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Florida enacts new captive insurance law

USA - May 1 2012 May 1, 2012 -- Last week, Florida's Governor, Rick Scott, signed legislation providing for the formation of captive insurers interested in providing various types of property and casualty insurance, other than workers' compensation insurance, personal motor vehicle, and residential property insurance.

Steven Kass

New York Insurance Department says "synthetic annuity" is financial guaranty insurance

USA - July 14 2009 The Office of General Counsel of the New York Insurance Department released Opinion Number 09-06-11 holding that a "synthetic annuity" is an impermissible form of financial guaranty insurance.

Stephen Kraus