Sniffing Out Sham Worker’s Comp Claims
Is your captive insurance company paying a large worker’s comp claim to a semi-pro wrestler who is jumping off the top rope on weekends?
Let’s hope not!
Workers Comp fraud is real and is a
Captivating Thinking
Political Risk
BUSINESS INSURANCE and COMMERCIAL RISK ON-LINE both recently reported on political risk and the threats political risk can pose to businesses. BUSINESS INSURANCE noted
Should Fear Of An Audit Chill Prospective Captive Owners?
Image: http://www.thebluediamondgallery.com/tablet/a/audit.html
CAPTIVE REVIEW recently reported that the number of world-wide captive insurance licenses declined for the first time in decades. The number of active captives decreased by 136 from 6,618 to 6,482. This is a slight decrease, and it is probably more than off-set by the addition of new cell captive insurance companies. However, it does demonstrate that growth stalled in 2017.
This is unfortunate because thousands (if not hundreds of thousands) of businesses would benefit from Alternative Risk Transfer
Spoofing Losses Not Covered – Captives Are Better For Cyber Insurance
BUSINESS INSURANCE recently reported that Traveler’s Insurance was not required to pay for losses due to Spoofing (a form of cyber-attack). According to a lower court and a federal appeals court, Traveler’s computer fraud policy had an exclusion that saved the insurer from paying over $700,000