2005 to see its share of captive controversies: GAO evaluation, TRIA debate, Spitzer probe, softening market will all have impact.(Alternative Markets)(Terrorism Risk Insurance Act of 2002)

National Underwriter Property & Casualty-Risk & Benefits Management, December, 2004 by Myers, Robert H., Jr.

WHILE IT'S STILL TOO EARLY to ring in the New Year, it is never too early to start planning for it. In 2005, the alternative risk-transfer community will be confronted by a variety of issues and developments, some of which are perking along already. Although the following "hot" topics are in no particular order of importance, their impact may be substantial, depending on the events that unfold in 2005.

* Sarbanes-Oxley: The impact of Sarbanes-Oxley is being felt already by traditional insurers. The National Association of Insurance Commissioners Working Group on Sarbanes-Oxley has been meeting and will adopt accounting and management requirements that will be imposed on insurers by their individual states of domicile. The cost of implementing these...

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