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"CICR" Provides a Local Perspective on Microsoft's Regulatory Problems

July 02, 2018

Don't miss the July issue of Captive Insurance Company Reports (CICR), where Steven Beeghly, Esq., of Seattle-based Kreger Beeghly, PLLC, provides an insider's perspective on the recent cease and desist order issued by the Washington State insurance commissioner against Microsoft to stop using Cypress Insurance Company, one of its captive insurance companies. Mr. Beeghly delves into the Washington statute and provides a view into the nuances of the state's insurance regulatory environment. He also offers insights into the importance of addressing insurance compliance risk to protect against regulatory problems involving time, money, and reputation.

What else is in this issue of CICR?

  • There is more on Microsoft in an interview with J. Michael Low, Esq., a prominent captive and insurance attorney, former Arizona director of insurance, and the current president of the Arizona Captive Insurance Association.

  • Rob Walling, principal and consulting actuary at Pinnacle Actuarial Resources, Inc., dives into how technology (insurtech) is disrupting insurance and captives.

  • Robert "Skip" Myers, general counsel to the National Risk Retention Association, explains a recent ruling by the Georgia Supreme Court and clarifies a recent change to Washington, DC, captive law.

  • Editor John Foehl provides an update on Connecticut's recent passage of Senate Bill 377, authorizing agency captive insurance companies.

  • Adrian Lynch, managing director at Aon Insurance Managers (Cayman) Ltd., shares what he makes of the new UK Sanctions and Money Laundering rules.

  • Ian Davis, MPA, director of Financial Services, state of Vermont, Department of Economic Development, gives an overview of the latest Vermont law update that proposes help for the insurance industry to address the Base Erosion and Anti-Abuse Tax by offering an onshore alternative to some Bermuda structures.

See a complete list of the July 2018 CICR headlines, with links for subscribers. If you subscribe to CICR, you can access the July issue on IRMI Online or Vertafore ReferenceConnect (aka SilverPlume).

If you don't subscribe to CICR, learn more about it and subscribe!

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