I’ve been enamored with captive insurance for most of my insurance career. The ability of insureds to get tax benefits for self-insuring exposure solves a lot of problems when they are unable to 1. acquire insurance for their exposure (dangerous product or industry) or 2. are unable to acquire insurance at a reasonable premium (hard market or misunderstood exposure). In this episode, I discuss all things captive with Van Carlson of Strategic Risk Alternatives.
The recently released Allianz Risk Barometer ranked the top business risks for 2018, based on the views of more than 1,900 risk management experts globally. Here, we look at the top three identified business risk for Australia and discuss how they can be effectively managed.
NEW YORK — How to deal with a potential cyber attack is top of mind for most company directors, but preparing them for this crisis is particularly difficult, says an expert.
A hole-in-one from 137 yards is not covered when the insurance policy says it must be from at least 170 yards, says a federal appeals court, in denying a nonprofit coverage for two prizes it was obligated to pay in a golf charity event.http://www.businessinsurance.com/article/20171221/NEWS06/912318096/Nonprofit-denied-coverage-for-prizes-in-golf-hole-in-one-event
NEW YORK — As small business owners learn what their 2018 health insurance costs will be, some are considering providing different types of coverage for their employees.https://www.usatoday.com/story/money/small-business/2017/12/09/health-premiums-rise-small-businesses-seek-alternatives/931122001/
How many times must we learn the same lesson before we do something different? The world is a scary scary place to do business.https://www.forbes.com/sites/georgebradt/2017/11/08/why-you-must-take-a-strategic-approach-to-risk-management/#6f74d6535791
As organizations begin to assess options for group health coverage in 2018, new data out this week could help provide some perspective. http://businessrecord.com/Content/Default/All-Latest-News/Article/Survey-Self-funded-health-plans-grow-in-popularity/-3/248/80119
Superstorm Sandy marks its fifth anniversary this month, and risk managers warn that businesses must be prepared for the next big storm.http://www.businessinsurance.com/article/20171031/NEWS06/912316897/Superstorm-Sandy-offers-lessons-five-years-on
Once just a dot on the insurance market landscape, captive insurers have become a mainstream risk management tool over the past 50 years.http://www.businessinsurance.com/article/00010101/NEWS06/912316855/Captives-move-from-alternative-to-mainstream