"This forward-looking decision is the culmination of several years of strategic dialogue both internally at the Triple-I and with The Institutes," Sean Kevelighan, CEO of Triple-I, said in a statement.

The Insurance Information Institute's (Triple-I) board of directors approved plans to have the Triple-I enter into an affiliation with The Institutes, which The Institutes' board agreed to. The terms will be finalized later this month.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].