Significant Tort Reform Advances in Louisiana
.Louisiana’s Senate passed five tort reform bills last week to curb legal system abuse driven by billboard attorneys in the Pelican State. The legislative success represents the culmination of sustained…
P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects
By William Nibbelin, Senior Research Actuary, Triple-I The U.S. P&C insurance industry’s financial outcomes for 2024 revealed a net combined ratio (NCR) of 96.6, demonstrating a substantial 5.1-point enhancement compared…
Florida Senate RejectsLegal-Reform Challenge
By Lewis Nibbelin, Contributing Writer, Triple-I The Florida House’s attempt to curtail recent legal system reforms met firm resistance from the state Senate this week, preserving the 2022 and 2023…
Why your EV insurance premium is costlier and features you must have in EV motor insurance policy
Electric vehicle insurance premiums are notably higher than those for traditional cars due to EVs' higher purchase prices and costly battery replacements. Specialized parts, the need for trained technicians, and…
Tariff Uncertainty May Strain Insurance Markets, Challenge Affordability
Chief Economist and Data Scientist, Dr. Michel Léonard Recent tariffs issued by U.S. President Donald Trump are on track to increase the price of parts and materials used in repairing…
Higher motor insurance premium this year if more than 2 traffic challans levied last year? Here’s what experts say
Proposed rules linking traffic violations to higher insurance premiums are under consideration at present. Stricter rules for traffic violations are also being proposed. Experts anticipate that premium pricing might involve…
Despite Progress, California Insurance Market Faces Headwinds
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 impede progress, according to…
Even With Recent Rises, Auto Insurance Is More Affordable Than During Most of Century to Date
You read that right. As a percentage of median household income, personal auto insurance premiums nationally were more affordable in 2022 (the most recent data available) than they have been…
What influences your motor insurance premium—and tips to save it
Motor insurance premiums involve various factors like payment modes, claim history, and policy purchase method. Choosing strategic options such as spreading payments, leveraging No-Claim Bonuses, opting for Pay As You…
How Tariffs AffectP&C Insurance Prospects
Tariffs and threats of tariffs have been roiling financial markets since January. Property and casualty insurers are no less concerned, as the cost of repairing and replacing damaged property is…