Category: Insights

Insurance Company Regulatory Compliance: What You Need to Know

The world of insurance company regulatory compliance can be complex and difficult to navigate. To make sure your insurance company stays compliant with relevant government and industry regulations, you need to stay on top of the ever-changing updates to the compliance environment and be prepared if you are ever faced with a regulatory audit. It  … Read more

Financial Risk Management and Cyber Crime: How to Protect Your Business

If you own a business, you need to spend some time focusing on financial risk management. Your business risks losing money through internal theft, chargebacks (when thieves use credit cards in your store and the card issuer refuses the charge), online scams, and countless other threats. Risk management involves assessing current threats and making a  … Read more

Using an RRG to Customize Your Captive Insurance Options

Some of the main reasons to opt for a captive insurance structure are flexibility and control. In some ways, a Risk Retention Group, or RRG, can take those elements to another level. There are some limitations to this structure as well, but if leveraged properly, RRGs can be utilized to as part of your captive  … Read more

Captive Insurance Structures: Protected Cell Captives

Traditional insurance — life, health or property — for your business is costly and can cause a significant drain on your resources. Costs continue to rise, causing complaints both from your employees and your leadership team. While this may be the way you’ve always done business, the good news is that you don’t have to continue  … Read more

What Are Risk Retention Groups?

To begin, let’s understand the history of Risk Retention Groups. The existence of RRGs was made possible by two pieces of Reagan-era legislation: first the Product Liability Risk Retention Act of 1981 and then the Liability Risk Retention Act of 1986 (LRRA). The LRRA expanded the original Act beyond products liability insurance, enabling RRGs to write commercial, errors  … Read more

5 Steps To Effective Risk Management

Respondents recognize the need to better identify and evaluate emerging risks and to adapt their company’s business strategy accordingly. Eighty-five percent said opportunities exist to further improve the linkage between risk and business performance. But 77% limited their ability to adjust their business strategy to the changing risk landscape because they evaluated their company’s risk  … Read more

Top 5 Financial Risk Management Tactics for Small Businesses

Growing your business requires taking some risks, but in order to maintain a steady and healthy rate of growth, you need to practice sound financial risk management tactics. Every business is different, and planning for the long-term financial health and stability of your company means first identifying the combination of specific risks you’ll be exposed  … Read more

Captive Insurance & Hyperloops

Exciting technologies outpace common sense. New wonders sidestep traditional risk management assessments and create real questions for the capital markets. The hyperloop, promoted by the ever-exciting Elon Musk, is one of the great future technologies holding the world’s attention. The drive between Chicago and Cleveland is a 5 hour jaunt – hyperloops can reduce this  … Read more

Cannabis Insurance Insights

We are happy to report that Matthew Queen was published in the Captive Insurance Times for his article detailing issues with cannabis captive insurance companies.