Regulation and Oversight

This episode explores captive insurance advocacy at both the state and federal levels. The discussion examines Vermont Legislative Day; Hill Day in Washington, DC; Terrorism Risk Insurance Act reauthorization; National Association of Insurance Commissioners developments; and how the Vermont Captive Insurance Association (VCIA) sets priorities to proactively support and protect the captive insurance industry. Read More

The Federation of European Risk Management Associations (FERMA) has called for excluding insurance policies from the scope of the European Union (EU) Public Procurement Directives. FERMA argues that the current EU public procurement framework is poorly suited to the needs of public sector organizations purchasing insurance. Read More

The Prudential Regulation Authority (PRA) identified development of a UK captive insurance regime as a 2026 priority. In a letter to insurance chief executives, PRA leaders said a consultation is planned for summer 2026, with the regime expected to launch in 2027. Read More

The National Association of Insurance Commissioners (NAIC) supports a bill to eliminate the Federal Insurance Office (FIO) and reinforce state authority over insurance regulation. Introduced by Rep. Troy Downing, the legislation would also give state regulators voting rights on FSOC, reflecting efforts to maintain the long-standing state-based oversight model established by the McCarran-Ferguson Act. Read More

An Oklahoma attorney general (AG) opinion concludes that the state and its political subdivisions may form and own captive insurance companies to insure their own risks. The opinion clarifies constitutional concerns while noting that public entity captives must be carefully structured and remain subject to existing captive insurance licensing and oversight requirements. Read More