New Jersey recently licensed its second captive insurance company, created by two medical centers under a law passed earlier in the year.

The Captive Insurance Council of the District of Columbia (CIC-DC) 10th annual conference, featuring a variety of sessions, including a look at how the health reform law will affect professional liability coverage, is scheduled for Oct. 24-25 at the Madison in Washington, D.C.

Lawley Insurance, a regional insurance broker serving New York and New Jersey, was ranked for the first time among the Top 50 agencies in the country in this year’s annual listing in Business Insurance magazine, the company reported.

New Jersey issued a certificate of authority, effective July 1, to its first captive insurance company, according to state insurance regulators.

New Jersey Gov. Chris Christie signed into law a bill permitting the state to become a domicile for captive insurance companies. The law takes effect in 90 days.

New Washington, D.C., Mayor Vincent C. Gray named Bill White as his insurance commissioner, replacing Gennet Purcell.

Capstone Associated Services announced the founding of The Institute for Captive Insurance Planning (ICIP), a nonprofit organization for advisers providing captive insurance services to middle-market companies.

U.S. captive insurers saw their net income double in 2009, compared to the prior year, driven primarily by the recovery of their investment portfolios, according to an A.M. Best Co. report.

The founder of a Red Bank, N.J., a managing general agency has pleaded guilty to one count of insurance fraud in connection with fraudulent statements in an application to operate as a captive insurance company in Washington, D.C., according to federal prosecutors.

The Delaware Department of Insurance recently announced the re-domestication of Marathon Financial Insurance Co. from South Carolina as the state’s latest captive insurer.