A majority of multinational corporations own one or more captive insurance companies. A captive insurance company is a controlled subsidiary that funds risks of the corporate group, e.g., workers compensation, third party liabilities, employee benefits, property, product recall, extended warranty and many other lines of business. A captive insurance company may be organized in one of the 30+ states (and D.C.) that have enacted favorable laws, as well as in offshore jurisdictions such as Bermuda or the Cayman Islands. READ MORE.
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