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  • 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.
  • 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.
  • 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.
  • 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,.
  • 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.”
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  Cybersecurity

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
  CICR

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
  2Mics

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
  FutureBlocks

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
  Cybersecurity

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
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