AutoNation announced along with its second-quarter earnings it had struck a deal to buy captive finance company CIG Financial, and Lithia hailed the progress of its captive Driveway Finance Co. in its ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Investopedia / Ellen Lindner A captive agent is an insurance agent who only works for one ...

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The pandemic made it clear that business owners must establish a comprehensive risk management program. As risks go uninsured or underinsured, businesses have few options to mitigate emerging risks ...

For many years, large corporations in this country have enjoyed many benefits from operating their own captive insurance companies. Most were established to provide coverage where insurance was ...

Like any insurance company, captives tend to accumulate a considerable amount of assets in reserves and surplus. While these assets back the policies issued by the insurance company, a portion of ...

Business, by nature, is risky. Even with proper research and planning, business owners know to expect the unexpected. Nonetheless, part of proper planning may include business owners managing their ...