Captives

By Todd Rhoads, CPCU, ARM, Vice President and Central Regional Manager  The hardened property and casualty insurance market is presenting challenges for manufacturing companies.   Rising premiums, increased deductibles, and stricter insurance contract terms have made it difficult for manufacturers to secure the coverage they need without significantly impacting their bottom line.   However, alternative solutions like P&C captives can help manufacturers combat these conditions.   Financial and operational benefits of captives for manufacturers include:  For a captive to be right for a…