Legal Developments

US House of Representatives Approves Extending NFIP and TRIA

December 18, 2019

The House of Representatives Tuesday approved extending the National Flood Insurance Program (NFIP) and the Terrorism Risk Insurance Act (TRIA). Read More

Utah Lawmakers To Consider New Captive Legislation in 2020

December 5, 2019

Utah lawmakers are expected to consider new captive legislation next year. Read More

New Legislation Introduced To Allow Property Coverage in RRGs

November 26, 2019

A new congressional drive has been launched to expand the coverages Risk Retention Group (RRG) can offer to their policyholder-owners. Read More

North Carolina Lawmakers Do Not Renew Action on Captive Legislation

November 21, 2019

North Carolina legislators have ended the 2019 session without taking renewed action, as some had hoped, on legislation that would temporarily exempt captive insurance companies from the state's premium taxes. Read More

House Financial Services Committee Approves TRIP Legislation

November 8, 2019

On October 31, 2019, the House Committee on Financial Services unanimously approved bipartisan legislation to reauthorize the Terrorism Risk Insurance Program (TRIP). The program is currently set to expire on December 31, 2020. The unanimous bipartisan vote suggests the legislation will gain broad support when taken up by the full House. Read More