Captives.Insure is launching a new group captive insurance program tailored specifically for Amazon Delivery Service Partners (DSPs). This best-in-class solution offers DSPs an opportunity to take control of their insurance program while securing coverage on A XIV AM Best Rated paper.
The insurance industry has undergone significant transformation in response to the escalating frequency and severity of extreme weather events. As climate change intensifies natural disasters—from wildfires and hurricanes to floods and heatwaves—insurers are recalibrating risk models, revising coverage strategies, and innovating products to maintain solvency while addressing societal needs. Captive insurance, in particular, has emerged as a critical tool for businesses and governments to bridge coverage gaps, stabilize costs, and build resilience against climate-driven losses. This report synthesizes the industry’s multifaceted adaptations, with a focus on how captive structures are reshaping risk management in an era of heightened volatility.
As we are nearly halfway through February 2025, the property and casualty insurance landscape continues to evolve, presenting both challenges and opportunities for insurers and policyholders alike. The market has shown signs of softening in some areas, with global commercial insurance rates declining for the second consecutive quarter. Property insurance rates, in particular, have seen a modest decrease, dropping by 3% globally and 4% in the U.S. However, the casualty insurance sector tells a different story, with rates climbing by 4% globally and a more substantial 7% in the U.S.
California has implemented significant regulatory changes to address its ongoing home insurance crisis, particularly in light of recent wildfires and climate change concerns. Here are the key regulatory updates:
Last week, I had the opportunity to introduce the world of captive insurance to bright young minds at the University of South Carolina's Darla Moore School of Business. Joined by industry experts David Ward, Laura Rodrigo, and Karen Strange, we dove into the realm of captives with two risk management classes and then the Gamma Iota Sigma society.
As we look ahead to 2025, the US property and casualty insurance market is expected to enter a period of relative stability, with some notable variations across different lines of coverage.
The year 2024 was marked by an extraordinary number of costly weather and climate disasters in the United States, continuing a concerning trend of increasing frequency and severity of such events. Here's an expanded look at the losses from 2024:
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