February 2020 Edition
Another election year has officially kicked off! If you are like me, you can't wait until November 4th comes and it's all over.

As we start the new year, now is a great time to review your client's business plan. While doing so take a look at how they might benefit from implementing a Captive Insurance company. 

Also, this is the start of the captive conference season. These are great events where you can learn more than you ever want to know about captives. If you can't make any of these conferences, please reach out to me, and I can go over all the new information over a cup of coffee or round of golf!

Keep in mind; we provide education and teaching for CPAs, financial advisors, tax & estate attorneys, business owners, and others about the benefits of captive insurance. If you would like for us to talk to your firm, clients, group, or you know someone who could benefit from implementing a Captive, please give me a call today.

If you have any questions about implementing a Captive, call me directly or visit our  Captive 101 section  on our website.

Sincerely,
Larry Papola
Lawrence J. Papola, Jr.
Principal
1-833-US-CAPTIVE
(1-833-872-2784)
Captive Claim Highlight
Client Profile
Industry:  Medical
Specialty:  At Home Health Services
Location :  New York
Claim Information
Description: One of our insureds was sued when an accusation was made that they were not providing adequate home care for a customer. Through the lawsuit, appeals and investigation our insured incurred legal expenses. They were able to recoup some of these expenses through their captive policy's Defense Cost Reimbursement coverage.  
Line of Coverage:  Defense Cost Reimbursement
This exposure was elected for coverage by the client under their captive policy. This resulted in a claim payment amount of approximately $30,000.
*Please note that each claim will undergo an independent investigation and thorough review process. Various components specific to the claim at hand will be assessed thoroughly to determine if the loss is covered by the policy.
Year-End 2019 Commercial Lines Premium Renewal Rates Tick Up
Year-over-year, all lines of business except workers compensation experienced an increase in average premium renewal rate. Q4 results showed an increased premium renewal rate change average across commercial auto, businessowners policy (BOP), general liability, umbrella, and commercial property compared to Q3; however ...

February 2020 Calendar
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Feb 2:  Groundhog Day & Super Bowl
Feb 4:  World Cancer Day
Feb 7: National Wear Red Day
Feb 9: National Pizza Day
Feb 14:  Valentine’s Day
Feb 17:  President’s Day
Feb 26: Ash Wednesday
February is Observed as:
Black History Month
American Heart Month
TxCIA 7th Annual Conference
Registration is now open for the Texas Captive Insurance Association 7th Annual Conference, set for April 7–8, 2020, in Houston, Texas.

485 Underhill Blvd.
Suite 101
Syosset, NY 11791

Office: 1-833-US-CAPTIVE
     (1-833-872-2784)
Fax: 888-929-6565