Market News
Premium Increases Continued Across Most Commercial Lines in July
Nearly all commercial insurance lines experienced year-over-year increases in premium renewal rates in July, according to the "Ivans Index," a regular premium renewal rate index compiled by the Ivans insurance exchange service. Only workers compensation saw a year-over-year premium renewal rate decrease. Read More
Texas Budget Includes Appropriation for a Captive Insurance Specialist
The 2024–2025 biennium budget recently approved by the Texas Legislature and signed into law by Governor Greg Abbott includes an appropriation directing the Texas Department of Insurance (TDI) to retain a captive insurance specialist. The measure was the subject of a special lobbying initiative by the Texas Captive Insurance Association. Read More
Global Commercial Insurance Prices Increased 3 Percent in Q2
Global commercial insurance prices increased 3 percent in this year's second quarter, compared to a 4 percent increase during the first quarter, according to the Marsh Global Insurance Market Index. The second-quarter increase marked the 23rd consecutive quarter in which composite commercial insurance prices increased. Read More
Podcast Examines How Captives Weather Insurance Market Cycles
The latest IRMI Podcast on the International Risk Management Institute's (IRMI) and Captive.com's Captive Podcasts pages features Matthew Queen, owner of The Queen Firm, LLC, discussing how to use captive insurance to manage insurance market cycles. Mr. Queen is the author of Modern Captive Insurance. Read More
August "CICR" Looks at Proposed Micro-Captive Regulations
Don't miss the August issue of "Captive Insurance Company Reports" ("CICR"), which takes a look at proposed micro-captive regulations from the Internal Revenue Service (IRS), their significance if adopted, and the events that led to the proposals. Read More