Currency Crisis: Preparing Your Business for Currency Instability
The recent article published by Insurance NewsNet, “Currency Crisis: Preparing Your Business for Currency Instability,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, discusses the potential impact of concerted efforts by foreign entities to devalue the U.S. dollar and the potential consequences for the U.S. domestic and global financial ecosystem. Businesses should diversify their currency holdings and seek guidance from financial experts to mitigate risks associated with currency instability. While traditional insurance may not cover currency instability, captive insurance offers an alternative approach for businesses to manage such risks.