Legal Developments

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

Survey Tracks Global Cyber-Risk Perception Leading into GDPR Implementation

February 27, 2018

The upcoming implementation of the European Union's General Data Protection Regulation (GDPR), that takes effect in May 2018, has elevated cyber risk to the top of the corporate agenda for organizations doing business in Europe according to a Marsh report titled "GDPR Preparedness: An Indicator of Cyber Risk Management." Read More