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 & omissions liability, workers compensation, general liability, professional liability, and property for US and worldwide exposures,” MCIA said.
Source: MCIA
Was this article valuable?
Here are more articles you may enjoy.
Board Calls for US Steel to Address Safety Issues as It Rebuilds Site of Fatal Explosion 
Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year 
Louvre Tightens Security After $102M Jewel Heist, Installs Bars on Infamous Window 
Head of EEOC Urges White Men to Report Discrimination 
