Market News
Most Commercial Lines Continued To See Premium Rate Increases in April
All commercial insurance lines except workers compensation experienced year-over-year premium renewal rate increases in April, according to the IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Workers compensation again experienced a year-over-year premium renewal rate decrease, IVANS reported. Read More
Reinsurers Increasingly Feel Investor Pressures To Act on ESG Issues
Investor pressures are adding to momentum for reinsurers to incorporate environmental, social, and governance (ESG) factors into their business, according to A.M. Best. Primary insurers generally felt less investor pressure to act on ESG issues, but such pressures are expected to have an impact on the entire insurance value chain. Read More
May CICR Analyzes Recent Micro-Captive Ruling
Don't miss the May issue of Captive Insurance Company Reports (CICR), which offers details of the US Tax Court's recent decision in Caylor Land & Dev., Inc. v. Comm'r, a micro-captive case. Read More
RRGs—A Last Look
A look at risk retention group (RRG) growth over the years suggests that RRGs remain a very niche-specific part of the overall captive insurance industry. There had been some supposition that the pandemic would create renewed interest in RRGs, but the year-end 2020 numbers don't support this hypothesis. Read More
Washington Governor Signs Law Applying Fees and Taxes to Captives
Legislation signed into law on May 12, 2021, by Washington State Governor Jay Inslee sets new requirements for captive insurance companies licensed in other domiciles but doing business in Washington State. Captive insurance companies licensed elsewhere and operating in Washington will be required to pay registration fees and premium taxes. Read More