The House of Lords Industry and Regulators Committee recommends introducing a competitiveness objective for the FCA and PRA, following an inquiry into commercial insurance and reinsurance regulation
A bill seeking to clarify the authorisation of licensing and regulating captive insurers to ensure compliance with the National Association of Insurance Commissioners’ accreditation standards has been passed onto the senate of the US Virgin Islands
A ruling by the US District Court for the Eastern District of Tennessee has ordered for the Internal Revenue Service to set aside Notice 2016-66 in its abiding suit against captive manager CIC Services
Nine captive insurance domicile associations and the Self-Insurance Institute of America have filed an amicus brief in support of state insurance regulation in the ongoing case, United States of America v. Delaware Department of Insurance
The US Department of the Treasury has submitted a proposal to the Office of Management and Budget for a data and information collection from property and casualty insurers regarding the Terrorism Risk Insurance Program
The legislature of the state of Kansas has passed Senate Bill 377 to authorise and provide for technology-enabled fiduciary financial institution insurance companies within the Captive Insurance Act
Fenchurch Law, a UK legal firm specialising in working for policyholders and brokers in insurance coverage disputes, has launched a reinsurance and international risks practice group
