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Legislative reforms targeting legal system abuse and claim fraud in Florida have continued to help stabilize the Sunshine State’s property/casualty insurance market, contributing to premium reductions for thousands of homeowners and drivers as claim-related litigation in the state plummets. See also: Press Release.
March marks the start of tornado season and severe storms can develop quickly with little warning. The Triple-I offers these tips that can help minimize your risk and keep you and your family safe. See also: Article: Tornado facts and safety; Tornadoes and Insurance and Video: Tornado Safety.
The Triple-I highlights the wide range of career opportunities in the insurance industry and underscores its essential role in risk management. Resources for job seekers and students include The Institutes’ InsureMyPath, the Black Insurance Industry Collective and the CPCU Society Career Center.
529 SAVINGS PLANS- State-administered plans designed to encourage households to save for college education. Named after a part of the Internal Revenue tax code, these saving plans allow earnings to accumulate free of federal income tax and sometimes to be withdrawn to pay for college costs taxfree. There are two types of plans: savings and prepaid tuition. Plan assets are managed either by the state’s treasurer or an outside investment company. Most offer a range of investment options.
COINSURANCE- In property insurance, requires the policyholder to carry insurance equal to a specified percentage of the value of property to receive full payment on a loss. For health insurance, it is a percentage of each claim above the deductible paid by the policyholder. For a 20 percent health insurance coinsurance clause, the policyholder pays for the deductible plus 20 percent of his covered losses. After paying 80 percent of losses up to a specified ceiling, the insurer starts paying 100 percent of losses.
See Full GlossaryMALVERN, Pa., April 2, 2026 — The Insurance Information Institute (Triple-I), in partnership with Fenix24, today published Cybersecurity for Insurers: Squaring Safety with Service, a report examining how insurance companies are managing their own cybersecurity risks and where critical vulnerabilitie… Read More
FOR IMMEDIATE RELEASE media@iii.org MALVERN, Pa., April 1, 2026 — Legislative reforms targeting legal system abuse and claim fraud in Florida have continued to help stabilize the Sunshine State’s property/casualty insurance market, contributing to rate-filing reductions by dozens of property… Read More
