Legal Developments

OOIDA Risk Retention Group Battles for LRRA Preemption in Georgia

April 9, 2018

The Georgia Supreme Court will rule on the Reis et al. v. OOIDA Risk Retention Group, Inc. case after the Georgia State Court of Appeals transferred the case to the Georgia high court on the constitutional issue of federal preemption. Frequently, these cases center on whether the federal Liability Risk Retention Act of 1986 (LRRA) preempts state law. Read More

SIIA: Legislative Win for Enterprise Risk Captives

March 29, 2018

In a legislative victory for the captive insurance industry, Congress passed, and the president signed into law, key tax clarifications for enterprise risk captives proposed by the Self-Insurance Institute of America (SIIA). The Consolidated Appropriations Act of 2018 is the result of ongoing spending and appropriations debates within Congress. Read More

UK Amends 1993 Reinsurance (Acts of Terrorism) Act

March 27, 2018

The UK government has committed to amend the 1993 Reinsurance (Acts of Terrorism) Act to extend Pool Re coverage to include non-damage business interruption losses resulting from acts of terrorism. Pool Re was founded by the UK insurance industry in cooperation with the UK government. Read More

Captive Domiciles Continue To Fine-Tune Their Captive Statutes

March 21, 2018

Legislators in states with captive insurance company laws are continuing their drive to modify their states' captive insurance company statutes to stay competitive with other domiciles. Read the latest roundup of state captive legislation in 2018. Read More

Fight To Protect Restoration RRG and Other RRGs in Wisconsin Continues

March 12, 2018

In what the National Risk Retention Association says is a win, on January 12, 2018, in a case involving Restoration Risk Retention Group (Restoration RRG), the US Court of Appeals for the Seventh Circuit vacated and remanded the case back to the US District Court for the Western District of Wisconsin. Read More