Regulation and Oversight
Recent Changes to Vermont Law
Recent changes to Vermont's captive insurance laws allow Vermont captives to accept or transfer risks through parametric contracts. Other recent legislative changes in Vermont include imposing new cyber-security requirements on entities licensed under the state's insurance laws. Read More
Triple-I Comments on SEC Investor Climate-Related Disclosure Proposal
In a letter to the US Securities and Exchange Commission (SEC), the Insurance Information Institute (Triple-I) says that creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures US insurers make to investors. Read More
North Carolina Measure Creates Incentive for Captive Redomestications
North Carolina lawmakers have given final approval to legislation that will give captive insurance companies licensed in other domiciles a new incentive to redomesticate to North Carolina. Earlier, the measure received strong support from the state's insurance regulators. Read More
APCIA Expresses Concerns over New NAIC Climate Risk Disclosure Mandate
The American Property Casualty Insurance Association (APCIA) has voiced concerns over the National Association of Insurance Commissioners (NAIC) recently approved climate risk disclosure mandate. Among the concerns, the APCIA said, was that new proposed survey requirements have a short time frame for implementation. Read More
FERMA Suggests Captives Should Be Regulated as Low-Risk Undertakings
Responding to the European Commission's latest consultation exercise on the revision of Solvency II, the Federation of European Risk Management Associations (FERMA) said that European insurance regulation should automatically treat captive insurance companies as low-risk undertakings. There should be clear reasons to subject captives to fuller regulation, FERMA said. Read More