Legal Developments

Latest Risk Retention Group Expansion Effort Faces Slim Chances

August 2, 2018

A new legislative effort is being launched to expand the coverages that Risk Retention Group (RRG) can offer to their policyholders, but that drive has yet to garner broad congressional support. Under the current expansion proposal, H.R. 6292, RRGs could, if certain conditions were met, also offer property coverage. Read More

NFIP Reauthorized with Continued Calls for Reform

July 26, 2018

The US House of Representatives has extended the National Flood Insurance Program (NFIP) until November 30, 2018. Many inside and outside of the insurance industry have pushed for long-term reforms to the program, such as enhancing existing technology, streamlining and simplifying the NFIP for policyholders, and developing private market options. Read More

US House Passes International Insurance Standards Act of 2018

July 12, 2018

The US House of Representatives passed the International Insurance Standards Act of 2018 (H.R. 4537) on July 10, 2018. The legislation is intended to preserve the US state-based system of insurance regulation while giving Congress greater oversight of and transparency in international insurance standard-setting negotiations. Read More

Captive Insurance Industry Insights into the "Reserve Mechanical" Case

June 26, 2018

As a follow-up to our previous posts on "Reserve Mech. Corp. v. Commissioner," recently touched base with a number of captive insurance industry professionals to share their insights on the Tax Court's decision. Here are their thoughts. Read More

The DOL Issues Final Rule on Association Health Plans

June 21, 2018

The US Department of Labor (DOL) issued its final rule on association health plans (AHPs) in "Definition of 'Employer' under Section 3(5) of ERISA-Association Health Plans." According to the DOL, AHPs permit small employers and self-employed individuals to join together in purchasing health insurance. Read More