Organizations from a number of states representing various industries formed 69 captive insurance companies in Utah in 2011. Of the state's new formations, all were pure captives with one sponsored captive. Most were “micro-captives” formed for a variety of coverages including Supply Chain, Cyber Liability, Legal Defense and Large Deductible. The majority of companies that formed captives are located in California as well as the Midwest, with the largest growth seen in the health-care industry.
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