Regulatory headwinds for PPLI and PPVA? Recent news from the Senate Finance Committee indicates they may be taking a hard look at additional regulations in the insurance industry. Should clients and their advisors be worried? Join Washington DC insiders Army Robinson and Ken Kies with WP Partners Ben Rainey and Frank Hirsch to discuss this and more 4/15 at 1:00 pm ET. https://lnkd.in/gwmHprPc
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Ongoing economic uncertainty is leaving firms with unwelcome cost-pressures, underlining the need to keep PII costs to a minimum. catherine davis of Lockton provides her recommendations for managing the PII renewal process to keep insurance expenses at bay in this article - https://lnkd.in/e6SBj3sU
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Ongoing economic uncertainty is leaving firms with unwelcome cost-pressures, underlining the need to keep PII costs to a minimum. catherine davis of Lockton provides her recommendations for managing the PII renewal process to keep insurance expenses at bay in this article - https://lnkd.in/e6SBj3sU
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Risk, Compliance and Insurance Exec I Adjunct Professor | Independent Board Director | Startup Advisor
The echoes of the past remind us of the critical need to be proactive in navigating the evolving landscape of the #propertyandcasualty #insurance market. Exploring #alternativeriskfinancing, including #captiveinsurance options, is a strategic move that can empower businesses to weather the storm (no pun intended) amidst these challenging times.
There is a crisis brewing in the US property and casualty insurance market that is reminiscent of the Liability Crisis of the 1980s. Congress was forced to act back then, including section 831(b) in the 1986 Tax Reform Act. Business owners, particularly those with substantial property exposures, need to stay abreast of these developments and explore alternative risk financing options. #insurance #831b #captiveinsurance
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Husband and Father | Investor - I buy businesses | Business Investor | Author | Entrepreneur | Business Enthusiast
What was the insurance crisis of the 1980s? https://lnkd.in/g3QsWpHm Wiki explains it in plain English.
There is a crisis brewing in the US property and casualty insurance market that is reminiscent of the Liability Crisis of the 1980s. Congress was forced to act back then, including section 831(b) in the 1986 Tax Reform Act. Business owners, particularly those with substantial property exposures, need to stay abreast of these developments and explore alternative risk financing options. #insurance #831b #captiveinsurance
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Agent l Property & Casualty l Work Comp l Bitcoin Mining Insurance l Bonding l [email protected]
*Personal injury attorneys and jurors that have an axe to grind with business owners and "free money" insurance carriers. *People wanting a personal mini lottery win. *Distracted driving. *Sensors on everything/ high-cost fender benders. ( $5K bumpers and or $800K settlements in 5 mph collisions if a personal injury attorney is involved) *Lack of crime prosecution- DA's being elected on not prosecuting crime and allowing vehicle thefts, property thefts, etc, to skyrocket. *Handcuffing/reducing police departments. Operating at half capacity, cases dismissed, *Weather-related property claims with severity and frequency. Just a few factors impacting businesses (where the employees/jurors work), the insurance industry, and society.
There is a crisis brewing in the US property and casualty insurance market that is reminiscent of the Liability Crisis of the 1980s. Congress was forced to act back then, including section 831(b) in the 1986 Tax Reform Act. Business owners, particularly those with substantial property exposures, need to stay abreast of these developments and explore alternative risk financing options. #insurance #831b #captiveinsurance
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So accurate!!! Pay attention to property exposures . Having lived through the liability crisis of the 80's, important to plan ahead.
There is a crisis brewing in the US property and casualty insurance market that is reminiscent of the Liability Crisis of the 1980s. Congress was forced to act back then, including section 831(b) in the 1986 Tax Reform Act. Business owners, particularly those with substantial property exposures, need to stay abreast of these developments and explore alternative risk financing options. #insurance #831b #captiveinsurance
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OIR continues to see market stabilization following the historic legislative reforms of 2022 & 2023, with rate filings for 2024 showing a slight downward trend for the first time in years. ➡️ Read more in OIR's latest insurance market update: https://bit.ly/4aKtbym
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You have certainly come across industry terms such as Statutory Management. Let’s dive into its meaning: A Statutory Manager is appointed by the Commissioner of Insurance to take control of an insurance company that is in financial distress and oversee its operations in order to protect the interests of policyholders, claimants, creditors, and other stakeholders. #StatutoryManagement
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The PRA have published CP19/23 on the reform of the Matching Adjustment. In our article we discuss the main issues of this reform and how it impacts insurers. #zenithactuarial #matchingadjustment
Reform of the Matching Adjustment
https://www.zenithactuarial.com
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Agribusiness Account Executive / Farm Insurance Specialist / Rural Electric Cooperative Trustee / Poultry Specialist / Adjunct Instructor
The challenging market we currently face doesn’t look to soften in the near term. If you have a large property exposure, you need someone who understands what captive insurance might mean for your operation. I work with large poultry producers who have significant property exposure and 831(b) captives can be a huge advantage. I strive to help farm owners minimize their insurance costs, and I’m always happy to talk with anyone who would appreciate a quick, simple explanation. #poultryindustry #eggs #poultryfarming
There is a crisis brewing in the US property and casualty insurance market that is reminiscent of the Liability Crisis of the 1980s. Congress was forced to act back then, including section 831(b) in the 1986 Tax Reform Act. Business owners, particularly those with substantial property exposures, need to stay abreast of these developments and explore alternative risk financing options. #insurance #831b #captiveinsurance
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