2020 Edition
Happy New Year! 

Thank you for all the great feedback you have given us on our new Captive Claim Highlight feature. These have really been opening the eyes of those who are not 100% sure how an enterprise risk captive can work for them.

Like we do every year, we continue education and teaching CPA's, 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 or group, or 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)
January Captive Claim Highlight
Client Profile
Industry:  Dental
Gross Revenue:  $30,000,000
Location :  Ohio
Claim Information
Description: One of our insureds participates in Medicare/Medicaid program. A revalidation notice directed to our insured was sent to an incorrect business address and a provider agreement for one of their doctors inadvertently expired. As soon as the doctor realized the problem he got the agreement revalidated, but reimbursement related to the doctor was denied for all dates when his agreement was not active. Through their captive policy's Medicare/Medicaid Reimbursement coverage they were able to recoup the lost reimbursements. 
Line of Coverage:  Medicare/Medicaid Reimbursement
This exposure was elected for coverage by the client under their captive policy. This resulted in a claim payment amount of approximately $50,000.
*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.
Vermont Captives and Dave Provost Reach a New Milestone
When Dave Provost entered the captive insurance field in July 1989 by joining broker and captive manager Johnson & Higgins to handle captive management issues, Vermont had already become a major domicile. With 163 licensed captives, Vermont, whose captive statute was enacted in 1981, had already become the largest US captive domicile.

At the end of 2018, Vermont had licensed a total of 1,137 captives, with 580 of them active. Only Bermuda and the Cayman...

January 2020 Calendar
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Jan 18: Winnie The Pooh Day
Jan 19: National Popcorn Day
Jan 20:  MLK Jr. Day
Jan 21: National Hug Day
January is Observed as:
National Mentoring Month
National Glaucoma Awareness
National Blood Donor Month
2020 World Captive Forum
Celebrating its 28th year, the 2020 World Captive Forum will address new and emerging risks facing companies and organizations worldwide, demonstrating how captives can offer solutions that may not be available in the traditional insurance marketplace. A domicile-neutral conference...
485 Underhill Blvd.
Suite 101
Syosset, NY 11791

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