Building a Haven (Risk & Insurance?)

By Alison Calder and Mary Ann Krautheim

Risk and Insurance® Magazine

Demand for construction captives began to increase with the advent of the hard insurance market cycle in early 2000. Escalating premiums, lack of viable capacity and affordable coverage for potential construction defect, and diminished coverage opportunity drove many well-capitalized firms to enter into captive arrangements. Because many large risks were already accustomed to higher risk retentions, the idea of greater control offered by a captive was a natural next step

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http://www.riskandinsurance.com/story.jsp?storyId=20759966