Market News

Study Finds Inflation Has Major Impact on Auto Liability Loss Costs

October 17, 2023

Social and economic inflation drove US personal and commercial auto liability claims payouts $96 billion to $105 billion higher between 2013 and 2022, according to a new study from the Insurance Information Institute (Triple-I). The Triple-I study found that commercial insurers saw losses grow faster than the overall economy. Read More

Premium Increases Continued Across Most Commercial Lines in Q3

October 13, 2023

While year-over-year average premium renewal rate changes varied among commercial insurance lines in this year's third quarter, all rates were up month-over-month in September, according to the "IVANS Index," a regular premium renewal rate index compiled by the Ivans insurance exchange service. Read More

Best Says US Property-Casualty First-Half Downgrades Outpace Upgrades

October 13, 2023

The US property-casualty insurance industry experienced an increase in credit rating downgrades during the first half of 2023, reflecting a difficult period for the personal lines segment, according to A.M. Best. The rating agency reported that the number of property-casualty downgrades outpaced upgrades during this year's first 6 months. Read More

As Cyber-Insurance Market Stabilizes, Captives' Relevance Persists

October 12, 2023

While the commercial cyber-insurance market is stabilizing and perhaps even softening, there's still a place for captive insurance in organizations' cyber-insurance programs, a new white paper from Milliman contends. Employing captives in cyber-insurance programs offers several potential advantages, according to the Milliman white paper. Read More

Studies Show Group Captives Typically Aid Members' Risk Control Efforts

October 11, 2023

Macro- and micro-level studies of group captives indicate that member-companies improve workplace safety and risk control after joining. By strenghtening their risk control efforts, group captive members can also ultimately realize savings in the form of reduced premiums. Read More