The U.S. economy today faces conditions that echo certain aspects of the 2008 financial crisis, yet it also exhibits significant differences. Examining how the U.S. property and casualty (P/C) insurance market performed during both periods offers important insights into navigating current challenges.
The CICA 2025 International Conference, themed "Captives—Better Solutions for Tomorrow's Risks," took place from March 9 to 11, 2025, at the JW Marriott Starr Pass Resort & Spa in Tucson, Arizona. This event brought together over 700 captive and risk management experts, including captive owners, potential captive owners, captive managers, risk managers, domicile regulators, and service providers. C.I. was represented by Nate Reznicek, Joe McDonald, and Luke Renz. Here are some key details and highlights from the conference:
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.
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