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July 2026 Edition

As we enter the second half of the year, July provides a natural opportunity to reflect on the progress we've made and refocus on the goals still ahead. For many business owners, this is an important time to evaluate performance, revisit priorities, and make strategic adjustments that will support long-term success.


Like many sports fans, I have enjoyed following the excitement surrounding this summer's FIFA World Cup. One of the things that makes the tournament so compelling is seeing how preparation, teamwork, and the ability to adapt can make all the difference when the stakes are highest. Success on the world stage does not happen by accident. It is built through careful planning, strong leadership, and the ability to execute when opportunities arise. And of course, like many Americans, I'll be cheering on Team USA every step of the way. Go USA!


Those same qualities are just as critical when it comes to managing risk in business. As your company evolves, it is important to ensure your insurance strategy continues to align with your operational and financial goals. A captive insurance solution can provide greater control, transparency, and flexibility while helping businesses address risks that may not be adequately covered through traditional insurance programs.


At U.S. Captive, we remain committed to helping business owners take a proactive and strategic approach to risk management. Whether you are exploring a captive for the first time or enhancing an existing structure, our team is here to provide guidance and support every step of the way.


As we prepare for a great Independence Day celebration and look ahead to the remainder of the year, I encourage you to take the time to review your goals, assess your risk strategy, and position your business for continued success.


Thank you for your continued trust and partnership. As always, if you have questions or would like to learn more, please give us a call or visit the Captive 101 section on our website.


Sincerely,

Larry Papola

Lawrence J. Papola, Jr.

President

LPapola@US-Captive.com

1-833-US-CAPTIVE

(1-833-872-2784)

www.US-Captive.com

 
 
 

North Carolina Department of Insurance Restructures Oversight of Risk Retention Groups

The June 2026 newsletter from the North Carolina Captive Insurance Association (NCCIA) highlighted an upcoming organizational change at the North Carolina Department of Insurance affecting oversight of domestic risk retention groups. According to the NCCIA, the restructuring will take effect July 1, 2026.


Under the new structure, the department's Financial Analysis Division will assume responsibility for regulating all licensed North Carolina domestic entities subject to National Association of Insurance Commissioners accreditation guidelines, including domestic risk retention groups and companies transferred to the Regulatory Action Section, according to the NCCIA newsletter.

 
 
 

US P&C Insurers Rebound in Q1 as Combined Ratio Improves

The US property/casualty (P&C) insurance industry posted stronger financial results in the first quarter of 2026, with an estimated net underwriting gain of $15.8 billion, compared with an $864 million underwriting loss during the same period in 2025, according to Verisk and the American Property Casualty Insurance Association (APCIA).


The improvement followed a first quarter in 2025 that was heavily affected by large catastrophe losses, including the Palisades and Eaton wildfires. The 2026 results also reflected continued gains in personal auto underwriting and a more moderate catastrophe environment.

 
 
 

SIIA National Conference

Save the dates! From October 11-13, 2026, SIIA's National Conference will be returning to the JW Marriott Desert Ridge in Phoenix, and SIIA couldn't be more thrilled to be back at this incredible venue!


This event attracts thousands of thought leaders, innovators, and solution providers from the self-insured and captive markets, making it the largest and most impactful gathering for industry professionals. Attendees from diverse sectors—including employers, TPAs, brokers, captive managers, stop-loss carriers, and solution providers—will come together to gain insights from industry experts, build valuable connections, and discover the latest solutions in the field.

 
 
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Captive Education

Conferences & Webinars

Check out the Captive

Calendar of Events

 
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Captive Claim Highlight

Client Profile

Industry: Real Estate
Specialty: Commercial Real Estate Manager
Location: Florida

Claim Information

Description: One of our Insureds hired a subcontractor to help them complete a job. The subcontractor demonstrated unsatisfactory workmanship and the inability to complete their part of the project in accordance with the required code. The subcontractor breached its contract with the Insured at a magnitude that justified terminating the subcontractor agreement. The Insured incurred additional expenses associated with fulfilling the defaulting subcontractor's contractual obligations. Through their Captive's Actual Net Loss Insurance Policy "Subcontractor Default" coverage, the Insured received reimbursement for those additional expenses incurred.
Line of Coverage: Subcontractor Default
This exposure was elected for coverage by the client under their Captive policy. This resulted in a claim payment amount of approximately $60,000.
*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:

7/4: Independence Day

7/7: World Chocolate Day

7/11: 7 Eleven Day

7/12: National Pecan Pie Day

7/15: National Pet Fire Safety Day

7/19: National Ice Cream Day

7/25: National Day of the Cowboy

7/28: Buffalo Soldiers Day

7/30: International Day of Friendship

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Why Form a Captive?

 

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:
  • Life
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  • Long-Term Care
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  • Personal
  • Captive
  • More...
 
 

48 South Service Road

Suite 400

Melville, NY 11747


Office: 1-833-US-CAPTIVE

     (1-833-872-2784)

Fax: 1-888-929-6565

 

www.US-Captive.com

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