December 2018

Final Edition of the NC Captive Newsletter for 2018

(SOUTHERN PINES)…..This is the last edition of the NC Captive Newsletter for 2018. It has been quite a year for the captive insurance industry in North Carolina and around the country. Events outside the control of the industry, including dealing with the aftermath of the Avrahami lawsuit and the need to be ever diligent to attend challenges from government and the economy, all required diligence on the part of NCCIA and other captive trade associations throughout the year. Rather than look back on the past year we’ll look forward to what we can expect in 2019 and an approximate timeline for those activities.

2019: The Year to Come

JANUARY: The North Carolina General Assembly returns to Raleigh. While things may look the same on the surface a fundamental change occurred when NC voters did not return a “veto proof” majority of Republicans to Jones Street. The lack of this majority means that there will be more give and take between the legislative leadership and the Governor on more contentious issues such as funding. It also means there will likely be less interest in putting forward social issues such as HB2 that occupied the spotlight in previous legislative sessions. Roy Cooper (D) just will not sign that type of legislation. The captive industry should not overly be affected by this shift as the industry has substantial bi-partisan support as an economic driver.The NCCIA Board holds its first meeting of the year and will put final details together regarding its 2019 legislative agenda. Additionally the Board will make appointments to standing committees of the association.

FEBRUARY: Amendments to the NC Captive act will be introduced in the General Assembly. Hearings on the amendments are possible at this early date.The NCCIA Annual Conference Committee begins work on the 2019 Annual Conference Agenda. A call for submissions of possible topics is posted on the web site.

MARCH: The NCCIA Annual Conference Program is finalized. Sponsorships and Exhibitors are sought. Legislative hearings continue on the NC Captive Practice Act amendments legislation.

APRIL: Legislative hearings continue with the probability of early votes in committee beginning. Hotel registration for the 2019 Annual NCCIA Conference opens on the association website. Location is the newly completely renovated Ballantyne Hotel in Charlotte.

MAY: Registration Opens for the NCCIA Annual Conference August 21-23 at the Ballantyne Hotel in Charlotte. The hotel was closed during the 2018 Conference forcing a move to an Uptown Charlotte location. The renovation of Ballantyne has been described as “spectacular”. Both the guest rooms and public spaces have been renovated plus there have been many “back of house” changes to enhance your enjoyment of the Ballantyne. Hearings on Captive legislation continue. The Association Board of Directors meets for its second Board meeting of the year.

JUNE/JULY: Final votes likely occur on Captive Legislation. Registration for the NCCIA Annual Conference Continues.

AUGUST: The State of the Industry program of the NCCIA Annual Conference kicks off with on Wednesday, August 21 at the Ballantyne in Charlotte with the Opening Plenary Session at 5pm that afternoon. Attendees from around the States and from several foreign countries will be on hand for the kickoff and subsequent two days of meetings. There will be lots new this year so stay tuned throughout the year for updates.

AUGUST-DECEMBER: High season for captive formation. Be a part of the growth in North Carolina domiciled captives. Domicile your captive here.

From Tom, Lane and Diane we wish for you a great and prosperous New Year. We appreciate being a part of your success in our state and look forward to our interactions with you throughout the year to come.
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Copyright © 2018 NCCIA, All rights reserved.

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