Market News
Insurance, Business Leaders Address Federal Pandemic Backstop Issue
Insurance industry representatives joined business stakeholders last week in addressing the need for a federal solution to addressing pandemic risks during a roundtable discussion hosted by the sponsor of federal pandemic risk backstop legislation. Rep. Carolyn B. Maloney (D-NY) sponsored HR 7011, the Pandemic Risk Insurance Act. Read More
The Pandemic's Impact on Captives' Short-Range Planning
Numerous reports and articles have examined the pandemic's impact on short-range planning. Here's a look at how those impacts might apply to captives with a recognition that 2021 promises to have the ability to upend the best-crafted business plans. Read More
Captives Advised To Remain Composed in Post-Pandemic Investment Market
The COVID-19 pandemic has had a major impact on insurers' investment activities, an impact that applies to captive insurance companies as well. In this environment, captives are advised to remain composed, not make rash investment decisions, understand lessons the event has provided, and stay close to their core strategies. Read More
Most Commercial Lines Experienced Premium Increases in August
All commercial insurance lines except workers compensation experienced increases in year-over-year average premium renewal rates in August, according to the August IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service. Workers compensation saw a negative change in premium renewal rate year-over-year. Read More
Medical Stop Loss Captives Continue To Offer Benefits through Pandemic
The use of captive insurance companies for medical stop-loss coverage has increased dramatically in recent years and likely will continue to do so going forward, even as the ultimate impact of the COVID-19 pandemic remains uncertain. Small and midsize employers have benefited from using group medical stop-loss captives. Read More