North Carolina Captive Insurance Association

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151 Crest Road
Southern Pines, NC 28387

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NCCIA Board News: Milliman Board Elects Mike Meehan As Principal

Milliman’s board of directors has elected Mike Meehan as a principal of the firm, based in the firm’s Boston office. Meehan, who joined Milliman in 1993, has experience with loss reserving, ratemaking, feasibility studies, and financial pro formas for insurance companies, captives, risk retention groups, self-insurance groups, excess insurance pools, municipalities, and Lloyd’s of London …

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April 13, 2021: Senate Commerce And Industry Committee Took Up Senate Bill 347

On Tuesday afternoon (April 13th) the Senate Commerce and Industry Committee took up Senate Bill 347, our captive insurance amendments bill. Committee Co-Chair Senator Todd Johnson (R-Union), aided by NCDOI’s Debbie Walker, explained the bill to the committee. Senator Johnson highlighted the Premium Tax Holiday which was well received by committee members. After several supportive …

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The “In Person” NCCIA Annual Conference is on go for August 30 through September 1, 2021

at Durham’s Washington Duke Inn and Golf Club on the campus of Duke University. Tired of looking at the same four walls? Had all the video conferences you need for a lifetime? It has been over a year since the industry has been able to have an in-person meeting on the east coast. So put …

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Earlier today S.B. 347 was introduced in the North Carolina General Assembly

(SOUTHERN PINES)……Earlier today S.B. 347 was introduced in the North Carolina General Assembly and referred to the Senate Committee on Commerce and Insurance. The legislation has three primary sponsors, Senators, Todd Johnson (R-Union), Tom McInnis (R-Richmond) and Chuck Edwards (R-Henderson). Those Senators are also the Co-Chairs of the Commerce and Insurance Committee. According to NCCIA …

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The Last Week In February Began To Bring Good News In The Nation’s Fight Against The COVID-19

The last week in February began to bring good news in the nation’s fight against the Covid-19 virus with some experts speculating that we are moving rapidly toward “herd immunity” to the virus. All Americans would welcome that event including the captive insurance industry. Plans are progressing for the 2021 Annual Conference of NCCIA scheduled …

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The North Carolina Captive Domicile Has Had Another Year Of Dramatic Growth

(SOUTHERN PINES)…..North Carolina has had another year of dramatic growth in the number of captives choosing the state as their legal domicile. State Insurance Commissioner Mike Causey announced that the number of risk- bearing captive entities licensed or approved (including conditional licenses and approvals) since inception through year-end 2020 exceeded the 1000 milestone rising to …

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CIC Services, LLC

CIC Services, LLC is a Risk Management consulting firm, specializing in the utilization of Captive Insurance Companies (CICs) to help organizations achieve their overall Enterprise Risk Management goals. We have been helping business owners manage risk through CIC ownership since 2005 by providing superior expertise, and full-service, turn-key captive management services. Our principals have over a century of combined experience in the insurance industry. We understand the …

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Strickland Hardee, PLLC

Strickland Hardee PLLC provides audit, taxation, and advisory services to captive insurers and risk retention groups. Our insurance services group is geared to meet the needs of the clients and stakeholders we serve. Our professionals serve a growing number of captive insurers, RRGs, and captive managers throughout the United States with a high level of …

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Long Awaited Oral Arguments In CIC Services v. IRS Before The Supreme Court Of The United States 12/1/2020

(SOUTHERN PINES)…..The long awaited oral arguments in CIC Services v. IRS before the Supreme Court of the United States (SCOTUS) were held on Tuesday, December 1, 2020. Attorney and past NCCIA President W.Y. Alex Webb (Webb & Morton) and Association Co-founder R. Lane Brown III monitored the arguments for the Association. The NEWSLETTER is appreciative …

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North Carolina Captive Insurance Program Wins U.S. Captive Review Award For 2020

(Southern Pines)….Winners of the CAPTIVE REVIEW US Awards were announced on Wednesday, October 7 in a virtual awards ceremony. In the category Domicile of the Year – less than $5bn gross premium the North Carolina Captive Insurance program was declared the winner for the 2020 Award. The independent judges who made the selection stated that, …

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