Kentucky is among the top 10 states in the nation and the top 25 locations in the world for captive insurers, according to the March 2008 issue of Business Insurance. A captive is a specialized type of insurance company formed to insure the business risks of a corporate parent or a number of similar corporations (such as a trade association). Captive insurers are licensed and regulated by the Kentucky Office of Insurance. During the last three years, Kentucky has updated its captive law, passed a resolution supporting the industry, and hired a full-time coordinator to handle market development and to oversee the regulation and licensing of these entities. The number of licensed captives in the commonwealth grew from 10 to 31 during 2007. According to Business Insurance, this growth places Kentucky ninth in the United States behind Vermont, Hawaii, South Carolina, Nevada, Arizona, Utah, the District of Columbia and New York. Internationally, Kentucky is tied for 21st place. Bermuda leads the world with 958 captives. Vermont, the top U.S. captive state, is third in the world with 567.
We offer press release writing, pitching your insurance stories to the media, blogging, web content writing and more. Email: eastcoastdt@aol.com for very affordable public relations and marketing rates today.
ADVERTISING ON DAILY INSURER
Have a classified advertisement, banner ad, etc. you want to run on this site? Email: Eastcoastdt@aol.com for more information and affordable prices. Let us get the word out about your insurance business today!
FEATURED ADVERTISER
VISIT OUR ATLANTA NEWS BLOG AT:
(Click on photo)
Our Reviews
"Very interesting site full of insurance stories. A full page of these with links to older articles. Plus, links to professional trade bodies. Overall a comprehensive site/blog"
"The quality of this site looks very high, and the value for readers seems apparent the second you click on to the site. A well balanced layout, presenting easy to read updates for all to read. Accessible to all, even those who don't know all that much about insurance. That's I guess how I would summarize this site. All in all a very good job!"
No comments:
Post a Comment