Captive 'storm clouds' loom: lawyer. (captive insurance companies): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on October 10, 1994. The length of the article is 580 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: John P. Mulhern, an attorney with the law firm of LeBouef Lamb Greene & McRae, cites five factors that threaten captive insurance companies. Captive insurers that operate in the US on a non-admitted basis are perceived to have a higher bankruptcy risk. The perception of non-admitted captives has been sullied by frauds carried out through captives. The soft insurance market makes regulators believe that admitted insurers offer adequate coverage. Proposed legislation creating a federal insurance regulatory regime would be hostile to captives, and the National Assn of Insurance Commissioners is suspicious about captives.

Citation Details
Title: Captive 'storm clouds' loom: lawyer. (captive insurance companies)
Author: Chritopher Dauer
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: October 10, 1994
Publisher: The National Underwriter Company
Issue: n41 Page: p17(2)

Distributed by Thomson Gale