Our Promise

We are the Insurance Information Institute. Since 1960, we have been the trusted source of unique, data-driven insights on insurance to inform and empower consumers. We serve consumers, media and professionals seeking insurance information. Learn More
Flood: Beyond Risk Transfer

Half a billion people worldwide are affected by floods annually, and about 90 percent of all U.S. natural disasters involve flooding. The human and economic tolls are massive, and until recently insuring these risks and helping communities recover fell almost entirely on government programs.

white paper

New and Trending

Homeowners + Renters Insurance Preventing dog bites

Experts want dog owners to know that children are particularly at risk for dog bites and are more likely to be severely injured, so it’s essential for parents to teach their kids to be safe around strange dogs and their own pets. Pet adoptions and insurance  

article

Insight + Analysis

What are captives, and how do they work?

A captive insurance company is a type of risk-management arrangement that works like self-insurance. In this white paper, Triple-I non-resident scholar Dr. Patricia Born discusses the considerations for midsize companies considering group captives.

white paper

I.I.I. Glossary

SURPLUS LINES- Property/casualty insurance coverage that isn’t available from insurers licensed in the state, called admitted companies, and must be purchased from a non-admitted carrier. Examples include risks of an unusual nature that require greater flexibility in policy terms and conditions than exist in standard forms or where the highest rates allowed by state regulators are considered inadequate by admitted companies. Laws governing surplus lines vary by state.

JUNK BONDS- Corporate bonds with credit ratings of BB or less. They pay a higher yield than investment grade bonds because issuers have a higher perceived risk of default. Such bonds involve market risk that could force investors, including insurers, to sell the bonds when their value is low. Most states place limits on insurers’ investments in these bonds. In general, because property/casualty insurers can be called upon to provide huge sums of money immediately after a disaster, their investments must be liquid. Less than 2 percent are in real estate and a similarly small percentage are in junk bonds.

See Full Glossary

Thought Leadership

I.I.I. News Wire

U.S. Flood Risks Are Rising but Can Be Reduced, Triple-I Paper Finds

For immediate release New York Press Office: Loretta Worters, (917) 208-8842; lorettaw@iii.org     NEW YORK, April 29, 2021—Major flood events could grow over the next 30 years even as U.S. Read More

Triple-I to Focus on Economy’s Impact on Insurance Performance

For immediate release New York Press Office: Michael Barry, 917-923-8245, michaelb@iii.org   NEW YORK, April 28, 2021—To broaden its reputation as the go-to destination for the economic drivers impacting U.S. Read More

See More News Releases

Events Calendar

NCCI's Annual Issues Symposium (AIS) 2021
May
11
2021
Join NCCI for the Virtual Annual Issues Symposium: Stronger Together, May 11-12, 2021. The event is free and will bring together experts from the #workerscomp industry to discuss data-driven insights for a changing environment. Website
The Future of Risk Virtual 2021 Conference
May
18
2021
Join industry leaders and innovators at The Institutes' The Future of Risk, to learn how disruption, innovation, and technology are changing the way we work and the risks we insure. May 18 to 20, 2021. Website
See More Events