Recent Headlines

In the latest article, “On the Bright Side: Preparing Your Business For a More Active Sun” in Business Partner Magazine by CIC Services’s Randy Sadler, experts warn that the sun is expected to be the most active it has been in nearly a century, leading to potential risks for businesses. Solar flares and electromagnetic pulses (EMPs) from the sun can threaten expensive electronics and disrupt power grids and communications. To mitigate these risks, companies should consider implementing physical safeguards for their circuits, which can be costly. Solar property insurance can help cover damages to solar energy devices and technology instruments caused by solar events, but it may not cover non-solar equipment. In such cases, captive insurance, where the business owns its insurance subsidiary, can provide tailored coverage. Consulting with a captive insurance company expert is recommended to determine the suitability of this approach for specific business needs.Continue Reading

CIC Services is excited to announce that Leane A. Rafalko has joined the company as the Director of Captive Management. Rafalko brings extensive regulatory and private sector experience to the role, having worked as an audit manager at RH CPAs, a senior captive consultant at Hylant Global Captive Solutions, and spent over 20 years with the North Carolina Department of Insurance. In addition, she holds a Bachelor of Science in accounting from the University of Scranton, as well as the Certified Financial Examiner (CFE) and Associate in Captive Insurance (ACI) professional designations. We are thrilled to welcome Leane to our team and excited to see the positive impact she will make! 

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The article “Stayin’ Alive: How Private Practices Can Survive Regulatory Risk And Fines” by Randy Sadler, published in Medical Economics, provides valuable insights and strategies for private practice owners to protect their practices from regulatory risks and fines. With the increasing financial pressures and evolving regulations in the healthcare industry, Sadler emphasizes the importance of proactive risk management measures such as conducting internal audits and exploring innovative solutions like captive insurance. In addition, this thought-provoking article presents actionable strategies to empower private practice owners to stay ahead of regulatory risks and fines, making it a must-read for healthcare professionals seeking to safeguard their practices in today’s complex healthcare landscape.Continue Reading

CIC Services has proudly announced the promotion of Shoshanna Simmons to the role of Director of Risk and Underwriting. After serving as the company’s Director of Client Services, Simmons has demonstrated exceptional leadership skills, going above and beyond. This exciting news was recently announced in Captive Insurance Times. In her new position, Simmons will play a crucial role in evaluating unique risks and recommending coverages for CIC Services and its captive clients, working alongside independent actuaries to determine premiums. Congratulations to Shoshanna Simmons on this well-deserved advancement in her career! 

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