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Captive Insurance Update | Fall Edition 2021 | Downs Rachlin Martin PLLC

Captive Insurance Update | Fall Edition 2021 | Downs Rachlin Martin PLLC
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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FreightWaves Flashback: US may set aside 30% of oil for US ships

FreightWaves Flashback: US may set aside 30% of oil for US ships
1974: Bills of this type have had rough sledding in years past, but the Arab oil squeeze and its implications in the nation’s total economic and transportation picture eased the way for possible passage this year.
0 17 7 minutes read
Image: Jim Allen (FreightWaves)
FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to fwclassics@freightwaves.com.
The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. ....

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Scene in Edmonds: Ferry at sundown

MY EDMONDS NEWS
Posted: May 7, 2021
The M/V Spokane departs from Edmonds on its way to Kingston.
Photos of the M/V Spokane leaving Edmonds for Kingston at sunset Friday night. Fun facts: This Jumbo-class ferry was built in 1972 at Todd Shipyards in Seattle. Named after the Spokane tribe, the ship can carry 188 vehicles and 2,000 passengers. It is powered by four diesel-electric engines that generate 11,500 horsepower.
Photos by David Carlos ....

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Captive Insurance Update | Spring Edition | 2021 - A summary of state and federal developments in the captive insurance industry | Downs Rachlin Martin PLLC

Continued Impact of COVID-19
The measures taken by the Vermont Department of Financial Regulation (the “DFR”) in 2020 in response to the COVID-19 pandemic have been extended through 2021. These include a recognition that in-person board meetings in Vermont may not be feasible until travel restrictions have been relaxed. Captives are invited to request a waiver of the physical presence requirement for their 2021 annual meetings.
2021 Captive Legislation
Despite its focus on the State’s COVID-19 response, the Vermont legislature is on track to pass its annual captive “housekeeping” bill, which was jointly proposed by the DFR and the Vermont Captive Insurance Association. The current version of the bill includes the following notable provisions: ....

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The Oliver Hazard Perry-class: The Best U.S. Navy Frigate Ever?

Enterprise (CVN-65), the first nuclear-powered aircraft carrier. Even the Navy s workhorse
Arleigh Burke-class destroyers (DDGs) will likely find a place in history given the role these have played in recent conflicts.
The same likely may not hold true for the
Oliver Hazard Perry-class of low-cost gas turbine-powered anti-submarine warfare (ASW) frigates, which could also perform the secondary role as anti-aircraft (AA) and anti-surface ship warfare (ASuW) vessels. Designed to provide escort protection for other ships, the Navy has said these proved to be the “little ship that could” for enduring missions over the course of nearly four decades. The frigates conducted maritime interdiction operations, counter-narcotic efforts, and engagements with partner navies thus fulfilling the Navy s Cooperative Strategy for 21st Century Seapower or Maritime Strategy. ....

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