MONTANA SEES 92% INCREASE IN CAPTIVE LICENSES

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.