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Art Randolph

Florida’s Property Insurance Market

The Wind Is (Finally) Blowing

Florida’s Property Insurance Market
With Hurricane Hermine bearing down on Florida, I recognized that I could not physically do anything to assist my sister and her family in Jacksonville (or my friends and extended family throughout the state), nor my insurance company clients that admirably serve the communities that will be affected by the storm. However, Hermine obligates me to contemplate the potential impact she may have on the underwriting results and financial solvency of Florida property insurers, and how the property insurance landscape might be altered.
DCIA 2015 Fall Forum
Aaron Hillebrandt November 18, 2015 Posted in: Blog Posts, Captives, Insurance / Insurers
The Delaware Captive Insurance Association (DCIA) held its 2015 Fall Forum November 11-12 on the riverfront in Wilmington. Attendees included leading captive service providers, captive owners, and Delaware’s captive regulators. Educational session topics ranged from Cyber Liability and Reputational Risks to the evolution of group captives and best practices for captives.
NAMIC 2015 Annual Meeting
Katey Walker September 25, 2015 Posted in: Blog Posts, Insurance / Insurers
Pinnacle is excited to be joining the National Association of Mutual Insurance Companies at the 120th NAMIC Annual Convention in San Diego, September 27-30. With almost 1,400 registered attendees, this is a great opportunity to engage with executives and managers representing over 250 property and casualty insurance companies.
Katey Walker

Weather Affects Everyone

Mother Nature’s Whims Take Their Toll

Weather Affects Everyone
Katey Walker August 12, 2015 Posted in: Blog Posts, Telematics / UBI
On a beautiful late spring day, I left my house for a “scenic” drive to our home office in Bloomington, IL. The sun was out, the temperature was perfect at 78 degrees, and traffic was moving at a great pace….until the dark clouds rolled in from the west and the rain started, reducing visibility to almost nothing and bringing all traffic to a standstill with blinkers flashing. Add some amazing lightning and thunder and some nickel-sized hail and my afternoon was no longer any fun. My long drive finished with tornado and flood warnings and enough water in the streets to make Bloomington look like a small water park.
Greg Fears

How Many Non-Captives Will Proposed 831(b) Changes Impact?

Deductible Premium Threshold May Increase

How Many Non-Captives Will Proposed 831(b) Changes Impact?
Greg Fears February 19, 2015 Posted in: Blog Posts, Captives, Insurance / Insurers
There is currently a proposal from the Joint Committee on Taxation (JCX-21-15 and JCX-44-15) that would modify section 831(b) of the tax code to increase the $1.2 million threshold for tax deductible premium contributions to $2.2 million and index this amount for inflation. These changes will benefit both small insurers and the U.S. economy. This will likely make the 831(b) election a more attractive option for small insurer formations and allow for growth in existing 831(b) insurance companies.
«June 2020»