Market News
Commercial Insurance Renewal Rate Experience Varied by Line in April
Most commercial insurance lines saw year-over-year premium renewal rate increases in April, though umbrella and workers compensation saw premium renewal rates decrease during the month, according to the Ivans Index. Read More
North Carolina Captive Group Forms Political Action Committee
The North Carolina Captive Insurance Association (NCCIA) has named Leon Rives, Jeremy Colombik, and Alex Webb as the initial board of directors of NC Captive PAC, the association’s new political action committee. The PAC is intended to allow the NCCIA to participate more efficiently in the political process. Read More
Atlas Insurance Management Videos Provide Essential Captive Insights
In a series of videos, Atlas Insurance Management provides important insights into a variety of key captive insurance topics. The videos cover such topics as the Cayman domicile, how insurance companies set premium, the definition of "insurance company," and how single-parent captives can benefit from risk pooling. Read More
Commercial Insurance Price Increases Held Steady at 4 Percent in Q1
Global commercial insurance prices increased 4 percent in the first quarter of 2023, the same percentage as in the fourth quarter of 2022, according to the Marsh "Global Insurance Market Index." This year's first quarter was the 22nd consecutive quarter in which composite commercial insurance prices increased. Read More
2022 Saw Political Risk Transform into a More Widespread Peril
The Russia-Ukraine War has transformed political risk from a low-frequency/high-severity risk into a more widespread peril, a new survey has found. According to the "2023 Political Risk Survey Report" from Willis Towers Watson, 92 percent of all responding companies experienced a political risk loss in 2022. Read More