JIF 2024: What Resilience Success Looks Like
By Lewis Nibbelin, Contributing Writer, Triple-I The efficacy of collaboration and investment by “co-beneficiaries” in resilience initiatives was a dominant theme throughout Triple-I’s 2024 Joint Industry Forum – particularly in the final panel, which celebrated leaders behind recent real-world impacts of such investments. Moderated by Dan Kaniewski, Marsh McLennan (MMC) managing director for public sector, the panelists discussed how their multi-industry backgrounds inform their innovative mindsets, as well as their knowledge on the profound ripple effects of targeted resilience planning. The panel included: Jonathan Gonzalez, co-founder and CEO of Raincoat; Bob Marshall, co-founder and CEO of Whisker Labs; Dawn Miller, chief commercial officer of Lloyd’s and CEO of Lloyd’s Americas; and…
JIF 2024: What’s In a Name? When It Comes to Legal System Abuse, A Lot
By Lewis Nibbelin, Contributing Writer, Triple-I From “social inflation” to “tort reform” to, simply, “fraud,” settling upon uniform terminology to describe litigation trends that drive up costs – including insurance premiums – for all Americans is a primary challenge to addressing them, according to participants at Triple-I’s 2024 Joint Industry Forum. “As we’re trying to raise awareness of this problem with consumers, ‘social inflation’ doesn’t work,” said discussion moderator and Triple-I’s Chief Insurance Officer Dale Porfilio. Though Triple-I previously favored “social inflation,” consumer testing was done that suggested a better name was needed. “That’s when we landed on ‘legal system abuse.’” “The name absolutely matters,” said Viji Rangaswami, senior vice president…
