Captive Insurance News

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Corporate Governance: Free Survey Report

Corporate Regulation and Governance in Captives

A FREE 24-page special survey report from

Delve into captive insurance governance matters including board attributes, board structure, and board accountability. With 30 years of insurance experience from the auditing, regulatory, and management side, Derick White, managing director of corporate governance and regulation for Strategic Risk Solutions, offers key insights into captive board governance.

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  Medical Professional-SF

All Stakeholders in Medical Malpractice Liability under Pressure

Findings from the "2019 Aon/American Society for Health Care Risk Management Hospital and Physician Professional Liability Benchmark Analysis" showed that while hospital professional liability (HPL) claims frequency has stabilized in recent years, HPL claim severity (inclusive of defense costs) is growing at a rate of 2 percent annually.
October 21, 2019 Read More
  Audit IRS or Financial-SF

The IRS's Settlement Offer to Micro-Captive Insurance Companies

To begin dealing with the swell of micro-captive cases amid shrinking resources, last month the Internal Revenue Service (IRS) issued a notice announcing the mailing of a settlement offer for certain taxpayers under examination for participating in "abusive micro-captive insurance transactions." Brown Smith Wallace discusses the issue.
October 21, 2019 Read More
  Cyber Burglar

Ransomware Attacks for 2019 Outpacing the Number of Incidents in 2018

In its latest "Cyber InFocus Report," titled "Adapting to the New Realities of Cyber Risks," Chubb provided insight into the recent growth of ransomware attacks across industries and underscored best practices companies should take to combat the associated risks.
October 18, 2019 Read More
  Workers Comp 480x377

WCRI Studies Look at Workers Compensation Medical Costs in 18 States

A new set of Workers Compensation Research Institute (WCRI) studies examine trends in payments, prices, and utilization of medical care for workers injured on the job in 18 states. The studies analyze recent costs and trends, reporting how medical payments per claim and cost components vary over time and from state to state.
October 18, 2019 Read More
  Vermont Flag 480x377

UVM Health Network Captive Redomiciles from Bermuda to Vermont

Another major organization, the University of Vermont (UVM) Health Network in Burlington, has redomiciled its medical malpractice captive insurer, VMC Indemnity Company, Ltd., from Bermuda to Vermont. The relocation of the captive, which was first licensed in Bermuda in 1993, was applauded by Vermont Governor Phil Scott.
October 17, 2019 Read More
  Terrorism Question Marks 480x377

NAIC and APCIA Urge Congress To Reauthorize TRIP

On behalf of the National Association of Insurance Commissioners (NAIC), Chlora Lindley-Myers, director of the Missouri Department of Commerce and Insurance, testified on October 16, 2019, before Congress at a hearing titled "Protecting America: The Reauthorization of the Terrorism Risk Insurance Program (TRIP)."
October 17, 2019 Read More
  Whats Your Story-SF

What Is Your Captive's Story?

With a very low unemployment rate, the need to compete for talent is imperative for captive insurers. We look at how a compelling story can help this effort and the five keys to success with specific emphasis on how captives should think about this process.
October 16, 2019 Read More
  Foundation Repair-SF

Crumbling Foundations Captive Finalizes Participation for 61 Homeowners

The so-called crumbling foundations captive said it recently finalized program participation agreements for 61 homeowners previously awaiting funds (since June 19) from the captive that would allow them to begin scheduling contractors to work on their homes.
October 16, 2019 Read More
  Man Briefcase Door City

Texas Captive Regulators Maintain an Open Door Policy

There are currently 43 captive insurance companies licensed in Texas, and the domicile expects to have at least 44 captives in the state by the end of 2019. Texas regulators say the department successfully manages the volume of captive formation inquiries and maintains an open door policy.
October 15, 2019 Read More
  Mergers and Acquisitions

Bingham Greenebaum Doll and Dentons Combine

Bingham Greenebaum Doll will combine with Dentons, the world's largest law firm.
October 15, 2019 Read More
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