Legal Developments

Georgia Legislature Authorizes Cell Captive Formation

April 4, 2019

On April 2, the very last day of its 2019 session, the Georgia Legislature gave final approval to a measure updating the state's captive insurance company statute. The measure, HB 99, authorizes the formation of cell captives. Read More

House Financial Services Committee Passes SAFE Banking Act

March 29, 2019

The House Financial Services Committee recently voted 45 to 15 to pass H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019. The bill allows marijuana-related businesses in states with existing regulatory structures to access the banking system. Read More

Gallagher Seeks To Compel Arbitration with 831(b) Captive Owners

March 26, 2019

In an effort to compel arbitration, Arthur J. Gallagher & Co. and other defendants recently made joint motions in response to a lawsuit seeking class status filed in December 2018 by a group of 831(b) captive owner plaintiffs. Eversheds Sutherland provides a brief description of the matter as it stands currently. Read More

New Legislation Aims To Increase North Carolina Captive Insurers

March 5, 2019

Captive insurance companies that redomesticate to North Carolina would be exempt from state premium taxes under recently introduced legislation. Read More

New Effort To Be Launched To Expand RRG Coverages

January 28, 2019

A new drive is expected to try to convince federal lawmakers to pass legislation to expand coverages that Risk Retention Group (RRG) can offer to their policyholder-owners. Since 2006, lawmakers have discussed, during every congressional session, expanding the Risk Retention Act to allow RRGs to write property coverages. Read More