Market News
US Cyber Insurance Market Tops $2 Billion, Doubling over 4 Years
Direct premiums written in the US cyber insurance market have more than doubled over a 4-year span, from $996 million in 2015 to $2 billion in 2018. Read More
Cyber Risk Premium Volume in Captives Jumping Up
While only a small percentage of employers use their captive insurance companies to cover their cyber risks, the premiums flowing into captives to fund the coverage is soaring, according to a new analysis. Read More
Congress Looks To Extend NFIP 5 More Years
In the latest congressional action impacting the National Flood Insurance Program (NFIP), the House Financial Services Committee unanimously approved legislation on June 12, 2019, to extend the NFIP 5 more years. Read More
IVANS: Commercial Lines Renewal Rates Show Varied Change
IVANS announced its May 2019 results showing varied change in premium renewal rates with businessowners policy, general liability, and commercial property experiencing an upward turn, and commercial auto, umbrella, and workers compensation experiencing a downtick in rate. Read More
US Commercial Insurance Prices Increase 2 Percent 1Q 2019
US commercial insurance prices have increased in the first quarter of 2019, according to Willis Towers Watson's latest "Commercial Lines Insurance Pricing Survey." Read More