Legal Developments

Fitch: ACA Ruling Effect on Insurance Uncertain

January 7, 2019

According to Fitch Ratings, the ultimate effect on the health insurance industry of December's federal court ruling that deemed the Affordable Care Act (ACA) unconstitutional is unclear, and what is expected to be a lengthy appeals process will follow. Read More

831(b) Captive Owners File Lawsuit Against Gallagher and Artex

December 14, 2018

Arthur J. Gallagher & Co. and its captive management unit, Artex Risk Solutions Inc., are being sued by a group of small employers alleging they have had to pay back taxes and other penalties to the Internal Revenue Service, involving their participation in 831(b) captives. Read More

Veto Overridden on Illinois Legislation Containing Captive Provisions

November 28, 2018

Illinois lawmakers Tuesday overrode an earlier gubernatorial veto of legislation that will set new minimum capital and surplus requirements for captive insurance companies licensed in Illinois. Read More

Barbados Repeals Exempted Insurance Act, Captives Maintain Zero Tax

November 21, 2018

The government of Barbados has announced a number of legislative measures as it moves toward tax convergence of the country's international and domestic business sectors. Captive insurers will maintain zero taxation. Read More

RIMS White Paper Explores 2018's Top 6 Legal Developments

November 15, 2018

A new RIMS report, titled "Top Six Legal Developments of 2018," highlights the most significant legal decisions of 2018 and explores their relevance to the risk management community. Read More