Captives

A year-long legal battle with Nevada regulators has paid off for a risk-retention group in the form of a decision that should set a precedent for all RRGs, a trade association says.

A year-long legal battle with Nevada regulators has paid off for a risk-retention group in the form of a decision that should set a precedent for all RRGs, a trade association says.

The Prudential New Jersey Captive Insurance Co. (NJCAP) has been approved as the first captive insurer to be licensed in the state, according to the New Jersey Department of Banking and Insurance.

The Prudential New Jersey Captive Insurance Co. has been approved as the first captive insurer to be licensed in the state, according to the New Jersey Department of Banking and Insurance.

An amendment to the federal Liability Risk Retention Act that would allow inclusion of commercial-property coverage in risk-retention groups has been introduced in the House of Representatives and awaits further action, according to the office of Rep. Peter Welch, D-Vt.

Enterprise risk management (ERM) has come a long way in a short time. Just a few years ago, the question was whether ERM was really even relevant. Today, a growing perception that ERM is a business discipline that can advance an organization’s big-picture objectives is driving higher adoption rates across...

How does The Walt Disney Co. handle its risks? By considering risk “at both the business-unit level and from an enterprise-wide point of view,”…

Michael Liebowitz, director of insurance and risk management for New York University, began an ERM program for his institution in 2010. Here’s a look at how he started the program—and the benefits it is already delivering.