Articles
Law & regulation
Tennessee has approved updates to its captive insurance statute that it believes provide a strong incentive to captives to domicile in the state, as it seeks to keep up the momentum that saw strong growth in the captive sector in 2020. 7 June 2021
Law & regulation
The London Market Group (LMG) has called for policymakers to promote London as a centre for captive insurance companies, as part of a five point plan to develop the UK’s re/insurance industry. 7 June 2021
Law & regulation
The Connecticut House of Representatives has approved a bill to expand protections for homeowners struggling with crumbling concrete foundations due to contamination from pyrrhotite. 3 June 2021
Law & regulation
Latham & Watkins (L&W) has hired a new partner in its litigation and trial department and a member of its complex commercial litigation practice, in the Los Angeles office. 3 June 2021
Law & regulation
The European Insurance and Occupational Pensions Authority (EIOPA) has named a new chair. 28 May 2021
Law & regulation
The Monetary Authority of Singapore has launched a consultation on proposed revisions to the guidelines on corporate governance for re/insurers, captives and other financial institutions incorporated in Singapore. 25 May 2021
Law & regulation
Tennessee Governor Bill Lee has signed the Insurance Data Security Law that will give buyers of insurance in the state new protections for their personal, medical and financial information. 24 May 2021
Law & regulation
Vermont’s Governor Phil Scott has signed new legislation into law designed to strengthen the state’s captive insurance regulation regime. 21 May 2021
Law & regulation
Sean King, the general counsel at CIC Services, has praised the US Supreme Court’s decision to allow a challenge to the Internal Revenue Service’s (IRS) Notice 2016-66, arguing the Anti-Injunction Act would be “tyrannically unconstitutional” if it gave the IRS carte blanche to enforce illegal regulations. 18 May 2021
Law & regulation
The US Supreme Court has ruled in favour of CIC Services in its ongoing dispute with the Internal Revenue Service regarding micro captives and the legality of Notice 2016-66, setting the stage for a showdown that could potentially see the IRS Notice enjoined. 17 May 2021
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