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  • Ransomware Attacks for 2019 Outpacing the Number of Incidents in 2018 In its latest "Cyber InFocus Report," titled "Adapting to the New Realities of Cyber Risks," Chubb provided insight into the recent growth of ransomware attacks across industries and underscored best practices companies should take to combat the associated risks.
  • WCRI Studies Look at Workers Compensation Medical Costs in 18 States A new set of Workers Compensation Research Institute (WCRI) studies examine trends in payments, prices, and utilization of medical care for workers injured on the job in 18 states. The studies analyze recent costs and trends, reporting how medical payments per claim and cost components vary over time and from state to state.
  • UVM Health Network Captive Redomiciles from Bermuda to Vermont Another major organization, the University of Vermont (UVM) Health Network in Burlington, has redomiciled its medical malpractice captive insurer, VMC Indemnity Company, Ltd., from Bermuda to Vermont. The relocation of the captive, which was first licensed in Bermuda in 1993, was applauded by Vermont Governor Phil Scott.
  • NAIC and APCIA Urge Congress To Reauthorize TRIP On behalf of the National Association of Insurance Commissioners (NAIC), Chlora Lindley-Myers, director of the Missouri Department of Commerce and Insurance, testified on October 16, 2019, before Congress at a hearing titled "Protecting America: The Reauthorization of the Terrorism Risk Insurance Program (TRIP)."
  • Crumbling Foundations Captive Finalizes Participation for 61 Homeowners The so-called crumbling foundations captive said it recently finalized program participation agreements for 61 homeowners previously awaiting funds (since June 19) from the captive that would allow them to begin scheduling contractors to work on their homes.
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  Cyber Burglar

Ransomware Attacks for 2019 Outpacing the Number of Incidents in 2018

In its latest "Cyber InFocus Report," titled "Adapting to the New Realities of Cyber Risks," Chubb provided insight into the recent growth of ransomware attacks across industries and underscored best practices companies should take to combat the associated risks.
October 18, 2019 Read More
  Workers Comp 480x377

WCRI Studies Look at Workers Compensation Medical Costs in 18 States

A new set of Workers Compensation Research Institute (WCRI) studies examine trends in payments, prices, and utilization of medical care for workers injured on the job in 18 states. The studies analyze recent costs and trends, reporting how medical payments per claim and cost components vary over time and from state to state.
October 18, 2019 Read More
  Vermont Flag 480x377

UVM Health Network Captive Redomiciles from Bermuda to Vermont

Another major organization, the University of Vermont (UVM) Health Network in Burlington, has redomiciled its medical malpractice captive insurer, VMC Indemnity Company, Ltd., from Bermuda to Vermont. The relocation of the captive, which was first licensed in Bermuda in 1993, was applauded by Vermont Governor Phil Scott.
October 17, 2019 Read More
  Terrorism Question Marks 480x377

NAIC and APCIA Urge Congress To Reauthorize TRIP

On behalf of the National Association of Insurance Commissioners (NAIC), Chlora Lindley-Myers, director of the Missouri Department of Commerce and Insurance, testified on October 16, 2019, before Congress at a hearing titled "Protecting America: The Reauthorization of the Terrorism Risk Insurance Program (TRIP)."
October 17, 2019 Read More
  Whats Your Story-SF

What Is Your Captive's Story?

With a very low unemployment rate, the need to compete for talent is imperative for captive insurers. We look at how a compelling story can help this effort and the five keys to success with specific emphasis on how captives should think about this process.
October 16, 2019 Read More
  Foundation Repair-SF

Crumbling Foundations Captive Finalizes Participation for 61 Homeowners

The so-called crumbling foundations captive said it recently finalized program participation agreements for 61 homeowners previously awaiting funds (since June 19) from the captive that would allow them to begin scheduling contractors to work on their homes.
October 16, 2019 Read More
  Man Briefcase Door City

Texas Captive Regulators Maintain an Open Door Policy

There are currently 43 captive insurance companies licensed in Texas, and the domicile expects to have at least 44 captives in the state by the end of 2019. Texas regulators say the department successfully manages the volume of captive formation inquiries and maintains an open door policy.
October 15, 2019 Read More
  Mergers and Acquisitions

Bingham Greenebaum Doll and Dentons Combine

Bingham Greenebaum Doll will combine with Dentons, the world's largest law firm.
October 15, 2019 Read More
  7 Dice Green-SF

7 Ways Captive Insurance Companies Provide a Competitive Edge

Based on their balance sheet strength, operating performance, and business profiles, captive insurance companies have consistently outperformed commercial market insurers. Captives can play a positive role and are able to provide a competitive edge to the organizations using them. Find out how.
October 14, 2019 Read More
  Financial Increase-SF

D&O Liability Market Pricing Increases as Tort Environment Shifts

Underwriting conditions in the United States for directors and officers (D&O) liability have improved significantly in 2019. Several years of weaker performance driven by flat premium growth and less favorable claims trends in a shifting tort environment have spurred movement by insurers to restore profitability in this challenging line.
October 14, 2019 Read More
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