Featured News

TxCIA Conference 2015

Captive Cost Considerations Enumerated at TxCIA Conference

The costs of the services and fees necessary to support captive insurance programs are defined and discussed in this report from the Texas Captive Insurance Association 2015 Annual Conference.
February 26, 2015 Read More
Washington DC Skyline

Consider Future Financial Exam Costs When Choosing a Captive Domicile

Financial exam fees passed through to captive insurers vary from domicile to domicile; consider them in feasibility studies.
February 05, 2015 Read More
World Captive Forum 2015 Banner

Captive Insurers Can Facilitate ERM Programs

World Captive Forum 2015 speakers explain how a captive insurance company can be used to support an enterprise risk management (ERM) program.
February 04, 2015 Read More

Hot Topics

IRS Building

IRS Dirty Dozen Abusive Tax Structures Single Out Micro-Captives

In IR-2015-19, the IRS explained that 831(b) micro-captives may be considered abusive tax structures and outlined determining criteria.
February 06, 2015 Read More
WCF Medical Stop Loss Panel

Medical Stop Loss in Captives

Placing medical stop loss coverage in a captive insurance company can provide substantial savings to employers.
February 06, 2015 Read More

Reinsurance Markets, Captives, and Generative Thinking

Over the last month Captive Wire and Captive.com have highlighted a series of headlines suggesting that the fundamentals underlying the global reinsurance market are changing. John Foehl, coeditor of Captive.com and Captive Wire, suggests generative thinking is one means of considering what these changes mean for captives.
September 25, 2014 Read More

Underwriting Note: Another State Invalidates Caps on Some Punitive Damages

Last week a 7-0 Missouri Supreme Court decision invalidated the state cap on some punitive damages. The supreme court restored the judgment of a lower court because the plaintiff had filed a claim as a common law fraud, which existed in Missouri since the first state constitution was written.
September 17, 2014 Read More

Recent News

Progressive Turns the Carrot into a Stick

Auto Insurance 
Progressive Corp. has announced a major policy shift that will penalize poor drivers instead of just rewarding good drivers as part of its revolutionary driver electronic monitoring program, according to a March 26, 2015, article on the Claims Journal website.
April 01, 2015 Read More

ILS Sector To Join Mergers and Acquisitions Trend

Mergers and Acquisitions 
In a recent article published on the Intelligent Insurer website, the CEO of Aon Benfield Securities speculates that the recent mergers and acquisitions trend among the insurance and reinsurance industry will inevitably carry over to the exploding fields of insurance-linked securities (ILS).
March 31, 2015 Read More

U.S. Legislators and Regulators Tackle Cyberliability Standards

Intelligence committees in the U.S. House and Senate have each advanced similar bills aimed at encouraging businesses and the federal government to share information on known cyberthreats.
March 30, 2015 Read More

Captive Best Management Practices

Whiteboard Business Strategy Management 
Tom Cifelli of Captive Experts, LLC, recently published this article of best practices for captive management. Mr. Cifelli outlines initial documentation and feasibility studies, followed by governance, communication, operations, and regulatory practices.
March 27, 2015 Read More

The State of Cyberliability

Cyber Password Security 
Three recent articles exemplify the state of the cyberliability line of coverage. In its nascent evolution, there exists an enormous amount of uncertainty, but therein lies the need for risk transfer contracts. Additionally, insurance veterans and company owners are terribly ill equipped to even understand the risk, let alone grapple with responsible and reasonable underwriting. Our interconnected digital world makes communication and education ubiquitous but allows the malevolent to wreak havoc across millions of people’s lives and businesses.
March 26, 2015 Read More

Towers Watson Releases Predictive Modeling Survey Results

Towers Watson (TW) recently released the results of its Predictive Modeling Survey, which shows an increased but still inconsistent use of predictive modeling across the property and casualty insurance industry.
March 25, 2015 Read More

NAIC Issues Accreditation Preamble Clarification

Meeting Agenda 
National Association of Insurance Commissioners (NAIC) committee leaders have issued a clarification related to a proposed new Preamble to the Part A: Laws and Regulations accreditation standards.
March 24, 2015 Read More

Vermont Captive Legislative Proposal Progresses

Vermont State Capitol 
A bill that, if passed, would change some restrictions for establishing a captive in Vermont is progressing through the state's legislative process.
March 23, 2015 Read More

Reinsurance Influence on Governance

Empty Board Room Conference Table 
Captive and self-insurance pool boards, executives, and managers can attest to the complexity of the reinsurer relationships and the impact those relationships have on their governance and operations of their captive. A recent Connecticut Insurance Law Journal article analyzes reinsurer-public entity pool relationships through empirical research.
March 20, 2015 Read More