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Article: Credit crisis raises collateral worries for more captive owners: Survey.(Survey)
- Article from:
- Business Insurance
- Article date:
- March 23, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: RODD ZOLKOS
The biggest challenge facing captive owners is concern about collateral amid the economic downturn and credit crisis, according to the 2009 fronting survey by the Captive Insurance Cos. Assn.
But finding fronting insurance is not the concern it once was for captive companies, according to the survey.
Members of CICA's Fronting Survey Committee discussed findings from CICA's 2009 Survey on Fronting, Reinsurance and Employee Benefits earlier this month at CICA's annual international conference in Indian Wells, Calif.
The results of the annual survey showed that companies' primary reason for using a fronting insurer ...