Market News
Cyber Claims Stabilized in 2022, but Cyber Crime Remains a Threat
While the digital economy has increased cyber risks and organizations' exposure to disruptive events such as ransomware, cyber claims stabilized in 2022, according to a report from cyber-insurance provider Coalition. The report stressed that while cyber risks stabilized after years of turmoil, cyber crime remains a persistent threat. Read More
Vermont Governor Signs Bill Updating State's Captive Statutes
Vermont Governor Phil Scott recently signed legislation making several updates to Vermont's captive insurance statutes, including improving the confidentiality of company information and increasing funding for the Vermont Captive Insurance Division's operations. Multiple updates were made with captive industry input. Read More
Primmer Law Firm's Captive Solution Aims To Help Protect Journalists
Primmer Law Firm's Captive Solution Aims To Help Protect Journalists Read More
Gallagher's Artex Risk Solutions Acquires Allied Risk Management
Arthur J. Gallagher & Co.'s captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, Inc., has acquired Dublin, Ireland-based Allied Risk Management. Allied Risk provides insurance and risk management services as well as actuarial services to clients around the world. Read More
Premium Increases Moderated Across Most Commercial Lines in Q1
Commercial insurance premiums increased for the 22nd consecutive quarter during this year's first quarter, though most lines saw price increases moderate, according to "The Council of Insurance Agents & Brokers' Quarterly P/C Market Survey." The first quarter survey showed an average premium increase of 8.8 percent across all account sizes. Read More