Rising insurance premiums are costing businesses millions of dollars they can ill afford as they navigate the coronavirus pandemic. Many companies are responding by trying to manage risks on their own. A surge in demand for so-called captive insurance and the increasing amount of capital being devoted to mitigating risks have caught many in the industry by surprise, including brokers who sell the idea of setting up a captive insurer.

Source: Wall Street Journal September 27, 2020 12:00 UTC