Regulators need to take responsibility when licensing captives, according to Sandy Biggleston, director of captive insurance at the Vermont Department of Financial Regulation.
The Texas Department of Insurance has amended its captive insurance regulation to implement the changes passed into law by the Texas legislature in 2015 and 2017
Guam governor Eddie Calvo has vetoed a bill that granted tax breaks to CTCIC, the captive insurer of Core Tech International
New York governor Andrew Cuomo has signed legislation that protects the state’s small employer self-insurance marketplace for two more years
Chubb European Group has redomiciled to France from London, effective 1 January, as part of its Brexit preparations
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Michigan has amended the reporting requirements for captive insurance companies operating in the state
The Illinois legislature has voted to override governor Bruce Rauner’s amendatory veto of SB 1737, which proposes a reform of the state’s captive insurance regulatory framework and a substantial drop in self-procurement tax