Types of Captives

  Medical-Related Icons Collected in a Honeycomb Shape Surrounded by Floating COVID-19 Cells

Medical Stop Loss Captives Continue To Offer Benefits through Pandemic

The use of captive insurance companies for medical stop loss coverage has increased dramatically in recent years and likely will continue to do so, even as the ultimate impact of the COVID-19 pandemic remains uncertain. Small and midsize employers have benefited from using group medical stop loss captives.
September 09, 2020 Read More
  Coronavirus Molecule with Financial Graphs in Background--Green for Money

Hard Market Could Fuel Wave of New Risk Retention Group Formations

While the number of risk retention groups (RRGs) has declined in recent years, experts predict a resurgence of RRG formations as conditions tighten and premiums jump in the traditional insurance market. RRGs, unlike other captives, can do business in any state after meeting the licensing requirements of just one state.
August 17, 2020 Read More
  A 100 dollar bill frozen in a block of ice

Department of Labor ExPro Benefits Captive Review Option Still Frozen

While the US Department of Labor (DOL) has not yet reinstated a regulatory procedure that enabled employers to obtain a speedy DOL review of their plans to use their captive insurance companies to fund employee benefits, they can, for regular review, use guidance that the DOL released last year.
July 17, 2020 Read More
  Karin Landry, Managing Partner at Spring Consulting Group

Thinking through the Process of Forming an Employee Benefits Captive

Karin Landry, managing partner with Spring Consulting Group, says when employers think about funding employee benefits in a captive, they need to think about whether or not the funding of those benefits would be subject to the US Department of Labor. 
April 08, 2020 Read More
  Capitol Building 480x377

Compromise Urged on RRG Coverage Expansion Legislation

At a recent House of Representatives subcommittee hearing, lawmakers were urged to compromise on legislation that would allow certain risk retention groups (RRGs) to expand coverages they can offer to their policyholders.
January 31, 2020 Read More
  Congress US Capitol

Congressional Hearing Set To Consider RRG Coverage Expansion

A House of Representatives subcommittee will hold the first congressional hearing on legislation that would expand the coverages risk retention groups (RRGs) can offer to their policyholder-owners.
January 22, 2020 Read More
  Businessman with his hands protecting the image of the top of a house

New Legislation Introduced To Allow Property Coverage in RRGs

A new congressional drive has been launched to expand the coverages risk retention groups (RRGs) can offer to their policyholder-owners.
November 26, 2019 Read More
  Doctors 480 x 377

GastroAssure Captive Insurance Option Set Up for GI Practices

The group purchasing organization Gastrologix and the Digestive Health Network, a group of independent gastrointestinal (GI) practices, have created GastroAssure, a captive insurance program formed to provide medical professional liability to independent gastroenterology practices.
July 25, 2019 Read More

AMERIND: A Cell Captive in Operation

A synopsis of how a Native American-owned and -operated corporation created a cell captive structure to expand and enhance its business. The article outlines what each of the cells provides and why they were created.
July 01, 2019 Read More
  GAAP Handshake-SF

Key Accounting Issues for Cell Captives

We provide a review and analysis of the latest white paper from Johnson Lambert and Spring Consulting Group on cell captives. Our review highlights some of the key concepts from the report and offers guidance on what to look for.
May 15, 2019 Read More
  Plant Cells 480x377

Cell Structures and Captive Insurance Innovation

Kevin Doherty of Dickinson Wright PLC says that the captive industry is full of innovators and captives are continuously innovating. According to Mr. Doherty, some of the more interesting concepts that have emerged involve the use of cell structures.
March 28, 2019 Read More
  Award Star-SF

CICA Presents this Year's Outstanding Captive Award to ACIG

This year's Outstanding Captive Award was presented to American Contractors Insurance Group Ltd. (ACIG) at the opening session of the Captive Insurance Companies Association (CICA) 2019 International Conference in Tucson, Arizona.
March 11, 2019 Read More
  Congress US Capitol

New Effort To Be Launched To Expand RRG Coverages

A new drive is expected to try to convince federal lawmakers to pass legislation to expand coverages that risk retention groups (RRGs) can offer to their policyholder-owners. Since 2006, lawmakers have discussed, during every congressional session, expanding the Risk Retention Act to allow RRGs to write property coverages.
January 28, 2019 Read More
  Actuarial Report-SF2

"2018 Risk Retention Group Benchmarking Study" Provides Valuable Insights

The "2018 Risk Retention Group (RRG) Benchmarking Study" from Pinnacle Actuarial Resources, Inc., is now available for download. The study offers a review of RRGs by industry segment. Get the study today!
January 18, 2019 Read More
  Pie Chart Segment

Risk Retention Groups: An Important Segment of the Captive Industry

Risk retention groups (RRGs) comprise only 3 percent of the roughly 7,000 captive insurers now operating. This relatively small number of RRGs hides the importance of this segment of the captive industry. Many RRGs are a vital source of coverage for hundreds—even thousands—of their policyholder-owners.
October 03, 2018 Read More
  Capitol Building 480x377

Latest Risk Retention Group Expansion Effort Faces Slim Chances

A new legislative effort is being launched to expand the coverages that risk retention groups (RRGs) can offer to their policyholders, but that drive has yet to garner broad congressional support. Under the current expansion proposal, H.R. 6292, RRGs could, if certain conditions were met, also offer property coverage.
August 02, 2018 Read More
  Justice Scale, Gavel, and Books 480x377

PCIC Risk Retention Group Wins LRRA Preemption in New York

A recent New York court of appeals ruling found that Preferred Contractors Insurance Company Risk Retention Group, LLC (PCIC), is not subject to New York insurance law for an insurer's failure to provide timely disclaimer or denial notice. The court ruled that compliance with New York law is preempted by the federal Liability Risk Retention Act (LRRA).
May 24, 2018 Read More
  Georgia Flag 480x377

OOIDA Risk Retention Group Wins LRRA Preemption in Georgia

On May 7, 2018, in a unanimous decision, the Georgia Supreme Court affirmed in Reis v. OOIDA Risk Retention Group, Inc., that the Liability Risk Retention Act (LRRA) preempts state insurance laws that regulate the business of foreign risk retention groups in Georgia.
May 11, 2018 Read More
  Growth 600x300

Risk Retention Groups Continue To Grow in Size and Importance

Even in a soft market, risk retention groups (RRGs) have grown significantly and continue to play a vital role providing coverage to their tens of thousands of policyholder-owners. At the end of March 2018, 228 RRGs were doing business, up from just 100 in 2003, according to the Risk Retention Reporter.
April 16, 2018 Read More
  Gavel and Statute Section Symbols-SF

OOIDA Risk Retention Group Battles for LRRA Preemption in Georgia

The Georgia Supreme Court will rule on the Reis et al. v. OOIDA Risk Retention Group, Inc. case after the Georgia State Court of Appeals transferred the case to the Georgia high court on the constitutional issue of federal preemption. Frequently, these cases center on whether the federal Liability Risk Retention Act of 1986 (LRRA) preempts state law.
April 09, 2018 Read More