Insurance - Towson, MD, US
Taft principals provide strategic vision based on decades of experience with captive insurance companies plus energetic leadership that has helped influence the risk management industry and the general business communities to adopt Alternative Risk Transfer (ART) methods. ART structures are equally adaptable to risk management of four broad areas of focus: • Property and casualty risks including workers' compensation. • Employee benefits, principally health plans and short- and long-term disability. • Enterprise risk, a broad area addressing risks that are difficult or impossible to insure through conventional insurance coverage. • Unusual or unique specialty risks on a case-by-case basis. It is important for prospective clients to know that it is no longer necessary to go to offshore insurance domiciles to satisfy alternative risk strategies. Rapid adoption of advanced captive insurance enabling laws and regulations among many U.S. states and the District of Columbia – in many cases with the advice and participation of Taft principals – provide convenient access to an appropriate domestic domicile for any prospective captive owner. For those few times that may be necessary, Taft maintains strategic partnerships in the Bermuda and Cayman Islands markets.
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