Vermont's Provost: Proposed Bill Reduces Taxes for New Captives

7:29

David Provost, deputy commissioner, Vermont Captive Insurance Division, said a proposed tax change in Vermont would lower tax credits and extend them from one to two years for new captives.

 

NRRA's Myers: Soft Market Takes a Toll on Risk Retention Groupsers

Attorney Skip Myers, who serves as general counsel to the National Risk Retention Association, said the number of active risk retention groups has dropped in recent years as some opt for coverage in the commercial market.

 

Montana's Matthews: Proposed Bill Would Allow Captives to Become Dormant

Steve Matthews, captive coordinator, Montana, said a bill in the state's legislature would allow captive owners to shelve their captive temporarily, returning to operation when conditions change.

 

Captive Growth Tied to Cyber, Health Care, Expanding Cells

Attendees of the 2017 International Conference of the Captive Insurance Companies Association said market and regulatory pressures will drive more cyberrisk to captives. Those captives will also be required to meet new cyberrisk standards.
 

Delaware's Kinion: From 38 to 1,000-Plus Captives in Eight Years

Steve Kinion, director, Bureau of Captive and Financial Products, Delaware Insurance Department, said he will be leaving the office at the end of June, but was proud of the department's work.
Copyright © 2018 A.M. Best Company, Inc. and/or its affiliates ALL RIGHTS RESERVED.