Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Insurance Plan.

The article discusses the lawsuits by Lexington Insurance as well as State National Insurance and a California youth baseball league which raise questions about captive insurance plan. Topics include a cross-claim filed by a Texas insurance agency in the Lexington suit, arguing it was not part of the scheme but was a victim, comments from insurance industry consultant Chris Burand on the cases and the types of problems they allege, and number of captive companies in the U.S. in 2021.