Market News
US Insurance Prices Increased Significantly during Fourth Quarter
US commercial insurance prices once again experienced significant growth in the fourth quarter of 2020, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported by insurers was more than 10 percent, the highest increase in the history of CLIPS. Read More
March CICR Spotlights CICA's "Amplify Women"
Don't miss the March issue of Captive Insurance Company Reports (CICR), which spotlights the Captive Insurance Companies Association (CICA) "Amplify Women" initiative. Read More
RAA Offers Guidelines for Climate Change-Related Insurance Regulation
The Reinsurance Association of America (RAA) is urging policy makers to adopt guiding principles as they seek to address climate change and its interrelationship with insurance and regulation. An RAA statement set out several principles that the association said should guide climate change-related insurance regulation. Read More
Property-Casualty Insurers Can Expect Repeat of Factors that Shaped 2020 Results
Many of the factors that US property and casualty insurers were forced to deal with in 2020 will likely continue to have an impact on their financial performance in 2021, according to A.M. Best. Last year's results reflect a still firm commercial lines pricing environment and higher-than-average catastrophe activity. Read More
Tennessee Captive Wakefield Insurance Earns A- Rating from A.M. Best
Wakefield Insurance Co., a captive insurance company that was licensed last year in Tennessee, has received a high rating, A-, from A.M. Best. Wakefield offers property and liability insurance coverage to senior and affordable multifamily housing facilities with common management and interest. Read More