Search CompleteMarkets

... 00:00 AM If you answered Yes' to the above question, or I don't think so, ' please read on. If you answered No, ' congratulations.. All Articles by CompleteMarkets Editor Comments (0 ) Dollars And Sense: Financial Responsibility Requirements For Underground Storage Tanks This content has not been rated yet. CompleteMarkets Editor 4/30/2013 10:40:04 PM DOLLARS AND SENSE: FINANCIAL RESPONSIBILITY REQUIREMENTS FOR UNDERGROUND STORAGE TANKS by U.S. Environmental Protection Agency Why Are There Financial Responsibility Requirements? Whe.. ... Articles by CompleteMarkets Editor Comments (0 ) Epl Coverage Goes Where We Can't This content has not been rated yet. CompleteMarkets Editor 5/15/2014 12:00:00 AM Workers Comp policies go by the official name of Workers Compensation and Employers Liability policy. With employers eager to assure their injured workers of.. All Articles by CompleteMarkets Editor Comments (0 ) 1 2 x No Thanks Loading.. Loading.. x No Thanks Loading.. ...

... of jumping at every 5% premium drop that the insurance companies are hawking. Captives allow businesses to reduce their insurance and loss expenditures through risk control. Captives often spring up when there's no fairly priced coverage for exposures not covered by standard insurance lines, such as underground storage tanks. The industry understands that some exposures are best managed by a captive or other self-insurance arrangement. Group-owned captives require a capital commitment from each owner, and usually only insure the risks of members and owners. For owners, these programs are equivalent to ... insurance company subsidiaries. Rent-a-captives offer many of the benefits of ownership without the capital commitment. Years ago there was only a handful of rent-a-captive operations. Today Bermuda seems to have one on almost every street. Middle-market group captives usually cover owners' and shareholders' loss exposures. They may be domiciled offshore in places like Bermuda, Cayman, and Barbados. Some write unrelated third-party business for firms that don't contribute capital and aren't owners or shareholders of the captive. All unrelated third-party captive business is domiciled offshore, because U.S. domiciles ... permit them. However, Vermont and Maine allow controlled third-party business in which at least one member has direct control over activities of the third-party member, such as business practices or loss control. MEMBERSHIP The most successful middle-market captives are very selective about membership - for good reason! Suppose a captive retains the first $250,000 of each loss and members are responsible for the first $150,000 of their own losses. The remaining $100,000 is shared among all members. That $100,000 can be ...

...andard insurance lines, such as underground storage tanks. The industry understands that some e...