Reinsurance News
Triple-I
US P&C insurance industry faces weaker growth in 2026 despite improved underwriting results
18th May 2026
The US property and casualty (P&C) insurance industry is projected to see underlying growth fall to -3.7% in the first half of 2026, down from 1.6% in 2025, as insurers continue to contend with catastrophe exposure, inflationary pressures and rising claims costs, according to new forecasts from the Insurance Information ... Read the full article
Triple-I urges caution amid ‘somewhat below average’ Atlantic hurricane season forecast
10th April 2026
While a “somewhat below average” hurricane season is forecasted for 2026 in the Atlantic Basin, the Insurance Information Institute (Triple-I) is advising insurers to remain cautious, as it only takes one major storm to shatter loss expectations in a high-inflation environment. 13 named storms, six hurricanes and two major hurricanes are ... Read the full article
Flood risk intensifies as insurance protection lags across the US: Triple-I
18th February 2026
The Insurance Information Institute (Triple-I), a US-based trade association representing the insurance industry and providing research and data on risk trends, reports that 2025 saw a rapid succession of deadly floods across the country, underscoring the increasing threat of inland and flash flooding and the continuing importance of adequate flood ... Read the full article
US P&C industry set for lowest net combined ratio in over a decade: Triple-I/Milliman
23rd January 2026
The US property & casualty (P&C) insurance industry is forecast to have its lowest net combined ratio (NCR) in over a decade for the full year 2025, despite the devastating California wildfires in Q1’25, supported by an Atlantic hurricane season that did not make landfall in the US. The findings are ... Read the full article
Triple-I reports early signs of stabilisation in US homeowners insurance market
29th December 2025
According to the Insurance Information Institute (Triple-I), a US-based insurance industry research and education organisation, rising premiums and tighter coverage options continue to challenge household budgets across the country. At the same time, Triple-I reports that the homeowners insurance market is beginning to show early signs of stabilisation, even as affordability ... Read the full article
Legal System abuse drives decade-long surge in liability insurance losses: Triple-I
3rd November 2025
A new study by the Insurance Information Institute (Triple-I), an organisation providing data and analysis on insurance issues, and the Casualty Actuarial Society (CAS), a professional group for actuaries specialising in property and casualty insurance, finds that legal system abuse (LSA) and related litigation trends have significantly impacted liability insurance. The ... Read the full article
Triple-I calls for mitigation measures amid misconceptions about risk-based insurance pricing
24th October 2025
The Insurance Information Institute’s (Triple-I) recent Issues Brief highlighted misconceptions of risk-based pricing in property/casualty insurance, which some perceive as unfair, and recommended solutions, including modernising building codes and proactive mitigation measures. Risk-based pricing means offering different prices for the same level of coverage based on risk factors specific to the ... Read the full article
Triple-I appoints Patrick Schmid as Chief Insurance Officer
3rd July 2025
The Insurance Information Institute (Triple-I) has announced the appointment of Patrick Schmid as Chief Insurance Officer, effective July 11, 2025. Schmid will also lead the organisation’s Catastrophe Resiliency Council and the Insurance Research Council, reporting to Sean Kevelighan, CEO of Triple-I. Additionally, he will continue in his role as president of The ... Read the full article
US lightning-related insurance claims down 16.5% in 2024: Triple-I
20th June 2025
U.S. insurers paid $1.04 billion in lightning-related homeowners insurance claims in 2024, marking a 16.5% decrease from the $1.24 billion paid in 2023, according to the Insurance Information Institute (Triple-I). The total number of lightning-caused claims fell to 55,537 in 2024, down 21.5% from 70,787 in 2023, marking the lowest level ... Read the full article
Legal advertising & third-party litigation funding fuel rise in insurance costs: Triple-I
2nd June 2025
A new brief by the Insurance Information Institute (Triple-I) suggests that a sharp rise in attorney advertising, mass torts and third-party litigation funding (TPLF) in the United States is linked to the rising insurance costs. According to research from the American Tort Reform Association (ATRA), legal service providers spent more than ... Read the full article
Wildfire risk intensifies across the US, urging greater resilience and collaboration, warns Triple-I
20th May 2025
The Insurance Information Institute (Triple-I) has released its latest wildfire Issues Brief, revealing a significant rise in wildfire risk across all regions of the United States. Data from the National Interagency Coordination Center (NICC) shows that both the number of wildfires and the acres burned in 2024 exceeded the five- and ... Read the full article
Personal cyber insurance protection gap growing: Triple-I and HSB
28th March 2025
Despite a large number of consumers being routinely victims of cybercrime, most of them do not have personal cyber insurance, according to a recent report by the Insurance Information Institute (Triple-I) and HSB. The Addressing the Personal Cyber Protection Gap report captures the results of their recent survey of insurance agents ... Read the full article
US commercial property insurance shows signs of growth amid challenges: Triple-I
20th December 2024
The US commercial property insurance market is showing signs of improvement, with stable growth expected despite challenges such as climate change and inflation, according to the Insurance Information Institute (Triple-I). Triple-I highlighted that double-digit rate increases have been common in recent years, particularly for properties in high-risk areas or those with ... Read the full article
MMG’s McHatten elected chair of Triple-I’s Executive Leadership Committee
16th December 2024
The Insurance Information Institute (Triple-I) has elected Matt McHatten, current president and chief executive officer at MMG Insurance, as chair of its Executive Leadership Committee (ELC). McHatten is succeeding Jennifer Kyung, CEO and founder of NextGen Underwriting and former P&C chief underwriting officer at USAA. Sean Kevelighan, Triple-I CEO, said: “As Triple-I ... Read the full article
Cyber threats, climate change, and BI lead insurance concerns: Munich Re & Triple-I
21st November 2024
Cyber threats, climate change, and business interruption (BI) are the top risk concerns among key marketplace segments in the insurance industry, according to a new survey by Munich Re America and Triple-I. The RiskScan 2024 survey highlights key risk concerns across five categories: insurance risks, market dynamics, natural disasters, emerging technologies, ... Read the full article
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