Corporate, operations, and regulatory business leader and attorney involved in insurance, reinsurance, and self-insurance matters. Mr. Beeghly seeks to help build, acquire, license, operate, and steward risk-bearing entities to leverage his experience with creative solutions to find profitable outcomes.

Steven Beeghly assists insurance and reinsurance companies worldwide and locally in the Pacific Northwest, along with producers and entities needing help with their corporate insurance, risk management and regulatory needs. Mr. Beeghly is involved in many commercial insurance and reinsurance matters, along with captive insurance, risk retention groups, self-insurance, purchasing groups, service contract & warranty, and insurance-related transactions for a variety of clients including public, private, and municipal entities for diverse risks from professional liability to worker’s compensation coverage.

Highlights of Mr. Beeghly’s experience includes officer and counsel at a large independent insurance brokerage, associate attorney at a large Seattle law firm, and attorney for Allianz and Fireman’s Fund Insurance Company representing Fireman’s Fund and Allianz member companies in a wide range of commercial insurance matters, including alternative risk transfer. Highlights of Mr. Beeghly’s operational and executive experience include formerly the Chief Executive Officer of a captive reinsurer and previously independent Director and a shareholder of the holding company of a worker’s compensation insurance company.

Mr. Beeghly currently serves as counsel to numerous insurance companies, insurance brokerages, entities participating in insurance, self-insurance and captive insurance arrangements, and is outside insurance general counsel to insurance companies, including for example a physicians professional liability insurer, a service contract and warranty company for technology, multiple risk purchasing groups, and a start-up commercial insurance company with broad licenses across the country that he has assisted with becoming licensed, licenses expanded, operational, and profitable.

Seattle University School of Law, Juris Doctor degree, Cum Laude.

Attended law school at night while working full-time for Fireman's Fund Insurance Companies - and affiliated Allianz member companies. Extern with General Counsel’s office for SAFECO.

University of Washington. Bachelor of Arts degree.

Activities and societies: Alpha Sigma Phi

Mr. Beeghly authors articles and presents regularly regarding insurance, reinsurance and alternative risk transfer topics. Mr. Beeghly has presented at a number of insurance conferences/meetings, including those in Cayman Islands, Montana, Nevada, Canadian Captive Insurance Association (British Columbia), Association of Insurance Compliance Professionals (2011, 2012, 2013, 2014, 2015, 2016, & 2017), American Bar Association continuing education seminar (2012 on self-procurement law), Washington State chapter of RIMS and invited speaker on cross-border insurance issues for large group of insurance brokerages. Mr. Beeghly is privileged to be the Special Counsel to the Insurance Board & Commissioner for the Federated States of Micronesia.

Mr. Beeghly publishes regularly. Examples include many articles and alerts that may be read in entirety at FORC.org, including articles, and over 30 more alerts:

• InsurTech Sales & Operations Legal Issues – Washington. 2022

• Direct Procurement & Surplus Line Insurance Law in Washington State; An Overview of Washington State Treatment of Self Procurement and the Microsoft Consent Order. 2018

• Select Legislation Updates in Washington. 2023

• Pharmacy Benefit Manager Services Declared by Court of Appeals to be exempt from State Taxes as “Functionally Related” to Insurance Premium Tax Payment Paid by HMO in Washington. 2023

• Tribally Owned and Controlled Utah Entity Ordered to Cease & Desist Selling Unauthorized Health Insurance in Washington. 2023

• Pre-filed Insurance Bills for 2023 Washington Legislative Session. 2023

• Consent Order Following Continuum For Failure to Acknowledge Verbal Insured Cancellation Orders, and Advertising Issues. 2022

• Partial Summary Judgment of Bad Faith Causes Insurer To Face Additional Regulatory Enforcement. 2022

• Health Care Sharing Ministry Regulations Proposed By Washington Insurance Commissioner. 2022

• Internet Domain Registry Issued Fine & Cease And Desist Order For Unauthorized Business Of Insurance For Coverage For Loss of Internet Domain. 2022

• Washington State Court of Appeals Creates New Third Party Bad Faith Remedy For “Prelitigation Misconduct” In Claims Handling

• Allstate Vehicle & Property Insurance Company Agrees Giving Free Services Unrelated to Insurance Is an Illegal Insurance Inducement. 2022

• Washington State Imposes $25,000 Fine and Orders Walmart to Cease & Desist Soliciting Pet Insurance. 2021

• Washington State Supreme Court Unanimously Bars Challenge to Producer Compensation Under Filed Rate Doctrine. 2021

• Websites Reviewing/Discussing Insurance (and Those Licensees Working With Them) Cautioned by Washington Insurance Commissioner as to Possible Need for Producer License. 2021

• General Motors, LLC Ordered to Cease & Desist Selling Extended Limited Warranty in Washington. 2020

• Washington State Supreme Court Finds Agent’s Certificate of Insurance Expanding Coverage Binding on Insurer. 2019

• Washington State Court of Appeals Disqualifies Entire Law Firm In Bad Faith Suit Representing Insured Against Former Insurer Client. 2019

• Hawaii Captive Insurer for Alaska Air Ordered By Washington to Pay Tax, Interest, and Penalties. 2019

• Demand for Hearing Filed by ACE American Insurance Company and Indemnity Insurance Company of North America Regarding Washington State Proposed Consent Order for $1.5m and Other Remedies. 2019

• Microsoft Ordered To Cease & Desist Using Its Captive Insurance Company. 2018

• Illegal in Washington to Buy Surplus Line Coverage Solely for Lower Rate. 2018

Mr. Beeghly is active in the community, including having previously served as a Trustee of the University of Washington Alumni Association, Trustee of the Museum of History & Industry, Washington Athletic Club Committee Member, and the Rotary Club of Seattle.

Insurance industry involvement includes (past) member of Board of Directors of the Nevada Captive Insurance Association (2006 – 2010), the Association of Insurance Compliance Professionals, current member of the Washington State Society of Healthcare Attorneys, and current member of the Federation of Regulatory Counsel (www.FORC.org) (Board Member).

Mr. Beeghly is currently Member of Board of Advisors of InsuraGuest Technologies, Inc. (TSGX: ISGI.V), an insurtech company (since 2020). Since 2011

Mr. Beeghly has had the distinct honor of being Special Counsel and Advisor to the Insurance Board and Insurance Commissioner of the Federated States of Micronesia since January, 2012.

Mr. Beeghly is a member in good standing of the Washington State Bar Association and also admitted to practice before the Federal District Court of Western Washington. Mr. Beeghly maintains (but currently does not use) an active insurance broker’s license (resident Washington).