Captivating Thinking

Ironically, one of the largest captive insurance programs in the United States serves the University of California system with its 10 universities, 5 medical systems and 3 National laboratories.  The University of California Regents Captive Insurance Company, Fiat Lux Risk and Insurance Company has over $1.2 billion in assets and receives $980 million in insurance premiums annually from its institutions system wide.  According to Courtney Claflin, who heads up Captive Programs for all UC institutions, “it’s a flippin’ gas.”  He has saved

It’s quite disconcerting to “miss the boat,” so to speak.  And, this adage is particularly true for many mid-market and small businesses that would benefit immensely from owning their own insurance company – known as a captive insurance company (CIC) – but have yet to embark on this powerful course to improve risk management and boost profits.

CIC Services recently attended the Risk Management Society (RIMS) Conference in

Originally published on April 18, 2017

It’s Tax Day, and millions of Americans are mailing checks to the U.S. Treasury.  I thought about this as I talked with a successful business owner this Spring who is considering forming a captive insurance company to help lower total insurance costs and provide better risk management flexibility.  He has been in business over twenty years and has seen competitors come and go.  I asked him about some of the keys to survival and success, and I was surprised that “tax strategies” was