NU Online News Service, Feb. 7, 1:00 p.m.EST
Tennessee is adding staff to its captive insurance departmentand actively promoting itself as a domicile, which is paying offwith registrations and building interest, according to the state'scaptive director.
“We've gone from two active captives to four—so your straightmath is, we went up 100 percent,” jokes Michael A. Corbett,director of captive insurance since October 2011. With allseriousness, he adds that interest in new captive formations hasbeen strong in 2012. There has been much interest and a newformation since the first of the year, bringing the total tofive.
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