The Coverage Tower - With a Profusion of Service Provider Contracts and Policy Documents, Sometimes Captive Perils Sit Alongside the Rewards

Mondaq Business BriefingUnited States Law Articles in English (2010)

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The Coverage Tower - With a Profusion of Service Provider Contracts and Policy Documents, Sometimes Captive Perils Sit Alongside the Rewards

"The Coverage Tower," Originally published in Captive Review (November 2009).

For just about every risk manager these days, captive insurance is an option that is being considered if not already utilised. But with the options offered by captive structures come risks that many of those selling captive insurance products and services rarely broach with customers until a problem is at hand.

The problems can vary, ranging from fronting insurance companies over-reserving claims to captive manager conflicts of inter...

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