
Captive Insurance Companies in 2021 and Beyond: What 2020 Taught Us
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2020 was an eventful year for 831(b) captive insurance companies, with audits, Tax Court cases, and the IRS settlement initiative accounting for many of the headlines. In spite of these developments, business owners are increasingly turning to captive programs to help solve issues in the hard-property and casualty insurance market, and the reasons are obvious: captives have a long history of providing financial rewards for businesses which can manage risk effectively.
Mike DiMayo's exclusive LISI Webinar will review the state of the captive marketplace and what advisors can expect in 2021 and beyond. In today’s punishing P&C marketplace, captives now can be the optimal choice for clients seeking comprehensive coverage, increased limits and the potential for significant reduction in cost for the insurance they need and want. Innovative captive management companies have introduced a variety of new programs, with the potential for enhanced terms and cost-effective solutions perfectly suited to complement both traditional designs and 831(b) election, if desired.
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