Midmarket Companies Eyeing Texas For Captive Insurance

By Jess Krochtengel (June 4, 2013, 9:42 PM EDT) -- Texas on Monday became the latest state to allow the formation of captive insurance carriers with a new law experts say has the potential to save money and ease headaches for businesses already using the powerful risk management tool, and could create a market for smaller companies wanting to set up their own carriers.

The law, signed Monday by Gov. Rick Perry and set to go into effect Sept. 1, gives Texas a chance to claim a stake in the increasingly competitive captive insurance market, and gives Texas-based corporations the potential to save tax dollars and escape the administrative burden of...

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