The CCIR have objected to a proposal within the Obama administration’s fiscal year 2015 budget that would deny a tax deduction for certain reinsurance premiums paid to foreign-based affiliates by domestic insurers. Should the proposal carry through
New York tax reform could empty captive companies’ wallets, if it goes ahead as planned...
Ireland’s central bank has told captive entities that they must provide it with written statements that they are adhering to certain regulations...
Vermont has introduced a bill called the Vermont Legacy Insurance Management Act (LIMA), which has the potential to drive millions of dollars into the state’s economy...
Canadian captive insurance vehicles may be in for a rough ride in the wake of the majority government’s budget...
The Vermont House Committee on Commerce and Economic Development is considering draft legislation regarding dormant captives...
The federal government is becoming increasingly interested in the captive insurance market niche, an area currently regulated at the state level with little federal involvement, according to an article from Fitch Ratings...
