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The Self-Insurance Institute of America (SIIA) has ramped up its lobbying efforts in favour of reauthorisation of the Terrorism Risk Insurance Act (TRIA). 18 July 2013
USA analysis
AM Best has withdrawn the financial strength rating and issuer credit rating of Healthcare Safety & Protection Risk Retention Group. 18 July 2013
Analysis
Washington, DC will not allow medical stop-loss captives to be licensed, according to Dana Sheppard. 18 July 2013
Accounting & tax analysis
The US Department of the Treasury and the IRS announced that the start date of the Foreign Account Tax Compliance Act (FATCA) will be pushed back by six months, to July 2014. 17 July 2013
Accounting & tax analysis
Mid-size companies in light manufacturing are a perfect match for group captives as they can help them avoid premium hikes as rates in the open market harden. 11 July 2013
Analysis
Writing in our US Captive title, Dennis Harwick, president of CICA, argues that a recent New York regulatory report attacking offshore captives is a ‘political document’ that fails to differentiate true captives from so-called ‘shadow insurance’. 5 July 2013
Analysis
The stigma against middle market captives is diminishing in the industry but has far from vanished, believes Jeremy Huish, business director at Artex Risk Solutions. 27 June 2013
Analysis
The Captive Insurance Companies Association (CICA) sent a letter to the National Association of Insurance Commissioners (NAIC) to thank president Jim Donelon for his support of the industry. 26 June 2013
Law & regulation
The state of Vermont has announced a series of changes to the state's captive legislation. 24 June 2013
Law & regulation
HB 473, the North Carolina Captive Insurance Act, has been signed into law by Governor Pat McGrory. 21 June 2013
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