Self-Insurance Lifeboat Saves Buyers In Hard Market
A recent quote in a Wall Street Journal article about captive insurers sent ripples throughout the captive industry.
In the Aug. 1 article, Don Watson, then managing director for insurance ratings at Standard and Poors, was quoted as saying: "What happens with all this sudden interest in captives is that youre transferring vulnerability onto corporate income statements. Captives are a time bomb waiting to explode."
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