The Insurance Information Institute (Triple-I) released its 2024 Annual Report, Now More Than Ever, detailing efforts to inform and support the property/casualty insurance industry amid legal, environmental, and technological shifts.
“Communication is at the heart of what we do,” said Sean Kevelighan, CEO of Triple-I, in his letter accompanying the report. “Over the past year, we have elevated our impact and reach, reinforcing our position as the most trusted and quoted source in the property/casualty insurance industry.”
Triple-I reported more than 22,000 earned media mentions in 2024, with thought leadership addressing natural disasters, market recovery, litigation funding, and emerging risks like cybersecurity and generative AI.
Kevelighan emphasized Triple-I’s efforts to inform consumers, business leaders, and lawmakers on legal system abuse and its impact on insurance costs. “Our research and communication efforts have brought critical attention to this issue, ensuring policymakers and industry leaders have the information they need to address rising litigation costs and their effects on insurance markets,” he said.
The report also highlighted Triple-I’s rapid response coverage of major events in 2024, including hurricanes Helene and Milton, the Baltimore bridge collapse, and challenges in the California and Florida insurance markets.
“Now is an ideal time to reflect on the challenges and opportunities of the past while our commitment to advancing knowledge and fostering resilience in our industry,” said Matt McHatten, president and CEO of MMG Insurance and chair of Triple-I’s executive leadership committee (ELC). He noted the ELC is focused on priority issues including claims cost management, climate risk, innovation and AI, and threats to insurance affordability and availability.
Triple-I also expanded member services, including exclusive access to quarterly economic briefings, underwriting projections, tailored cost estimates, and confidential analytics. It launched the All Eyes on Economics podcast and continued its Chart of the Week series to help members anticipate trends.
Founded in 1960, Triple-I is affiliated with The Institutes and represents members accounting for nearly 50% of all U.S. property/casualty premiums.
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