Market News
New APCIA Paper Outlines Cyber and Data Security Best Practices
The American Property Casualty Insurance Association (APCIA) and its Cyber Insurance Subcommittee have developed a paper outlining cyber-security and data-security best practices for businesses. Among the cyber-security best practices highlighted in the paper, "Cybersecurity and Data Security Best Practices," are steps such as multi-factor authentication. Read More
After 3 Years, Some Commercial Lines See Rate Increases Slowing
After 3 years of significant rate increases, the commercial insurance market is moving toward rate adequacy, with rate increases decreasing slightly, a new report suggests. The trend in every coverage line isn't equal, however, according to the "Gallagher 2022 Spring/Summer Insurance Market Report" from Arthur J. Gallagher & Co. Read More
Rating Agency Sees Cyber-Insurance Market Remaining Hard Long-Term
Increasingly complex cyber attacks, the rise of remote working, and the growth of cryptocurrencies are among the factors likely to result in a hard cyber-insurance market for some time to come, according to A.M. Best. Read More
7 Traits of Successful Group Captive Members
Group captives can provide a valuable option for small and midsized companies looking for alternatives to the hard commercial insurance market. Successful members of group captives share a number of common characteristics, outlined in this article. Read More
North Carolina Governor Signs Redomestication Incentive Measure
North Carolina Governor Roy Cooper has signed into law recently passed legislation, SB 347, that will give captive insurance companies licensed in other domiciles a new incentive to redomesticate to North Carolina. Earlier, the measure received strong support from the state's insurance regulators. Read More