Amica joins Insurance Information Institute amid rising climate risks

Banking & Financial Services
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Sean Kevelighan, President and Chief Executive Officer and Michael Barry, Chief Communications Officer of III. | https://www.iii.org/about-us/the-team

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Amica Mutual Insurance Company Joins Triple-I as Its Latest Member

NEW YORK, Aug. 20, 2024 – Amica Mutual Insurance Company has joined the Insurance Information Institute (Triple-I) as its most recent member. Headquartered in Lincoln, Rhode Island, Amica is a nationally recognized company that offers auto, home, and life insurance. It earned the top spot in the J.D. Power 2024 U.S. Property Claims Satisfaction Study earlier this year.

“As natural catastrophic events like convective storms and wildfires become increasingly frequent and severe, insurers need to find better ways to predict and prevent the growing threat of climate risk accurately,” said Sean Kevelighan, CEO of Triple-I. “Amica is finding meaningful ways to mitigate against these risks, and the Triple-I is honored to have the support of such an important organization. As a Triple-I member, Amica can draw on a distinguished team of economists, actuaries, researchers and communications experts for impartial, fact-based information, analysis and guidance.”

Triple-I members receive members-only industry economic and underwriting forecast reports on a quarterly basis and may reproduce Triple-I members-only editorial content for redistribution to management, employees, agents, and policyholders. They also are given a discounted registration fee for the annual Joint Industry Forum scheduled for Nov. 19-20, 2024 in Miami, Florida.

“Insurers have a responsibility to enhance their predictive capabilities and proactively partner with their customers to manage risk,” said Ted Murphy, Amica's chief operations officer. “Aligning with Triple-I is an ideal way for our teams to keep up with industry trends and leverage quality resources to educate consumers about how to mitigate risk and prevent damage.”

About Insurance Information Institute (Triple-I)

With more than 50 insurance company members — including regional, super-regional, national and global carriers — the Insurance Information Institute (Triple-I) is the #1 online source for insurance information in the U.S. The organization’s website, blog and social media channels offer data-driven research studies, white papers, videos, articles, infographics and other resources solely dedicated to explaining insurance and enhancing knowledge.

Unlike other sources, Triple-I’s sole focus is creating and disseminating information to empower consumers. It neither lobbies nor sells insurance. Triple-I offers objective fact-based information about insurance – information that is rooted in economic and actuarial soundness. Triple-I is affiliated with The Institutes Risk and Insurance Knowledge Group.

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