From: Captive Insurance Times

University of Southern California students Megan Moore and Natalie Kojababian have received first place honours in the Captive Insurance Companies Association (CICA) Essay Contest, winning a cash prize of $2,500.

Senior Moore and junior Kojababian proposed a group captive insurance solution to provide liability coverage for cannabis association members.

The winners were announced announced on 21 April during a webinar hosted by CICA Essay Contest sponsor Strategic Risk Solutions. During the webinar, the three finalist teams presented their essays and fielded questions, followed by the announcement of the winning team.

According to CICA, this year’s contest was “very competitive” leading to a tie for second place. Marissa Dias and Samantha Kane, from Saint Joseph’s University, proposed a risk retention group for the Home Healthcare industry; and Magda Olivas Carmona and Rudy Martinez, from St. Mary’s University, proposed a group medical stop-loss captive for the Craft Brewing industry.

Both second-placed teams will receive a cash prize of $1,500.

CICA president Dan Towle said: “Not only did we have more entries this year, but it was also great to see how close the judges’ scores were.”