RMs Turning To Captives, Fitch Finds
NU Online News Service, Oct. 22, 4:20 p.m. EST?More organizations are turning to their captive for insurance coverage, or considering establishing one as a risk management solution, according to a ratings bureau report.
New York-based Fitch Ratings found that the hardening market this year has led to increased deductibles, reduced capacity in certain sectors, and limited coverage for certain risks, as well as tougher security requirements through higher minimum credit rating thresholds.
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