North Carolina Captive Insurance Association

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151 Crest Road
Southern Pines, NC 28387

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NCCIA Board Elects New Members to Board and 2021/22 Officers

At the Association’s Annual meeting on May 14, 2021, the Board named Matt Holycross (Taft Companies) as Chairman for 2021/22. Diana Hardy (R&H CPA’s) Vice Chair, Morgan Doughty (Atlas), Secretary and David Littlehale (SRS) as Treasurer. Holycross, the incoming chair said “I am excited to have the opportunity to lead this dynamic association in America’s …

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North Carolina Captive Insurance Association Announces Opening Plenary Session

SCOTUS Ruling For The CIC Services v. IRS The Long awaited Supreme Court Decision in the CIC v Internal Revenue was handed down on Monday, May 17, 2021. The behind the scenes developments in the CIC v IRS case will be the subject of the Opening Plenary Session at the “in person” NCCIA Annual Conference …

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WE’RE ON FIRST!

The NCCIA Annual Conference will kick off on August 30th at Durham’s Washington Duke Inn & Golf Club. We are going to release the FIRST exciting details in this space over the days ahead. Stay tuned to be FIRST……And by the way, pack your suitcase, brush up your social skills, register now to be the FIRST in …

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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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