Connecticut Foundation Solutions Indemnity Company is a textbook example of how a captive can step into the breach when the commercial market walks away from a crisis. Michael Maglaras, its superintendent, believes captives should now be centre-stage in dealing with the pandemic crisis.
Captive International is proud to name the winners of its inaugural US Captive Awards, recognising the best in class providers across the full spectrum of disciplines active in the captive insurance industry.
Captive International is asking its readers to vote for the best captive insurance jurisdictions, managers, lawyers, and other service providers in its inaugural US Captive Awards.
The insurance industry says pandemic risk is uninsurable. In fact, nothing is uninsurable if the problem is approached with sufficient creativity. Unless insurers change their tune, they may be hastening their demise, as businesses look elsewhere for solutions to their pandemic problems, says Butler University’s Zach Finn.
CMS has made a number of changes to MSSP and Next Gen ACOs, some of which are inherent to the individual programmes and some of which have been created and added specifically to counter the effects of the COVID-19 public health emergency. Chris Coulter of Archway Health examines the changes.
Connecticut is a relative newcomer to the increasingly competitive world of captive insurance regulation, but has quickly earned a reputation as an attractive domicile. As pressure increases on offshore captives to bring business back onshore, the state hopes to capture a lot of new business. Captive International reports.
In late 2018 the National Risk Retention Association, frustrated by difficulties its members experienced when registering to do business in several non-domiciliary states, petitioned the National Association of Insurance Commissioners for assistance. Jon Harkavy of Risk Services examines the current state of play.
Dermot Finnerty of White Rock Group shines the spotlight on how changing market conditions are driving demand for risk retention (cell and captive) solutions.
Vermont is in the process of updating its captive insurance regime, with a bill currently being considered by the legislature that will make a number of tweaks designed to make it easier to do business and increase transparency. David Provost and Ian Davis talked about the bill with Captive International.
The Internal Revenue Service has scored some notable victories against abusive micro-captive insurance tax shelters in recent years, with settlement offers to some 200 captives last September earning it floods of cash from captives eager to end their uncertainty. For those that did not receive such a letter however, the 831(b) scandal is far from over, as Solomon Teague reports.