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Law & regulation
The NAIC will host the 6th annual International Insurance Forum in Washington, D.C. The two day forum will open on May 9th. 9 May 2013
Executive Appointments
The CCIA will hold a “Captive Insurance Day at the Capitol” on the 14th of May in Hartford, Connecticut. 8 May 2013
Analysis
The differentiation between onshore domiciles and offshore domiciles is shrinking, Vermont Captive Insurance Association president Richard Smith told Captive International in a discussion about domicile selection. 7 May 2013
Law & regulation
The Self-Insurance Institute of America (SIIA) sent a letter to California Senator Ed Hernandez voicing their official opposition to Bill SB 161. 3 May 2013
Actuarial & underwriting
A survey conducted by Marsh and RIMS has revealed that although senior executives and risk management professionals opinions on the role that risk management should play in strategic planning are “more aligned than ever” there is yet to be full strategic integration. 30 April 2013
Bermuda analysis
The Marsh annual benchmarking report for 2012 found that new captive owners are gravitating toward onshore domiciles in the US and the EU, although few existing captives are re-domesticating to onshore jurisdictions. 29 April 2013
New Captive Models
Tennessee governor, Bill Haslam has signed new protected cell captive insurance legislation into law, lowering capital and surplus requirement and eliminating the requirement for a holding company. 23 April 2013
Executive Appointments
The Executive Committee of the NAIC has announced plans to establish an American Indian Liaison Committee to address insurance issues involving the cooperation and relationship between sovereign states and sovereign tribal nations. 19 April 2013
Law & regulation
The Captive Insurance Companies Association (CICA) has renewed its support for the Coalition for Competitive Insurance Rates (CCIR) in response to the US budget. 18 April 2013
Law & regulation
A court of appeals has affirmed a District Court ruling that the State of Nevada cannot deny a risk retention group the right to do business in the State, ending a dispute that began in 2010. 17 April 2013
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