Yesterday, I explained how captive insurance companies are supposed to work. They serve as a means to minimize the risk, but don’t leave policyholders without any recourse- or, in the case of our firms, any potentially harmed folks without any chance to recover damages. Today, I will explain how this process is being subverted- these captives are being formed to rip off the public.
Tag Archives: captive
Captive Insurance (1)
Captive insurance company. Sounds pretty cool. And, back in the 80’s, it was a critical juncture for us. We were a small provider of medical products. And, our product liability insurance was running 3% of sales- and growing fast.