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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...
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Triple-I Town Hall, Nov. 30, in D.C., Targets Climate Risk
Property/casualty insurers have a powerful interest in mitigating climate-related risk and promoting investment in resilience. The industry is uniquely qualified to help address these perils, but...
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Triple-I Town Hall Amplified Callsto Attack Climate Risk
By Jeff Dunsavage, Senior Research Analyst, Triple-I I’m pleased and proud to have been part of Triple-I’s Town Hall — “Attacking the Risk Crisis” — in Washington, D.C. In an intimate setting at the...
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CSAA: When It Comesto Fighting Climate Risk, We’re All On the Same Side
By Max Dorfman, Research Writer, Triple-I CSAA Insurance Group – a AAA insurer – is spurring innovation in the insurance industry through several initiatives tackling the dangers of climate risk....
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Despite High-Profile Events, U.S. Wildfire Severity, FrequencyHave Been...
With record-breaking wildfires making headlines in recent years, it may be surprising to learn that U.S. wildfire frequency and severity for in 2023 are on track to be the lowest in the past two...
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Milwaukee District Eyes Expanding Nature-Based Flood-Mitigation Plan
The Milwaukee Metropolitan Sewerage District (MMSD) is mitigating flood risks using reforestation, wetlands restoration, and other nature-based solutions. MMSD has developed a roadmap for scaling up...
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Federal “Reinsurance” Proposal Raises Red Flags
By Sean Kevelighan, Triple-I CEO Legislation proposed by U.S. Rep. Adam Schiff (D-Calif.) to create a federal “catastrophe reinsurance program” raises several concerns that warrant scrutiny and...
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FEMA Highlights Roleof Modern Roofsin PreventingHurricane Damage
By Max Dorfman, Research Writer, Triple-I Homes with more modern roofs were able to avoid significant damage from Hurricane Ian, compared with those with older roofs, according to a recent study by...
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FEMA Reauthorization Session Highlights Importance of Risk Transfer and...
If there was a recurring theme in last week’s Senate Banking Committee hearing on reauthorization of FEMA’s National Flood Insurance Program (NFIP), it was the need for: Congress to reauthorize NFIP,...
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Insurers Engageas Climate Perils Drive Up Costs
By Max Dorfman, Research Writer, Triple-I 2023 was another year with high-risk climate and weather-related challenges, with 2024 positioned to pose its own challenges. Indeed, 2023 was the warmest...
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Calif. Risk/Regulatory Environment Highlights Role of Risk-Based Pricing
Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the state’s risk profile continues to evolve in ways that underscore the...
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NAIC, FIO to Collaborate on Data Collection Around Climate Risk
When the U.S. Treasury Department’s Federal Insurance Office (FIO) announced in December 2022 that it was considering a new data-reporting mandate for certain property/casualty insurers, it raised red...
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Evolving Risks Demand Integrated Approaches
Even as the Smokehouse Creek Fire – the largest wildfire ever to burn across Texas – was declared “nearly contained” this week, the Texas A&M Service warned that conditions are such that the...
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Auto Insurers Contend With Rising Costs
By Max Dorfman, Research Writer, Triple-I Auto premiums continue to increase as rising labor and material prices, alongside natural disasters, are forcing insurers to contend with significant losses....
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Coastal New Jersey Town Regains Class 3 NFIP Rating
Sea Isle City, N.J., has regained its Class 3 rating under FEMA’s National Flood Insurance Program (NFIP) Community Rating System (CRS) after a brief demotion last year. Being rated Class 3 enables...
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Lee County, Fla., Towns Could Lose NFIP Flood Insurance Discounts
Property owners in Lee County, Fla., could lose their flood insurance premium discounts under the National Flood Insurance Program (NFIP) Community Rating System (CRS), according to a recent...
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CSU Researchers Project “Extremely Active”2024 Hurricane Season
Colorado State University hurricane researchers predict an “extremely active” Atlantic hurricane season in their initial 2024 forecast. The team cites record-warm tropical and eastern subtropical...
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N.J. Quake a Wake-Up Call for Seismic Mitigation, Resilience Investment
Residents and police gather outside of homes in Newark, N.J., that were damaged by a 4.8 magnitude earthquake on April 5. (Photo by Spencer Platt/Getty Images) Last week’s earthquake in Lebanon, N.J....
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