Types of Coverages

  Medical Professional-SF

Aon/ASHRM Report Reveals Healthcare Systems Face Rising Batch Claims

The 2017–2018 report from Aon and ASHRM (American Society for Healthcare Risk Management) titled "Aon/ASHRM Hospital and Physician Professional Liability Benchmark Analysis" reveals that healthcare systems can expect stable claims frequency for typical professional liability claims but warns of increased claims frequency for extremely large claims. The report also finds that batch claims are on the rise in nearly every state.
October 19, 2017 Read More
  Businessman Security 480x377

NAIC Proposed Insurance Data Security Model Law Explained

Eversheds Sutherland explains the National Association of Insurance Commissioners (NAIC) proposed Insurance Data Security Model Law that tracks language from New York's regulation. In lieu of the New York regulation's specific and nuanced requirements, the proposed model law requires licensees to determine which controls listed in the law are appropriate for them.
October 18, 2017 Read More
  Employee Benefits Panel Bermuda-SF

A Focus on Unlocking International Employee Benefits in Captives

According to a Bermuda Captive Conference panel, financing global employee benefits in captives does not present the same bureaucracy and expense as it does in the United States. The industry can expect to see up to 200 companies with global employee benefits risk in their captives within the next few years.
October 16, 2017 Read More
  Cyber Insurance-SF-2

Underwriting Exposures and Cyber-Insurance Evolution Examined by Fitch

A Fitch report finds that cyber-insurance has been a profitable business line for early entrants and is a rapid growth segment, with global premium volume set to increase six- to eightfold within a decade. The report reveals challenges faced by insurers and policyholders and identifies key risks and opportunities.
October 09, 2017 Read More

Captive Insurance Opportunities in the Transportation Industry

Recent years have been difficult for the commercial automobile insurance industry. Both frequency and severity have been escalating, while rate increases have not been sufficient to offset the climbing loss costs. Captive insurance and the alternative market can provide a flexible option for companies and groups as they respond to the industry's increasing market volatility.
September 25, 2017 Read More
  New York Computer-SF2

Captive Update on the 2017 NAIC Summer Meeting

What are the key takeaways for captive insurers from the recent National Association of Insurance Commissioners (NAIC) Summer 2017 National Meeting? Model laws for cyber security, corporate governance, financial stability, risk assessment, and triple X captives were all under discussion.
August 21, 2017 Read More
  Treasury Department Building-SF

Analysis of the FIO Report on TRIP and Small Insurers

The Federal Insurance Office (FIO) report on the Terrorism Risk Insurance Program (TRIP) and small insurers contains several key conclusions that warrant discussion and analysis by all captives that provide some kind of terrorism cover.
August 07, 2017 Read More

Captives and TRIA

Gain a basic understanding of how the Terrorism Risk Insurance Act applies to captives and how the Department of the Treasury reporting requirements may impact captives.
January 23, 2017 Read More
  Cyber Attack-SF

Using Single-Parent Captives for Cyber Liability Risks

This article provides insight, guidance, and out-of-the-box perspectives on how to approach quantifying a particular company's cyber risk profile for the primary purpose of risk transfer using the classic risk management process: (1) identify; (2) assess; (3) treat; and (4) monitor.
January 16, 2017 Read More

5 Coverage Questions for Cyber-Liability in a Captive Insurer

Many captive owners are being asked to consider writing cyber-liability coverage in their captives. The idea has been discussed at numerous captive conferences over the last several years. Additionally, there are dozens of articles available on captive vendor websites that explore the possibility. Reading these articles can lead many owners and board members to conclude that cyber-liability coverage is worthy of pursuing.
December 20, 2016 Read More
  Stock Market

Legitimate Captive Insurance Companies Are Not Driven by Tax Planning Strategies

Here is a message that needs to be delivered to all those involved in advising, regulating, or legislating tax policy: captive insurance companies are genuine risk management organizations that add value to their owners.
December 16, 2016 Read More

Captive Insurance Taxation and Regulation Hot Topics Featured in December CICR

The December 2016 issue of "Captive Insurance Company Reports (CICR)" looks at a current hot topic in the captive insurance community—the new ownership requirements for captives that have elected to be taxed under section 831(b) of the Internal Revenue Code—as well as other captive insurance current concerns.
December 05, 2016 Read More

Captive Insurance Company Leaders Should Consider Audit Committee Best Practices

Most captive insurance company owners recognize the role an audit committee plays in the general good governance of their captives. However, with the increase in regulatory scrutiny of financial service firms, the importance of a competent and well-educated audit committee cannot be overstated.
December 01, 2016 Read More

Blockchain Technology—Can Captive Insurance Companies Be a Test Bed?

Milliman recently released a white paper titled "Blockchain: An Insurance Focus" by Michael A. Henk and Robert T. Bell. The report points out the various impediments, one of which is regulation, that exist to the rapid adoption of this technology,.
November 17, 2016 Read More

Competing Cyber-Security Laws: NAIC v. New York

Many captives are probably aware of the work being done at the National Association of Insurance Commissioners (NAIC) concerning cyber-security risks. This process began in late 2014 when the NAIC’s Executive (EX) Committee appointed a "Cybersecurity (EX) Task Force" to serve as the point group on all regulatory matters related to cyber-security. In April 2015, the Cybersecurity Task Force adopted the “Principles for Effective Cybersecurity: Insurance Regulatory Guidance.”
November 01, 2016 Read More
  Medical Costs

Captive Insurance and Healthcare Liability: Learn More

Excellent short videos related to captive insurance companies and healthcare liability and featuring captive expert Michael Maglaras are available on Captive.com.
May 20, 2016 Read More
  WCF Medical Stop Loss Panel

Medical Stop Loss in Captives

Placing medical stop loss coverage in a captive insurance company can provide substantial savings to employers.
February 06, 2015 Read More
  American Money

New Terrorism Risk Insurance Legislation Seeks To Reduce Federal Role

The long-term intent of Congress in the future funding of terrorism losses is spelled out in sections 108 and 110 of the Terrorism Risk Insurance Program Reauthorization Act of 2015, and it appears aimed at reducing the federal role.
January 16, 2015 Read More
  WC Benchmarking Study Logo

2014 Workers’ Compensation Claims Operational Benchmarking Study

Executives, claims professionals, and others serving captives providing workers compensation coverage should read the results of the 2014 Workers’ Compensation Benchmarking Study--Claims Management Operational Study. The study had the benefit of the participation of more than 400 managers, directors, and executive-level claims leaders, a 57 percent increase from the prior year.
December 16, 2014 Read More

Increased Medical Malpractice Noneconomic Caps Rejected by California Voters

Good news for captives writing California malpractice insurance. Voters in California resoundingly defeated Proposition 46 by a voting percentage of 67.1 to 32.9. The proposition would have raised the cap of $250,000 on noneconomic pain and suffering to $1.1 million.
November 07, 2014 Read More