NU Online News Service, May 11, 12:10 p.m. EDT
A page-one New York Times article this week slammed state captive insurance laws, stating that they allow companies to "conduct Bermuda-style financial wizardry" in the U.S., but the Times company, it turns out, has its own captive domiciled in New York.
Captive insurance is a regulated form of self-insurance that has been in use since the 1960s.
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