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FOR IMMEDIATE RELEASE
OLDWICK - AUGUST 14, 2014 02:18 PM (EDT)
This episode of A.M.BestTV wraps up the second day of the annual Vermont Captive Insurance Association (VCIA) Conference, which brings together brokers, consultants, insurers, captive owners and managers to discuss alternative risk transfer. In this episode, regulators and industry experts say that significant growth in the captive industry, along with the growing number of U.S. states competing for captive business, means more options exist; however, they worry it could lead to inconsistent regulatory oversight.
At the conference, it was stated that Montana now has 150 captives; North Carolina, nine and New Jersey, 17, and all are steadily growing. With this in mind, Fred Eslami, senior financial analyst for A.M. Best stated that with the explosion in captives (as more than 35 states currently have captive laws), A.M. Best is concerned that this could lead to a downturn in regulatory oversight, which would be detrimental to the industry.
Click on http://www.ambest.com/v.asp?v=vcia2814 to view the video program. Full conference coverage can be seen at http://www.ambest.tv/vcia.
Other people who appear in this episode include:
Full-length interviews from day two of the event also are available for viewing:
Recent episodes of A.M.BestTV include:
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