Market News
MCIA Says New Measure Makes Montana a More Competitive Domicile
The Montana Captive Insurance Association (MCIA) has applauded Governor Greg Gianforte's signing of a bill the group calls a victory for the association on behalf of its members and the state’s growing captive insurance domicile. The measure explicitly protects captive insurers from third-party bad faith claims. Read More
While Some Commercial Lines Stabilize, Captive Resurgence Continues
While the stabilizing trend across most commercial insurance lines that began in 2022 is continuing, increased use of captive insurance is as well, according to a new report from Willis Towers Watson. In addition to the continued use, captive owners are increasingly putting additional coverage lines into their captives. Read More
Florida Legislative Session Ends without Passage of RRG Bill
Florida lawmakers have concluded their legislative session without giving final approval to a bill that the National Risk Retention Association said would have discriminated against risk retention groups (RRGs) writing commercial auto coverage in the state. Read More
Tennessee Reaches Licensing Milestone with 1,000th Risk-Bearing Entity
Tennessee has just licensed its 1,000th risk-bearing entity, which includes captive insurance companies, the Tennessee Department of Commerce and Insurance has announced. Tennessee has seen tremendous growth as a captive domicile. Tennessee's 2022 captive count was 150, up from 136 in 2018. Read More
May "CICR" Analyzes Significance of R.V.I. Case
Don't miss the May issue of "Captive Insurance Company Reports" ("CICR"), which takes a look at a major court ruling that addressed a challenge to the question of insurance, providing an answer to the question of insurance risk. Read More