Burlington, VT— A United States district court ruled in favor of the Alliance of Nonprofits for Insurance Risk Retention Group (ANI), a Vermont-domiciled risk retention group against which Nevada regulators had issued an order to stop writing first-dollar auto liability insurance in its state.

Burlington, VT— With more than 5,200 captive programs throughout the world, competition for captives' business has increased dramatically. Today, more than half of U.S. states have captive insurance legislation, joining new and existing domiciles around the world to make the choice more difficult for captive owners and managers.

 

 

Burlington, VT— With legislation unanimously passed by Tennessee's House and Senate that modernizes the state's captive insurance statutes and seems certain to become law, U.S. captive domiciles promise to become even more competitive. Because the law is expected to allow captives to write worker's compensation insurance, possibly without fronting, it will also be innovative.

Burlington, VT—The industry's leading risk and insurance management associations joined in unison to praise the introduction of HR 2126 into the U.S. House of Representatives, Friday, June 3. The bill was referred to the House Committee on Financial Services. This action ends two years of waiting for this bill to arrive in Congress. For at least the last decade, risk managers have sought relief to stop discriminatory practices by some states against risk retention groups.

Burlington, VT—The Towner Management Group (TMG) is proud to announce that Len Crouse, who continues with TMG as a Partner, has been named concurrently a senior advisor and associate for Hanover Stone Partners, LLC.

Burlington, VT—When the 7th Annual Captives & Corporate Insurance Strategies Summit is held June 1-2 at the Metropolitan Hotel in Toronto, The Towner Management Group will have an outsized presence.

Burlington, VT—For years, risk retention groups (RRGs) have incurred unnecessary costs and wasted valuable time complying with some non-domiciliary states' demands that run contrary to federal law. Now, thanks to a confluence of events, RRGs may soon operate in the way federal law intended when the Liability Risk Retention Act (LRRA) of 1986 was enacted, according to a new thought leadership paper by Len Crouse, Partner with The Towner Management Group.

 

When the Risk & Insurance Management Society (RIMS), Inc. holds its 2011 Conference and Exhibition from May 1 to May 5 at the Vancouver Convention Center in British Columbia, Canada, The Towner Management Group (TMG) will be well represented.

 

With a cocktail party for employees and visiting dignitaries this past weekend at its St. James House headquarters, The Towner Management Group (TMG) continued what promises to be an eventful 20th anniversary year. The year started on April 3rd with a church service at the historic St. James Parish Church in Holetown that was attended by staff, family and friends.