Perspective
Nov. 15, 2013
Companies increasingly look to captive insurance
Many experts report that 90 percent of Fortune 1000 companies use captives, and we are anxiously waiting for California to get onboard. By David J. McMahon and Peter J. Felsenfeld
Companies seeking an alternative to traditional risk management approaches are increasingly turning to the captive insurance market, especially for recurring and foreseeable losses.
As most commonly understood, the captive operates as a private in-house insurer that is wholly owned by a parent company. The parent pays the captive premiums, just as it would to a conventional insurance company, and the captive a...
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