CICA SPECIAL SECTION Dennis Harwick reflects on the captive market prior to his retirement The 2017 Captive Insurance Companies Association (CICA) international conference will be held March 12-14 in San Diego. The annual event has become one of the most important and informative captive meetings of the year. This year’s conference will be no less impressive, although it may be somewhat bittersweet for CICA’s president, Dennis Harwick. He will be
ARTful Measures There’s a growing role for agents in identifying and managing reputation risk Corporate risk management has changed significantly over the past 10-plus years as companies have grown and matured. The most important change involves emerging risks. These risks are triggered by unexpected events, such as the volcanic eruption in Iceland, or familiar risks in unfamiliar conditions, such as the churning of mortgages that triggered the 2008 financial crisis.
ARTful Measures Is a single-state approach, like that of Indiana’s IPS, the future of RRGs? The introduction in 1981 of risk retention group (RRG) legislation—specifically the Product Liability Risk Retention Act of 1981—led to active federal involvement in the commercial insurance marketplace. Prior to this regulation, oversight of the insurance industry had been left to individual states. The Act was driven by a nationwide shortage of product liability and completed
Opportunities abound for mid-sized agents and brokers to profit from the captive trend ARTful Measures By Michael J. Moody, MBA, ARM Several years ago you could set your clock by where the underwriting cycle was in the commercial property and casualty insurance market. Seven years on the dot. Rates would, for the most part, follow this predetermined timetable. If it was year three into the cycle, you knew you had
Bermuda Captive Conference keynote discusses seven tools to help reduce healthcare costs The cost of healthcare in the United States is twice that of any other developed country. Despite this fact, the U.S. still doesn’t provide the best care. This results in a situation where we are not receiving the best healthcare for the least amount of money. In fact, we have one of the most costly healthcare systems of