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US P/C industry 2023 underwriting performance improved, but personal lines continue to drag

The U.S. P/C industry posted its second consecutive year of underwriting losses, driven primarily by personal lines, according to the latest industry underwriting projections by actuaries at the Triple-I/Milliman. See also: Triple-I Blog

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Triple-I stresses preparedness for ‘very active’ 2024 Atlantic hurricane season
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Disasters + Preparedness Insurance for wildfires

If you live in a wildfire-prone area, it's important to review your insurance coverage and to know how to protect your home and yourself financially. Triple-I offers guidance on how to prepare. See also, Videos: Wildfire reality check: Tips for protecting your home  and Wildfire Safety Month 2024; Facts + Statistics: Wildfires.

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Disasters + Preparedness Recovering from a tornado
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Homeowners + Renters Insurance What should new homebuyers know about homeowners insurance?
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Life Insurance Tips for finding a lost life insurance policy
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Crime + Fraud How legal system abuse drives social inflation
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HBCU IMPACT: Bridging the insurance talent gap

To amplify the Triple-I commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT®, whose mission is to increase the number of Black professionals in the insurance, risk management, financial services, and legal industries. View videos: HBCU Impact.

Podcast: All Eyes on Economics
Legal reforms boost Florida insurance market; Premium relief will require more time
About the Industry Triple-I Issues Briefs: State of the risk; Trends and Insights
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I.I.I. Glossary

IDENTITY THEFT INSURANCE- Coverage for expenses incurred as the result of an identity theft. Can include costs for notarizing fraud affidavits and certified mail, lost income from time taken off from work to meet with law-enforcement personnel or credit agencies, fees for reapplying for loans and attorney's fees to defend against lawsuits and remove criminal or civil judgments.

HOUSE YEAR- Equal to 365 days of insured coverage for a single dwelling. It is the standard measurement for homeowners insurance.

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US P/C Industry 2023 Underwriting Performance Improved, but Personal Lines Continue to Drag, New Triple-I/Milliman Report Shows

For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman.com   NEW YORK, MAY 14, 2024 – The U.S. Read More

Triple-I: Current Slowdown in US P/C Replacement Costs Likely Short-Lived; May Grow Faster Than Overall Inflation by 2026

For immediate release  New York Press Office, Loretta Worters 917-923-8245, lorettaw@iii.org      NEW YORK, May 9, 2024 –  U.S. Read More

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Events Calendar

IASA 2024 Xchange & OnPOINT
June
02
2024
Join IASA 2024 Xchange & OnPOINT for their annual conference and tradeshow for professionals in the insurance-accounting, finance, and IT industry. It will be held June 2–5, 2024 in Pittsburgh, PA. Checkout event website.
2024 CAS Seminar of Reinsurance
June
03
2024
Join 2024 CAS Seminar of Reinsurance which is being held June 3 in Boston, MA. Checkout event website.
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