The Montana Insurance Department has licensed two new captives insurance companies: MHA Worker's Compensation Reciprocal Insurance Co. and Eadonton Insurance Co.
The new captives will insure the risks of a number of Montana hospitals and a California construction company, the department said in a release. Captive insurance companies are traditionally used by corporations to insure part of their own risk as a component of their risk management strategy.
"Captive insurance programs are truly 'win-win' situations in the states that have them," said Morrison. "In addition to the many bene...
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