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Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
CIC Services has announced the election of director of captive management Leane Rafalko to the Society of Financial Examiners board of governors (SOFE). Rafalko has been elected a member of SOFE since 2007 and was previously elected to the board of governors in 2011 and served two terms. Rafalko joined CIC Services in the spring […]
The recent article published by Physicians Practice, “Surviving Regulatory Risk and Fines,” by Randy Sadler, principal at CIC Services, highlights how risk management is essential in protecting practices from the repercussions of potential lawsuits and malpractice claims. Through proactive risk mitigation, private practices can enhance operational efficiencies and reduce vulnerabilities. Read the full article here
In the recent article published by Captive Insurance Times, CIC Services announces the appointment of Leane Rafalko to the Society of Financial Examiners (SOFE) board of governors. Rafalko joined CIC Services in the spring of 2023 after previously serving as an audit manager at RH CPAs, PLLC, and prior to that was a senior captive […]
The recent article, “Captive Review US Awards 2023: Winners Revealed!” published by Mark Richardson in Captive Review showcases all the winners at the Captive Review US Awards 2023, including the recognition of CIC Services as Captive Manager of the Year. Read the full article here
The article “Business in the Crosshairs: Address Political Dynamics in the US with Captive Insurance” by Randy Sadler highlights the critical need for businesses to navigate the complex and rapidly changing political landscape in the United States. The article emphasizes that businesses face a range of political risks, including regulatory changes, legislative actions, political instability, […]
Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
CIC Services has announced the election of director of captive management Leane Rafalko to the Society of Financial Examiners board of governors (SOFE). Rafalko has been elected a member of SOFE since 2007 and was previously elected to the board of governors in 2011 and served two terms. Rafalko joined CIC Services in the spring […]
The recent article published by Physicians Practice, “Surviving Regulatory Risk and Fines,” by Randy Sadler, principal at CIC Services, highlights how risk management is essential in protecting practices from the repercussions of potential lawsuits and malpractice claims. Through proactive risk mitigation, private practices can enhance operational efficiencies and reduce vulnerabilities. Read the full article here
In the recent article published by Captive Insurance Times, CIC Services announces the appointment of Leane Rafalko to the Society of Financial Examiners (SOFE) board of governors. Rafalko joined CIC Services in the spring of 2023 after previously serving as an audit manager at RH CPAs, PLLC, and prior to that was a senior captive […]
The recent article, “Captive Review US Awards 2023: Winners Revealed!” published by Mark Richardson in Captive Review showcases all the winners at the Captive Review US Awards 2023, including the recognition of CIC Services as Captive Manager of the Year. Read the full article here
The article “Business in the Crosshairs: Address Political Dynamics in the US with Captive Insurance” by Randy Sadler highlights the critical need for businesses to navigate the complex and rapidly changing political landscape in the United States. The article emphasizes that businesses face a range of political risks, including regulatory changes, legislative actions, political instability, […]
Sign Up for the Captivating Thinking Newsletter
Businesses who implement ERM programs combined with a captive to plan for unforseen risks stand a better chance of surviving, and passing to the next generation.
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
Profitable captives will see their reserves grow over time to significant sums which can be utilized by their owners for retirement or other life cycle needs.
Insurance companies are the only entities allowed to expense projected future expense against current-year revenues (claim reserves). Small captives (premiums of $2.2M or less per year) may also elect to only be taxed on their investment income, potentially resulting in substantial tax savings for their owners.
Utilizing your captive to reduce or replace your commercial insurance coverage with policies issued by your captive allows you to capture insurance profits previously realized by the carriers.
Adding a captive and ERM program will result in a higher awareness and enhanced strategies for how your organization thinks about and plans for all risks.
The assets held by a properly organized and managed captive enjoy a very high degree of protection from both the business’ and business owner’s creditors.