Market News
USI Report: Unclear How Long Increased Property Pricing Will Persist
In its latest market report, "2018 USI Insurance Market Outlook," USI provides perspectives on the importance of last year's natural disasters and other market pressures. The report gives viewpoints on multiple factors, including market capacity, costs of coverage, and how the increased use of underwriting data analytics impacts insureds. Read More
NAIC Roundup: Looking Back, Looking Ahead
Look back at the changes the National Association of Insurance Commissioners (NAIC) implemented in 2017, courtesy of Johnson Lambert LLP, and then look forward, based on the NAIC's recently released strategic plan. Read More
Demotech Releases Third Quarter 2017 Financial Analysis of RRGs
Demotech's third-quarter Analysis of Risk Retention Groups reports on the overall financial performance of risk retention groups. The rating company's senior financial analyst, Douglas Powell, has concluded that Risk Retention Group (RRG) "have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses." Read More
Connecticut's Captive Insurance Solution to Crumbling Home Foundations
The state of Connecticut has decided to provide $100 million to fund a captive insurer that will insure the replacement or repair of residential foundations damaged by the high level of pyrrhotite in the concrete. The National Risk Retention Association's chairman, Dan Labrie, provides further details. Read More
Superintendent Sought for New Connecticut Captive Insurer
The incorporators of a new Connecticut captive insurer, Connecticut Foundation Solutions Indemnity Company, LLC (CFSIC), have released a request for proposal (RFP) for the role of superintendent of the company. Interested parties are encouraged to read and respond to the RFP. Read More