Market News
Stop Loss Coverage and NAIC White Paper
Medical stop loss coverage by self-funded insurers is becoming a hot issue, Self-Insurance Institute of America (SIIA) President Michael Ferguson has recently been quoted as saying. This topic warrants an increased focus on captives providing stop loss coverage and self-insured employers that provide medical coverage. Read More
Uniform Reinsurance Collateral Agreement for US and European Reinsurers?
Michael McRaith, Federal Insurance Office (FIO) director, said it was likely the FIO would ask congressional permission early next year to negotiate a uniform reinsurance collateral agreement for US and European reinsurers, according to a recent report in Property Casualty 360. Read More
2015 a Continuation of the Worst Reinsurance Market in History?
A roundtable of reinsurance executives organized by Bloomberg News concluded "the worst reinsurance market in memory looks set to carry into 2015." Read the full article. Read More
XL Group Launches New Cyber and Technology Insurance Policy
XL Group plc, an insurance and reinsurance company, has announced that its cyber and technology business in North America has launched a new insurance policy that extends enhanced protection to businesses that are developing more concerned with cyber and technology risks. Read More
Attorney Risk Retention Group Is a Case Study in the Evolution of a Captive
ALAS, Inc., risk retention group was formed in 1987 and is domiciled in Vermont. Its purpose is to act as a primary insurance company providing direct underwriting, claims management, and loss prevention services for its members. Read More