One of the benefits of captive insurance companies is their ability to write customizable lines of cover.  This is particularly important for non-core, non-traditional and evolving risks.  There are many risks that cannot be adequately or affordably insured by third party commercial insurance.  This may be the case because commercial insurers refuse to cover risks […]

Last week, I wrote that America needs at least 100,000 captive insurance companies.  Small and mid-size businesses that own their own insurance companies are better prepared for risk and uncertainty.  The loss reserves they can potentially accumulate in their captive insurance company can easily be the difference between thriving, surviving or dying. After reading a […]

“It’s hard enough to manage and pay for our own problems without being on the hook to pay for someone else’s problems.” If this statement accurately describes your view of your employee benefits program, than a recent Revenue Ruling by the Internal Revenue Service (IRS) may be good news for you and your business.

How many captive insurance companies are too many? Is the captive insurance industry growing too fast? Some self-proclaimed experts are wringing their hands due to the growth of the captive industry. 

The State of Delaware recently trumpeted the news that it has become the sixth largest captive insurance company (CIC) domicile in the world and the third largest captive domicile in the U.S.  Delaware’s announcement is significant because it highlights the “domicile war” currently underway.  The “domicile war” is great news for small and medium size […]