In our ongoing program to update and improve Captive.com, the Captive Basics section has been expanded with a new article. “What Is a Protected or Segregated Cell Captive?” discusses the advantages and disadvantages of rental captives and describes protected cell captives.
The Captive Insurance Companies Association (CICA) has announced the program for its 2015 International Conference, which will be held March 8–10, 2015 in Orlando, Florida.
Executives, claims professionals, and others serving captives providing workers compensation coverage should read the results of the 2014 Workers’ Compensation Benchmarking Study--Claims Management Operational Study. The study had the benefit of the participation of more than 400 managers, directors, and executive-level claims leaders, a 57 percent increase from the prior year.
The New York Times has reported that life insurers are …”taking advantage of fierce competition for their business among states, which have passed special laws that allow the companies to pull cash away from reserves they are required to keep to pay claims.”
The US Securities and Exchange Commission has recently adopted money market fund rules. The rules are designed to reduce the risk of investor runs on money market funds should another financial crisis occur. The new rules require institutional money market funds to float the net asset value (share price) in such a manner that it reflects the fair value of the investments the fund holds.
In our ongoing program to update and improve Captive.com, the Captive Basics section has been expanded with a new article: “What Is a Micro-Captive?”
The Captive Insurance Division of the Arizona Department of Insurance reported that as of September 30, 2014, the state has 111 licensed captives, a net increase of 5 since the beginning of 2014. With 3 pending applications it is on target to exceed its 2013 rate of growth.
Demotech, Inc., has affirmed the financial stability rating of A, Exceptional, that has been assigned to National Guardian Risk Retention Group.
The 50 most influential figures within the captive insurance industry--along with ones to watch--are identified annually from submissions made to Captive Review. Captive.com would like to extend its congratulations to representatives of its sponsors who were in the "Power 50" and "One To Watch" group for 2014.