Insurance Reform: Little Effect On Captives — So Far

Law360, New York (October 2, 2009, 1:06 PM EDT) -- The worldwide financial crisis and the very ambitious agenda of the Obama administration have kept Congress extraordinarily busy. Will any of this frenetic activity have any effect on the regulation of captives?

Individual states have always handled insurance regulation in the United States with multistate issues being considered through the good offices of the National Association of Insurance Commissioners (“NAIC”). Congress is now considering the reorganization of regulation of the entire financial services industry.

Insurance is only a relatively small part of that entire industry. Commercial...
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