Connecticut governor Ned Lamont has signed new crumbling foundations legislation enabling the state-owned captive Connecticut Foundation Solutions Indemnity Company (CFSIC) to help homeowners affected by problems related to pyrrhotite.
A growing number of companies falling foul of general data protection regulations (GDPR) highlights the need for comprehensive cyber coverage. It could also incentivise the formation of more captives, if cyber providers do not up the quality of their offerings, according to experts.
TTN Fleet Solutions has hired Tyler Harden as vice president of its service provider network. Harden has experience of developing, creating and launching a captive insurance program, TowCap Premier, which was the first of its kind in the heavy duty towing industry.
Pro Global Holdings, an independent consultancy and service provider, has launched a cyber audit practice to support the insurance industry’s response to cyber risk.
The North Carolina Captive Insurance Association (NCCIA) will host its seventh annual conference from August 21-23, at the The Ballantyne resort in Charlotte, NC.
SOBC DARAG has acquired Innovative Physicians Solutions RRG in full, effective July 1 2019.
“Despite the fact that there are more than 100 insurance carriers that offer cyber coverage, there are only a handful of global insurers offering meaningful capacity for large international corporate customers on a primary basis,” according to Paul Woehrmann, head of captive services at Zurich Insurance Company.
It is probably fair to surmise that few people grow up dreaming about careers in insurance, let alone captive insurance. But the Captive Insurance Companies Association (CICA) is stepping up its efforts to show young people that the industry can provide exciting and rewarding careers for those that pursue it.