Many mature and successful businesses have an immature approach to risk management.  For many business owners and CFOs, risk management is not an enjoyable topic.  Also, taking steps to develop a mature risk management approach sounds like code for “spend more money.”  However, the opposite is the case.  Developing and executing a more mature risk […]

The Snap-On tool company’s captive insurance program is a powerful corporate asset and the fruit of both innovative thinking and a passion to drive their business model.  The Snap-On model was built on the success of its franchisees, and Snap-On made insurance a key component of its franchise arrangements.  By doing so, it has been […]

Last week, CIC Services  we attended the 2014 Captive Insurance Companies Association (CICA) conference in Scottsdale, Arizona.  CICA touts itself as the only domicile-neutral captive insurance association.  We are members of CICA and attend the conference to stay abreast of legislative and regulatory changes that impact the captive insurance industry.  The CICA conference also addresses […]

There are times when we need to hit the reset button on our way of thinking.  This is often true in the area of wealth management and wealth accumulation.  For example, conventional wisdom often encourages us to only tap our savings as a last resort.  However, for many professionals and business owners, conventional wisdom may […]

I remember a few years back, when a good friend of mine pulled up in a brand new, massive, American made pick-up truck.  It was black with shiny chrome and a tan leather interior – absolutely stunning.  “It looks like someone is going through a mid-life crisis,” I quipped. “No, I’m just being a great […]