Market News
Florida Legislative Session Ends without Passage of RRG Bill
Florida lawmakers have concluded their legislative session without giving final approval to a bill that the National Risk Retention Association said would have discriminated against risk retention groups (RRGs) writing commercial auto coverage in the state. Read More
Tennessee Reaches Licensing Milestone with 1,000th Risk-Bearing Entity
Tennessee has just licensed its 1,000th risk-bearing entity, which includes captive insurance companies, the Tennessee Department of Commerce and Insurance has announced. Tennessee has seen tremendous growth as a captive domicile. Tennessee's 2022 captive count was 150, up from 136 in 2018. Read More
May "CICR" Analyzes Significance of R.V.I. Case
Don't miss the May issue of "Captive Insurance Company Reports" ("CICR"), which takes a look at a major court ruling that addressed a challenge to the question of insurance, providing an answer to the question of insurance risk. Read More
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