With more than 5,000 captive insurance companies operating worldwide, it is clear that this alternative risk financing technique has proved itself. Captives have been formed for all lines of coverage, often in response to affordability or availability issues in the commercial insurance market. As the captive movement grows and matures, captive owners are beginning to establish a more formal approach to many of their operations. A professional subrogation program can provide a ready source of ongoing additional revenue, as well as a cash flow boost of found money from a closed file review. Professional subrogation service firms can help a captive achieve optimal results in this endeavor. These services usually are provided on a contingent basis and involve no out-of-pocket costs for the captive owner. Captive managers, third-party claims administrators, and insurance brokers will want to consider using a value-added service like professional subrogation, which can generate revenue in a timely manner and at an affordable cost.
SUBROGATION FOR CAPTIVES Michael J Moody Rough Notes; Sep 2009; 152, 9; Docstoc pg. 194 Reproduced with permission of the cop
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