Personal and Commercial Auto Liability Insurance” outlines Triple-I’s continued exploration of the … Continue reading Surge in U.S. auto insurer claim payouts due to economic and social inflation →
POSTED SEPTEMBER 28, 2023 2:04 PM |
Attacking the Risk Crisis: Roadmap to Investmentin Flood Resilience
As part of its attack on the risk crisis, Triple-I recently participated in a project led by the National Institute of Building Sciences (NIBS) to develop a roadmap for mitigation investment incentives. The Resilience Incentivization Roadmap 2.0 builds off research NIBS published in 2019 and focuses on urban pluvial flooding, though many of the principles can be … Continue reading Attacking the Risk Crisis: Roadmap to Investmentin Flood Resilience →
POSTED SEPTEMBER 28, 2023 1:56 PM |
How Proposition 103 Worsens Risk CrisisIn California
California is not the only U.S. state struggling with insurance availability and affordability, but — as described in a new Triple-I Issues Brief — its problems are exacerbated by a three-decades-old legislative measure that severely constrains insurers’ ability to profitably insure property in the state. Instead of letting insurers use the most current data and … Continue reading How Proposition 103 Worsens Risk CrisisIn California →
POSTED SEPTEMBER 21, 2023 4:59 PM |
It’s Not an “Insurance Crisis” — It’s a Risk Crisis
Ten states – Louisiana, Florida, Idaho, Kentucky, Mississippi, Montana, North Dakota, South Carolina, Texas, and Virginia – as well as additional plaintiffs, are suing the Federal Emergency Management Agency (FEMA) over its new methodology for pricing flood insurance, Risk Rating 2.0. On Sept. 14, a federal hearing lasted six hours as the plaintiffs sought a … Continue reading It’s Not an “Insurance Crisis” — It’s a Risk Crisis →
POSTED SEPTEMBER 20, 2023 4:28 PM |
Shutdown Threat Looms Over U.S. Flood Insurance
Even as the 2023 Atlantic hurricane season proves to be more intense than originally predicted, federal funding for the National Flood Insurance Program (NFIP) is threatened by a potential government shutdown. Funding for NFIP will expire after September 30 if lawmakers don’t reach a deal. Claims on existing policies would still get paid if NFIP … Continue reading Shutdown Threat Looms Over U.S. Flood Insurance →
POSTED SEPTEMBER 18, 2023 3:05 PM |
Insurance Business AmericaAllstate Newsroom | News, Press Releases & Articles
Allstate to Discuss Third Quarter 2023 Earnings With Investors
NORTHBROOK, Ill., Sept. 28, 2023 – The Allstate Corporation (NYSE: ALL) will conduct a conference call and webcast at 9…
The post Allstate to Discuss Third Quarter 2023 Earnings With Investors appeared first on Allstate Newsroom.
POSTED SEPTEMBER 28, 2023 3:18 PM |
Allstate Debuts Coaching Mural to Develop Youth Soccer Players
New interactive community training mural unveiled in Chicago in partnership with Black Star and inspired by U.S. Soccer stars Crystal…
The post Allstate Debuts Coaching Mural to Develop Youth Soccer Players appeared first on Allstate Newsroom.
POSTED SEPTEMBER 26, 2023 12:30 PM |
Allstate Announces August 2023 Catastrophe Losses and Implemented Rates
NORTHBROOK, Ill., September 21, 2023 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of August…
The post Allstate Announces August 2023 Catastrophe Losses and Implemented Rates appeared first on Allstate Newsroom.
POSTED SEPTEMBER 21, 2023 12:00 PM |
Allstate and AFCA reveal the 2023 Good Works Team
22 student-athletes named to one of college football’s most prestigious honors for community service NORTHBROOK, Ill., September 12, 2023 –…
The post Allstate and AFCA reveal the 2023 Good Works Team appeared first on Allstate Newsroom.
POSTED SEPTEMBER 12, 2023 12:00 PM |
Allstate Announces Preferred Stock Dividends
NORTHBROOK, Ill., Aug. 30, 2023 – The Allstate Corporation (NYSE: ALL) today declared approximately $18.2 million in aggregate dividends on two series…
The post Allstate Announces Preferred Stock Dividends appeared first on Allstate Newsroom.
POSTED AUGUST 30, 2023 10:30 PM |
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