Regulation and Oversight

Washington House Bill 1842 proposes allowing public utility districts (PUDs) to form captive insurers for improved risk management. The bill has passed committee review and awaits further legislative action. If enacted, it could provide PUDs with a cost-effective alternative to traditional insurance. Captive.com will monitor ongoing developments. Read More

Georgia's tort reform proposal seeks to revise liability standards, regulate litigation funding, and stabilize insurance costs. The plan, backed by state leaders, aims to create a fairer legal system while maintaining business competitiveness. Lawmakers and industry stakeholders are closely monitoring its potential impact on insurers and the broader economy. Read More

Delaware Insurance Commissioner Trinidad Navarro issued artificial intelligence (AI) guidance for insurers, aligning with the NAIC Model Bulletin. The bulletin highlights compliance with existing regulations and addresses risks like bias, transparency, and data security. It also reaffirms the state's authority to examine AI systems during market conduct investigations and examinations. Read More

The Solvency II amendments introduce key changes for captives, including proportionality adjustments, reduced capital requirements, and streamlined reporting for small and noncomplex undertakings (SNCUs). In this episode, Joel Appelbaum and Alex Gedge discuss the impact of these regulatory updates, their effect on captives, and strategies for adapting to evolving compliance and environmental, social, and governance requirements.  Read More

The revised Solvency II framework introduces proportionality measures and reduced capital requirements for EU captives. By addressing governance, reporting, and risk management, these changes aim to alleviate regulatory burdens while enhancing stability and flexibility. Captives are expected to benefit from tailored regulations that align with their unique risk profiles and operational scope. Read More