State Officials Must Promote Captives, Experts Say

By Peter MantiusNorthern Bureau ChiefBusinesses forming captive insurers in Ohio will be able to write workers’ compensation policies under new legislation signed this month, but that activity will only flourish if state officials work to encourage it, a captives expert predicted Friday.“Passing the legislation is the first step,” said Jay Adkisson, chairman of the American Bar Association’s committee on captive insurance. “The insurance commissioner has to get behind it. Once a state hires a deputy commissioner for captives, you often see it take off.”But i...