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. Continue Reading
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.” Continue Reading