Market News
Survey Finds Commercial Insurance Price Increases Accelerated in Q1
US commercial insurance prices continued to increase during the first quarter of this year, rising 5.6 percent, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey. The first quarter’s commercial insurance price increase was up from the 4.8 percent increase during the fourth quarter of 2022. Read More
US Cyber-Insurance Market Saw Dramatic Premium Growth in 2022
The US cyber-insurance market saw direct premiums increase by 50 percent in 2022 to $7.2 billion, while improved loss ratios demonstrated insurers' increased underwriting discipline, according to a report from A.M. Best. Cyber market growth has outpaced that of the broader commercial lines insurance market by a wide margin. Read More
June "CICR" Analyzes Significance of Dobbs Case
Don't miss the June issue of "Captive Insurance Company Reports" ("CICR"), which takes a look at the US Supreme Court's recent ruling in Dobbs v. Jackson Women's Health Org., 142 S. Ct. 2228 (2022), and associated litigation. Read More
Creating Profitability through Group Captive Insurance
It should come as little surprise that the group captive insurance market is burgeoning amid a volatile economy. This is also a result of continued inflation and the hardening insurance market. As insurers pull back to prepare for a possible recession, organizations with good loss experience are seeking alternatives. Read More
Connecticut Lawmakers Approve Measure Updating State's Captive Statute
Connecticut lawmakers have given final approval to legislation to update the state's captive insurance statute. Among other things, the measure would exempt dormant captives from paying the state's minimum premium tax and would allow captives to use parametric products and contracts. Read More