News Center
The trusted source of unique, data-driven insights on insurance to inform and empower consumers.
Federal study of third-party litigation funding reveals maturing and growing markets, lack of transparency, and scarce regulation.
At the end of 2022, the U.S. Government Accountability Office (GAO) released a report, Third-Party Litigation Financing: Market Characteristics, Data and Trends. Defining third-party litigation financing or funding (TPLF) as “an arrangement in which a funder who is not a party to the lawsuit agrees to help fund it,” the investigative arm of Congress looked … Continue reading Federal study of third-party litigation funding reveals maturing and growing markets, lack of transparency, and scarce regulation. →
POSTED MARCH 23, 2023 1:58 PM |
IRC Outlines Florida’sAuto Insurance Affordability Problems
Florida is one of the least affordable states for personal auto insurance, according to a new study by the Insurance Research Council (IRC). Claims trends are pushing premium rates up nationwide, and Florida is being hit particularly hard. In 2020, the average expenditure for auto insurance was $1,342 in Florida, more than 30 percent higher … Continue reading IRC Outlines Florida’sAuto Insurance Affordability Problems →
POSTED MARCH 22, 2023 6:07 PM |
Group Captives Offer Cost-Sensitive Companies Opportunities to Savein Face of Inflation
By Max Dorfman, Research Writer, Triple-I Today’s inflationary conditions may increase interest for group captives – insurance companies owned by the organizations they insure – according to a new Triple-I Executive Brief. Group captives recruit safety-conscious companies with better-than-average loss experience, with each member’s premium based on its own most recent five-year loss history. Additionally, … Continue reading Group Captives Offer Cost-Sensitive Companies Opportunities to Savein Face of Inflation →
POSTED MARCH 21, 2023 1:40 PM |
Pay Equity In The Insurance Industry: It Makes Good Business Cents
By Loretta L. Worters, Vice President, Media Relations, Triple-I The gender pay gap is a sensitive topic we need to spotlight. We’ve seen it in every industry, from entertainment – when Patricia Arquette called for wage equality in her 2015 Oscars acceptance speech – to Wall Street, when CNBC reported in 2019 that Citibank admitted that its … Continue reading Pay Equity In The Insurance Industry: It Makes Good Business Cents →
POSTED MARCH 14, 2023 6:09 PM |
Crash-Avoidance Features Complicate Auto Repairs But Still Are Valued
Max Dorfman, Research Writer, Triple-I As more new vehicles become equipped with crash-avoidance features, some owners report significant issues with the technologies after repairs, according to a recent report from the Insurance Institute of Highway Safety (IIHS). In the survey, approximately half of those who reported an issue with equipped front crash prevention, blind-spot detection, … Continue reading Crash-Avoidance Features Complicate Auto Repairs But Still Are Valued →
POSTED MARCH 08, 2023 4:39 PM |
Latest Research on Social Inflation in Commercial Auto Liability Reveals a $30bn Increase in Claims
Social inflation contributed to a $30 billion increase in commercial auto liability claims between 2012 and 2021, according to updated research published by the Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS). Most of the increase for the total review period is attributable to the newly added years 2020 and 2021 … Continue reading Latest Research on Social Inflation in Commercial Auto Liability Reveals a $30bn Increase in Claims →
POSTED MARCH 06, 2023 8:29 PM |
Louisiana Insurance Regulator IssuesCease & Desist Orderto Texas Law Firm
Louisiana Insurance Commissioner Jim Donelon last week issued a cease-and-desist order against a Houston-based law firm, accusing it of fraud involving potentially hundreds of hurricane-related claims in his state. “The size and scope of McClenny, Moseley & Associates’ illegal insurance scheme is like nothing I’ve seen before,” Donelon said in a press release. “It’s rare … Continue reading Louisiana Insurance Regulator IssuesCease & Desist Orderto Texas Law Firm →
POSTED FEBRUARY 21, 2023 3:49 PM |
Florida Insurance Crisis Reforms Gain Momentum With Latest Proposal
Florida Gov. Ron DeSantis’s proposed insurance fraud and legal system abuse reforms, announced this week for consideration during the legislative session that begins in March, would build on measures approved in the closing weeks of 2022 and go a long way toward fixing the state’s insurance crisis. Legislation passed during the 2022 special session eliminated … Continue reading Florida Insurance Crisis Reforms Gain Momentum With Latest Proposal →
POSTED FEBRUARY 16, 2023 3:14 PM |
Illinois Bill Highlights Need for Educationon Risk-Based Pricingof Insurance Coverage
Legislation being considered in Illinois underscores the need for legislators and other policymakers to become better educated about the importance of risk-based pricing and how it works. The Motor Vehicle Insurance Fairness Act would bar insurers from considering nondriving factors, such as credit scores, when setting premium rates. The prohibitions include factors that actuaries have demonstrated … Continue reading Illinois Bill Highlights Need for Educationon Risk-Based Pricingof Insurance Coverage →
POSTED FEBRUARY 14, 2023 9:22 PM |
How Inflation Affects P&C Rates & How It Doesn’t
Triple-I fields a lot of questions from consumers and the media as to exactly how inflation affects insurance premium rates. As we explain in a new Issues Brief, the relationship between inflation and rates is, in one sense, straightforward – and yet the outcomes are not necessarily what you might expect. As material and labor … Continue reading How Inflation Affects P&C Rates & How It Doesn’t →
POSTED FEBRUARY 09, 2023 4:21 PM |
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