Types of Coverages

  World Captive Forum Photo - SF

Global Employee Benefits in Captives Increasing

While only a sliver of captive insurance companies fund their parents' employee benefit risks, the number is growing as more companies understand the advantages of that approach, experts say.
February 19, 2019 Read More
  Mark Sims

Captive Insurance and Medical Stop Loss, Controlling Healthcare Costs

Mark Sims of Captive Alternatives advises that health insurance is one of an employer's biggest expenses. Many businesses are looking to use their captive insurer to help control healthcare costs. With captive insurance, the employer can prefund, into their captive, premium to cover their claims responsibility within the "specific deductible."
January 31, 2019 Read More
  Michael Maglaras-SF

Captive Insurance and Sexual Misconduct

Michael Maglaras, principal of Michael Maglaras & Company, says that we have been insuring bad behavior in the commercial insurance market and in captive insurers for many decades. In this video, Mr. Maglaras raises questions and explores ideas around sexual misconduct, sexual abuse, sexual intimidation, and captive insurance.
January 30, 2019 Read More
  Mark Sims

Enterprise Risk Coverages and Captive Insurance

Mark Sims, vice president of business development at Captive Alternatives, LLC, says businesses want to know what type of risks they can insure inside their own captive insurance company and are often concerned about enterprise risks such as loss of a key customer, weather-related events, data breaches, or cyber attacks.
December 17, 2018 Read More
  Healthcare Costs 480x377

Healthcare System Catastrophic Claims Costs Rising

The cost of extreme, or catastrophic, professional liability claims is increasing at a rate higher than typical self-insured claims, which are trending at 2 percent annually, according to the Aon/American Society for Healthcare Risk Management Hospital and Physician Professional Liability Benchmark report.
October 16, 2018 Read More
  Downward Trend-SF

Reserve Strength Declining for US Medical Professional Liability

Fitch Ratings findings show that the US medical professional liability insurance sector experienced underwriting losses again this past year, placing more scrutiny around shrinking reserves.
October 16, 2018 Read More
  Emplyoyee Benefits Note - SF

Dot Foods Seeks DOL Approval To Fund Benefits in Its Captive Insurer

Dot Foods Inc. is the latest employer to seek federal regulatory approval to use its captive insurance company to fund employee benefit risks. In a filing with the US Department of Labor (DOL), Dot Foods says it wants to use its captive insurer to reinsure voluntary accident and critical care coverages.
September 10, 2018 Read More
  Michael Maglaras-SF

Has the Time Come for Direct Workers Compensation in Captives?

Michael Maglaras, principal of Michael Maglaras & Company, suggests the time has come to insure direct statutory workers compensation in captives on a nonfronted basis. This means the program is underwritten, funded, and managed directly through a captive insurer where the policy is issued directly on the captive's paper.
August 06, 2018 Read More
  Rob Walling

Trucking Captives 101

Principal and Consulting Actuary Rob Walling of Pinnacle Actuarial Resources, Inc., says that trucking insurance captives are an example of a specialized industry that requires specialized care. In a number of industries and coverages in the captive insurance space, such as trucking, an actuary cannot simply dabble.
August 01, 2018 Read More
  Senior Health Care-SF

AssureCap Advantage Captive Program Launched for Senior Care Industry

Captive insurance consultant Michael Maglaras & Company and Assurance Agency have launched the AssureCap Advantage captive program, designed to meet the insurance and risk management challenges of the senior care industry.
July 25, 2018 Read More
  Healthcare Costs 480x377

Global Employee Benefit Health Plan Costs Increasing 3 Times Inflation

Based on its latest global employee benefit research findings on medical trends around the world, Mercer Marsh Benefits advises that adopting integrated health and well-being strategies underpinned by stronger digital and data capabilities will be critical in managing the rising costs of employee health benefit programs.
July 06, 2018 Read More
  Marijuana Wallpaper 600x300

Cannabis and Captive Insurance

The insurance market for the legal cannabis industry is still quite fluid, with changes happening every day. Cannabis businesses are currently unable to obtain adequate and affordable insurance protection in the market, and captive insurance may be able to provide the solution.
June 11, 2018 Read More
  Rob Walling

The Role of Technology in Captive Formations

According to Rob Walling, principal and consulting actuary with Pinnacle Actuarial Resources, Inc., technology is playing an exciting role in captive innovation and formation. Captive formation is stemming from insurtech activity, such as on-demand insurance running through smart phone technology as well as from a variety of disruptive technologies.
June 06, 2018 Read More
  Tornado Damage

Business Interruption Insurance: A Basic Primer

A captive insurer should have business interruption coverage, as should its members. Editor John Foehl reviews basic questions for consideration when buying or providing coverage for business interruption insurance in this basic primer for captive insurers.
May 30, 2018 Read More
  Michael Maglaras-SF

Captive Insurers and Population Management

Two new Captive Thought Leader Videos featuring Michael Maglaras, principal, Michael Maglaras & Company, titled "Part I: Medical Professional Liability in Captives and Physician Migration" and "Part II: Medical Professional Liability in Captives and Population Management" have recently been added to the Captive.com video library.
March 23, 2018 Read More
  tow truck-SF

Group Rental Captive Insurer Launched for Towing and Recovery Industry

The first group rental captive insurer designed exclusively for the towing and recovery industry, TowCap Premier, has been launched by National Interstate Insurance Company, a leading specialty property and casualty transportation insurer.
January 18, 2018 Read More
  Employee Benefits Captives Growing-SF

Funding Benefits through Captive Insurance Companies Continues To Grow

Hyatt Hotels Corp. is the latest employer to win federal regulatory approval to fund employee benefits through its captive insurance company. Hyatt joins roughly three dozen employers that have received US Department of Labor approval in recent years to fund employee benefit risks through their captive insurance companies.
November 15, 2017 Read More
  Cyber Benefits Panel Bermuda 480x377

Global Cyber Liability and Captive Insurance

The 2017 Bermuda Captive Conference panel titled "Impact of Cyber and Emerging Technology Risks for Captive Insurers, Insurance Solutions and Latest Risk Developments" focused on various facets of the global cyber liability insurance market and how captives are being used to insure this emerging risk.
November 10, 2017 Read More
  Construction Workers at Site-SF

Captives in the Construction Industry

A recent Strategic Risk Solutions webinar explored the topic of alternative risk transfer and captives in the construction industry and examined construction industry trends and competitive landscape and insurance market challenges and solutions for insuring construction risk.
October 25, 2017 Read More
  Medical Professional-SF

Aon/ASHRM Report Reveals Healthcare Systems Face Rising Batch Claims

The 2017–2018 report from Aon and ASHRM (American Society for Healthcare Risk Management) titled "Aon/ASHRM Hospital and Physician Professional Liability Benchmark Analysis" reveals that healthcare systems can expect stable claims frequency for typical professional liability claims but warns of increased claims frequency for extremely large claims. The report also finds that batch claims are on the rise in nearly every state.
October 19, 2017 Read More