May 2021 Edition
The new Tax Day is May 17, or you can file Form 4868 and submit them on October 15. Either way, Uncle Sam will get his money!! But hopefully, you came out owing $0.

Speaking of owing, check out the commercial lines article below. With commercial insurance rates on the rise, many people are looking into Captives to mitigate their risks. After reading and digesting this information, give me a call, and we can discuss how we can help you or your clients stay protected without breaking the bank.

If you know any singers or songwriters, have them look at this month's Claim Highlight below. Bet many of you did not know captives cover things like these? Call me, and I can tell you even more ways we cover entertainers.

If you have any questions about implementing a Captive, call me directly or visit our Captive 101 section online by Clicking Here.

Larry Papola
Lawrence J. Papola, Jr.
Uncertainty in Commercial Lines Drives Interest in Captives:
Swiss Re Institute
Disruption and uncertainty in global commercial insurance markets is prompting companies to explore captive insurance, according to a new report by Swiss Re Institute.

The report notes that the commercial insurance markets are experiencing rate increases, capacity reductions and tighter underwriter scrutiny as the market reacts to COVID-19-related losses, social inflation, above-average catastrophe losses and secular downward pressure on investment returns.
Vermont Captive Insurance
Celebrates 40th Anniversary
As Vermont celebrates four decades as a domicile in the industry, Deputy Commissioner of the Captive Insurance Division Dave Provost (pictured) wouldn’t change a thing about how things are done - because “what we do is almost constant change.”
Captive Claim Highlight
Client Profile
Industry: Entertainment
Specialty: Singer/Songwriter
Location: California
Claim Information
Description: One of our Insureds in the entertainment industry was sued due to an allegation that claimed lyrics were in a song written by another individual. Due to these accusations, our Insured incurred legal expenses. Through their Captive's Actual Net Loss policy's Intellectual Property coverage, the Insured was able to recoup their associated losses.
Line of Coverage: Intellectual Property
This exposure was elected for coverage by the client under their Captive Policy. This resulted in a claim payment amount of approximately $150,000.
*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.
Happening This Month in 2021
MAY 1: May Day
May 4: Star Wars Day
MAY 5: Cinco De Mayo
May 6: National Nurses Day
MAY 9: Mother’s Day
May 13: Ascension
MAY 15: Armed Forces Day
May 21: Bike to Work Day
MAY 31: Memorial Day
This Month is Observed as:
National Bike Month
National Physical Fitness and Sports
National Mental Health Awareness
Lupus Awareness Month
Lyme Disease Awareness Month
Hard Markets Mean More Captives: Triple-I Research Report
Interest in captives flourishes when commercial insurance becomes more expensive and less available – a finding that will be of relevance to many risk professionals in the context of the current hard market across many lines of business.
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:
  • Life
  • Disability
  • Long-Term Care
  • Business
  • Personal
  • Captive
  • More...
48 South Service Road
Suite 400
Melville, NY 11747

Office: 1-833-US-CAPTIVE
Fax: 888-929-6565