Captive Insurance News

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Corporate Regulation and Governance in Captives

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Delve into captive insurance governance matters including board attributes, board structure, and board accountability. With 30 years of insurance experience from the auditing, regulatory, and management side, Derick White, managing director of corporate governance and regulation for Strategic Risk Solutions, offers key insights into captive board governance.

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Superintendent Sought for New Connecticut Captive Insurer

Foundation Repair-SF
February 12, 2018

The incorporators of a new Connecticut captive insurer, Connecticut Foundation Solutions Indemnity Company, LLC (CFSIC), have released a request for proposal (RFP) seeking a superintendent for the company. Interested parties can find a copy of the RFP on The superintendent will assist the incorporators and organizing committee in the formation and implementation of the captive.

CFSIC was created to assist Connecticut residents who have experienced problems with crumbling foundations as a result of pyrrhotite in the aggregate used for the concrete. In 2017, enabling legislation created the Crumbling Foundations Assistance Fund that will be funded with $100 million in state bonds over 5 years. The fund will be administered through CFSIC, a nonprofit captive insurance company, for the purpose of providing assistance to owners of residential buildings with concrete foundations that have deteriorated due to the pyrrhotite. CFSIC will operate until June 30, 2022, or until its existence is terminated by law.

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