Market News
April "CICR" Examines Captives' Tree Connection
Don't miss the April issue of "Captive Insurance Company Reports" ("CICR"), which examines the GreenTrees project, a program that's employing captive insurance as part of its effort to conserve and restore forests to help reduce the level of carbon in the atmosphere. Read More
The Captive Solution to Climate Risks
As organizations find themselves increasingly affected by extreme weather, captive insurance can help them address the new risks confronting them. Using captives as a strategy for addressing risks having historically proven either uninsurable or difficult to quantify can play a vital role in protecting an organization's well-being. Read More
North Carolina Bill Would Extend Redomestication Premium Tax Exemption
Legislation recently introduced in North Carolina would extend a now expired 2-year exemption from state premium taxes for captive insurance companies that redomesticate to North Carolina. Under the measure, SB 319, captives that redomesticate to the state would be exempt from premium taxes until January 1, 2025. Read More
US Property-Casualty Underwriting Loss Grew Significantly in 2022
US property-casualty insurers' key financial results worsened significantly in 2022 from a year earlier, according to data analytics provider Verisk and the American Property Casualty Insurance Association. The US property-casualty industry experienced a $26.9 billion net underwriting loss in 2022, up from a $3.8 billion loss in 2021. Read More
Lloyd's Selects 13 InsurTech Firms for 10th Lloyd's Lab Cohort
Lloyd's of London has announced the 13 InsurTech firms that will form the 10th cohort of its innovation hub, the Lloyd's Lab. The 13 firms were chosen following a competitive pitch process in which they presented innovative insurance solutions to the market. Read More