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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.
As generative AI becomes embedded in business operations, it’s also fueling a surge in sophisticated cyberattacks, leaving traditional cyber insurance policies dangerously outdated. From deepfakes and voice cloning to AI-generated phishing and chatbot manipulation, today’s threats don’t fit neatly into yesterday’s policy language.
In today’s digital age, small and mid-sized businesses (SMBs) face significant reputation risk from viral social media backlash, which can be devastating due to their limited resources and reliance on community trust. Unlike large corporations that have crisis management teams and financial cushions, SMBs are more vulnerable to public criticism.
With healthcare costs climbing in 2025, employers are turning to innovative alternatives like captive insurance as a strategic solution to manage employee healthcare benefits.
The rapid expansion of telehealth, projected to become a $175.5 billion industry by 2026, offers convenience and accessibility but also introduces significant risks, including cybersecurity threats, malpractice concerns, and regulatory compliance challenges.
To stand out in today’s rapidly evolving property and casualty (P&C) insurance landscape, brokers must adopt a more strategic, consultative role beyond securing policies. Key challenges include rising premiums due to severe weather, economic uncertainty, and inflation, with some sectors experiencing premium hikes over 20% in 2023.
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.
As generative AI becomes embedded in business operations, it’s also fueling a surge in sophisticated cyberattacks, leaving traditional cyber insurance policies dangerously outdated. From deepfakes and voice cloning to AI-generated phishing and chatbot manipulation, today’s threats don’t fit neatly into yesterday’s policy language.
In today’s digital age, small and mid-sized businesses (SMBs) face significant reputation risk from viral social media backlash, which can be devastating due to their limited resources and reliance on community trust. Unlike large corporations that have crisis management teams and financial cushions, SMBs are more vulnerable to public criticism.
With healthcare costs climbing in 2025, employers are turning to innovative alternatives like captive insurance as a strategic solution to manage employee healthcare benefits.
The rapid expansion of telehealth, projected to become a $175.5 billion industry by 2026, offers convenience and accessibility but also introduces significant risks, including cybersecurity threats, malpractice concerns, and regulatory compliance challenges.
To stand out in today’s rapidly evolving property and casualty (P&C) insurance landscape, brokers must adopt a more strategic, consultative role beyond securing policies. Key challenges include rising premiums due to severe weather, economic uncertainty, and inflation, with some sectors experiencing premium hikes over 20% in 2023.
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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.