Market News
Inflation, Catastrophes Drive 2022 Property-Casualty Underwriting Loss
Inflation and catastrophe losses combined to contribute to a 2022 underwriting loss for the property-casualty insurance industry, according to a report from the Insurance Information Institute (Triple-I) and Milliman. The quarterly report said that property-casualty insurers posted a 102.4 percent combined ratio in 2022. Read More
Number of RRGs Posting Underwriting Gains Increased in 2022
The number of risk retention groups (RRGs) reporting underwriting gains in 2022 grew significantly compared to 2021, according to a newly released analysis by Demotech Inc. Last year, 131 RRGs reported an underwriting gain, up from 121 in 2021, while 113 reported underwriting losses, down from 120 in 2021. Read More
Cyber Claims Stabilized in 2022, but Cyber Crime Remains a Threat
While the digital economy has increased cyber risks and organizations' exposure to disruptive events such as ransomware, cyber claims stabilized in 2022, according to a report from cyber-insurance provider Coalition. The report stressed that while cyber risks stabilized after years of turmoil, cyber crime remains a persistent threat. Read More
Vermont Governor Signs Bill Updating State's Captive Statutes
Vermont Governor Phil Scott recently signed legislation making several updates to Vermont's captive insurance statutes, including improving the confidentiality of company information and increasing funding for the Vermont Captive Insurance Division's operations. Multiple updates were made with captive industry input. Read More
Primmer Law Firm's Captive Solution Aims To Help Protect Journalists
Primmer Law Firm's Captive Solution Aims To Help Protect Journalists Read More