The number of captive licenses in Montana increased 92 percent in 2006, according to the Montana Captive Insurance Association Inc., which summarized figures published by the Montana Department of Insurance. According to MCIA, there were 23 licensed active captives and risk retention groups in 2006, up from 12 licensed companies in 2005.
“Coverages written by the new captives include medical stop loss, errors and omissions liability, workers’ compensation, general liability, professional liability, and property for U.S. and worldwide exposures,” MCIA said.
Was this article valuable?
Here are more articles you may enjoy.
Warmer World Means Bigger Hail and More Damage, Study Finds 
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete 
Roof Costs Soar Even as Claims Decline: Verisk From This Issue
