The US Second Circuit Court of Appeals has ruled that the federal Liability Risk Retention Act (LRRA) categorically preempts a New York State statute that allows a direct action lawsuit against a risk retention group...
Connecticut insurance and business leaders are eagerly watching Senate Bill 188, which contains provisions updating the state’s captive laws, ensuring they remain on par with those of the top domiciles in the country...
The National Association of Insurance Commissioners (NAIC) has renewed its support for federal, state and international regulatory cooperation in its 2013 annual report...
The quarrel between the NAIC and New York insurance regulators as to how captives should be best overseen is creating an uncertain regulatory environment, said Fitch Ratings...
Connecticut’s insurance department has put forward Senate Bill 188: An Act Concerning Captive Insurance Companies (SB 188), in order to adjust the current captive legislation...
Hong Kong’s Legislative Council has passed Inland Revenue Bill 2013 (Amendment) (No. 3) in order to provide a tax concession for captive insurers to enjoy a 50 percent reduction in the profits tax on their insurance business of offshore risks...
The US Senate Banking, Housing and Urban Affairs Committee has heard from industry experts about the importance of extending the federal terrorism insurance backstop, which expires at the end of 2014...
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