Dow Jones Forms N.Y. Captive

The New York State Insurance Department has licensed Bergstresser Insurance, Inc., as a captive insurance company. Bergstresser will insure the risks of Dow Jones & Co., the business and financial publishing company with properties including the Wall Street Journal and Barron’s.

According to Acting Insurance Superintendent Eric R. Dinallo,
Bergstresser Insurance, Inc., is the 39th captive insurance company licensed to operate in New York State. It will insure property, TRIEA (Terrorism Risk Insurance Extension Act of 2005) losses and other lines of business on behalf of Dow Jones, its subsidiaries and affiliates.

Source: New York State Insurance Department

Topics New York