Market News
IVANS October: Increased Variance in Commercial Lines Rate Change
IVANS has announced its October results in "IVANS Index: Premium Renewal Rate Index." The premium renewal rate change across the industry remained mainly positive but demonstrated more variance month to month than prior months. Businessowners policy continues to trend downward but remains the line of business with the highest premium renewal rate change. Read More
KBRA's Global Captive Insurer Rating Methodology Is Freshly Released
Kroll Bond Rating Agency's (KBRA's) Global Captive Insurer Rating Methodology is now published. The methodology describes the major quantitative and qualitative factors KBRA considers when assessing the financial strength of captive insurers. Read More
NAIC Testimony to Congress Advocates States' Role in Insurance Issues
Connecticut Insurance Commissioner Katharine L. Wade testified before Congress representing the National Association of Insurance Commissioners (NAIC). Ms. Wade responded to questions about the appropriate role for the federal government in insurance issues. The hearing focused on the federal government's international and domestic engagement. Read More
Connecticut Introduces Captive Insurance Tool Kit for Business Owners
The Connecticut Insurance Department has launched CT Captive Solutions for Business-a new online resource for business owners exploring ways to control insurance costs and manage their risk. The tool kit includes instructions on licensing a captive insurer in Connecticut, a list of recognized captive managers, FAQs, and Insurance Department contacts. Read More
Overview of Hurricane Nate's $650 Million-$1.35 Billion in Total Loss
CoreLogic announced preliminary loss estimates for Hurricane Nate. According to the data analysis, total insured and uninsured loss for both residential and commercial properties, including damage from both flood and wind, is estimated to be between $650 million and $1.35 billion. Read More