This month we touch on some hot items. We are told health insurance is going up "due to medical inflation, soaring demand for costly weight-loss drugs and wider availability of high-priced gene therapies." But, the US property-casualty insurance sector may be stable in 2024.

Don't forget Monday, October 9th, is Columbus Day. Did you know, Columbus Day is one of ten federal holidays recognized nationwide by the United States Government. All non-essential federal government offices are closed on Columbus Day, and all federal employees are paid even if they receive the day off.

If you have any questions about implementing a Captive, call me directly or visit our Captive 101 section on our website by Clicking Here.

Sincerely,

U.S. employers are bracing for the largest increase in health insurance costs in a decade next year, according forecasts from healthcare consultants, but workers may be somewhat spared this time around in a tight labor market.

Employers healthcare costs are forcasted to be jumping 5.4% to 8.5% in 2024...

Despite strong premium growth, the US property-casualty insurance industry continued to generate significant underwriting losses during the first half of 2023, according to Fitch Ratings.

The rating agency said it expects the industry's results to improve during this year's second half as price increases continue to take hold. Still, uncertainty remains regarding future catastrophe losses, the effects of inflation on loss costs, and loss reserve experience, Fitch said...

Happening This month:

10/4: World Animal Day

10/5: World Teachers’ Day

10/9: Columbus Day

10/16: Boss’s Day

10/26: Nat’l Pumpkin Day

10/ 28: Nat’l Chocolate Day

10/29: Nat’l Cat Day

10/ 30: Nat’l Candy Corn Day

10/31: Halloween

This Month is Observed as:

Breast Cancer Awareness Month

Domestic Violence Awareness Month