Supreme Court to Hear Micro-Captive Case
Insurance Journal writes that the Supreme Court of the United States has agreed to review the result of CIC Services vs. IRS, which was ruled in favor of the IRS last year.
risk management
Caterpillar Captive Program Tied To Profit Centers
When it comes to financial vehicles that provide strategic impact and flexibility to a business, nothing compares with a captive insurance company. This is certainly the case at Caterpillar, where its captive insurance program has strategically and creatively supported its dealer network and its greatest profit center. Cat’s greatest profit center isn’t the sale of its behemoth earth movers and other mechanized monsters.
Captive Insurance Companies As A Buffer Against Extreme Risk
Insurers Cite Global Pandemic As Extreme Risk
In past articles we have noted that most businesses are under-insured, particularly when one considers the myriad of threats facing business owners in a global economy. Third party insurers struggle to offer viable and affordable insurance policies for the wide range of threats facing businesses today.
This point is further underscored by a December 12 article in CAPTIVE INSURANCE TIMES written by Daniel Jackson. Towers Watson recently conducted a large scale survey among global insurance industry executives. According to Jackson “Global insurance industry executives ranked a global pandemic, a large-scale natural catastrophe and a food/water/energy crisis as the three most important extreme risks for the insurance industry to worry about in the long term.”