December 2022 Edition
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As the year comes to a close, we'd like to express our sincere gratitude and appreciation to the advisor community, partners and clients for contributing to our success.

As we reflect on 2022, it has actually been a great year for the Captive Insurance industry and our clients. As we get ready to move into the new year, we look forward to great things to come.

All of us here at US Captive Partners & Associates wish you a
Happy Hanukkah, Merry Christmas and Happy New Year!

Sincerely,
Larry Papola
Lawrence J. Papola, Jr.
Principal
1-833-US-CAPTIVE
(1-833-872-2784)
Forecast: Sharp Rise in Some
Commercial Property Exposures
Woodruff Sawyer & Co. on Tuesday forecasted commercial property rates could rise 30% or more for the most challenging exposures, but the most favorable risks could see flat renewals in 2023.
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Captive Claim Highlight
Client Profile
Industry: Manufacturing
Specialty:  Temporary Structure Rental Company​
Location: Tennessee
Claim Information
Description:  Several leasor structures of an Insureds suffered hurricane damage. The client was contractually bound to cover the cost of the damages. They filed a claim with their commercial carrier and used their Captive's Actual Net Loss Insurance Policy "Deductible Reimbursement (Wind and Hail)" coverage to recover their deductible expense.
Line of Coverage:  Deductible Reimbursement (Wind & Hail)
This exposure was elected for coverage by the client under their Captive Policy. This resulted in a claim payment amount of approximately $75,000.
*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.
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Happening This Month
12/4: National Cookie Day
12/7: Pearl Harbor Remembrance
12/13: Nat’l Cocoa Day
12/18: Hanukkah Begins
12/21: Winter Solstice
12/25: Christmas
12/26: Kwanzaa Begins
12/26: Hanukkah Ends
12/31: New Year’s Eve

This Month is Observed as:

Universal Human Rights Month
Safe Toys and Gifts Month
Commercial Premium Increases
Year over year, all commercial insurance lines except workers compensation experienced an increase in average premium renewal rate in October, according to the IVANS Index, a regular premium renewal rate index compiled by the IVANS insurance exchange service.
Why Form a Captive?
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There are numerous potential advantages to forming a captive insurance company. Captive insurance companies are formed for both economic and risk management purposes. By forming a captive insurance company, a business can dramatically lower insurance costs in comparison to premiums paid to a conventional property and casualty insurance company.
Get Your Insurance Quotes From The:
Insurance Experts provides expert knowledge and assistance to individuals, families, and business owners who are making decisions about the proper insurance coverage for their needs. We’re here to help you cover losses you shouldn’t have to on your own.

Let our team of experts guide you through the daunting task of selecting the right insurance coverage for you or your business:
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48 South Service Road
Suite 400
Melville, NY 11747

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