The quarrel between the NAIC and New York insurance regulators as to how captives should be best overseen is creating an uncertain regulatory environment, said Fitch Ratings...
Connecticut’s insurance department has put forward Senate Bill 188: An Act Concerning Captive Insurance Companies (SB 188), in order to adjust the current captive legislation...
Hong Kong’s Legislative Council has passed Inland Revenue Bill 2013 (Amendment) (No. 3) in order to provide a tax concession for captive insurers to enjoy a 50 percent reduction in the profits tax on their insurance business of offshore risks...
The US Senate Banking, Housing and Urban Affairs Committee has heard from industry experts about the importance of extending the federal terrorism insurance backstop, which expires at the end of 2014...
Medical stop-loss is becoming more common among healthcare employers, according to a presentation at the Captive Insurance Companies Association (CICA) International Conference in Scottsdale, Arizona...
Vermont is embracing run-off business with a new proposed law but California is challenging risk retention group reinsurance with a new renewal form, according to captive management firm JLT Towner...
The US Senate Banking Committee must consider amendments to the US Dodd-Frank Act so that policyholders are not put at risk, according to the National Association of Insurance Commissioners...
