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Vermont continues to refine its captive insurance laws, with proposed legislation in 2025 focusing on technical corrections and clarifications related to controlled-unaffiliated risk, conversions of captive insurance companies into protected cells, parametric contracts, and confidentiality.
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[ad_1] Comparatively, Bowhead reported that its Q4 2024 gross written premiums rose 26.3% to $184.8 million, driven by renewals, new business, and platform expansion across all divisions. Return on equity stood at 14.8%, while the company’s book value per share stood at $11.34. [ad_2] Source link
[ad_1] The lawsuits come amid growing instability in the state’s property insurance market, where several insurers have scaled back offerings or exited the market altogether, citing increased wildfire risk, rising claims costs, and regulatory constraints. [ad_2] Source link
[ad_1] Who’s raising the bar in insurance networks and alliances? [ad_2] Source link
[ad_1] Generally, geopolitical instability from budding trade wars is likely to result in hesitation from insurers. The National Insurance Alliance (NIA), a specialty insurance service provider based in the British Cayman Islands, anticipated that insurers may freeze capital commitments, particularly in inland marine shipping and manufacturing, and postpone major policy decisions until trade policies become…
[ad_1] Managing seasonal employees becomes crucial as businesses gear up for the busy summer season. From compliance with complex state and federal employment regulations to performance management, various aspects must be considered to ensure a productive and harmonious workplace throughout the summer months. Seasonal employees in New York are subject to the same regulations as…
[ad_1] Packaging businesses play a crucial role in supply chains across industries—from food and beverage to electronics and retail. Whether manufacturing packaging materials or acting as a broker, day-to-day operations come with complex risks. Transportation delays, raw material shortages, inflation, production disruptions, and equipment breakdowns are just a few challenges that can quickly impact profitability….
