A government watchdog group has sent a letter to congressional committees in charge of financial oversight asking them to challenge the government’s reliance on financial self-regulatory organizations like the Financial Industry Regulatory Authority (FINRA).

U.S. captive insurers’ net income declined 66% last year, according to new research by A.M. Best Co.

The ratings service report on 186 captives companies found that realized losses were $1.2 …  Read →