Regulation and Oversight

Arkansas Moves Forward with State-Owned Captive to Insure Public Property

June 18, 2025

Arkansas has approved the formation of a state-owned captive insurance company to insure public schools, higher education institutions, and state agencies. Backed by $136 million in funding, the program centralizes risk and engages the reinsurance market directly to manage rising premiums and improve long-term property insurance stability. Read More


Bermuda Permits Captive Insurers to Use Stablecoins Under New BMA Policy

June 17, 2025

A recent Appleby insight outlines a new Bermuda Monetary Authority (BMA) policy allowing captive insurers to use recognized stablecoins for key functions. Limited purpose insurers may now hold stablecoins for premiums, claims, and capital—up to 25 percent of their base—subject to BMA approval, without requiring a digital asset license. Read More


Connecticut Approves Captive Bill on Protected Cell Use

June 9, 2025

Connecticut's HB 6433 expands captive insurance flexibility by permitting conversions into protected cells, enabling transfers between sponsored captives, and authorizing the Insurance Commissioner to address insolvent cells separately. Read More


NAIC Opposes Federal Moratorium on AI Regulation in Insurance Sector

June 9, 2025

The National Association of Insurance Commissioners (NAIC) opposes a proposed 10-year federal moratorium on artificial intelligence (AI) regulation in insurance, warning it would hinder state oversight and disrupt current regulatory authority. The organization urges the Senate to remove the provision, citing concerns over consumer protection, federal preemption, and the need for continued supervision of emerging insurance technologies. Read More


Georgia Expands Captive Insurance Framework with Enactment of House Bill 348

May 22, 2025

Georgia House Bill 348 modernizes the state's captive insurance code by expanding underwriting authority, defining "sponsor" for limited purpose subsidiaries, and broadening the definition of "controlled unaffiliated business." The legislation is designed to strengthen Georgia's appeal as a captive domicile and align its framework with other competitive jurisdictions. Read More