Insurance, Risk Management, and Captive Insurance Companies

Given the cyclical nature of the insurance markets, which have compensated for recent disasters and increases in litigation by raising premiums substantially, numerous nonprofit organizations have struggled to better manage this process. Many have tried alternative arrangements such as insurance captives, which place the organization in an ownership position and more directly involved in the process. Other nonprofit organizations have reviewed their risk management practices and have come up with new ideas and concepts, including enterprise risk management. Join experienced counsel who have used these approaches for a survey of current risk management and captive trends, and determine whether such approaches may benefit your organization.