Captives

While entry-level risk managers are taking advantage of courses to learn the fundamentals of insurance, high-level professionals are looking to hone specialized skills and broaden their horizons.

ERM has evolved from a fad into a robust discipline that is here to stay.

The State of Vermont said it licensed 33 new captive insurance companies in 2010, down from the 39 it licensed in 2009.

A bill that will allow captive insurers in New Jersey passed both houses and is on its way to Gov. Chris Christie for signing, which is expected to happen this month.

Regulatory compliance is next in line for Congress. Until Congress acts, insurers watch, wait, and envision what change will mean.

After many months of wrenching debate, Democrats in March finally succeeded in getting health care reform legislation to the finish line.