Looking for guidance on self insuring.

[Richard W.]

We own and run a mid size retail portfolio in Florida.

Renewal rates for PL insurance have gone through the roof, at almost triple last year premiums for some of our properties.

We decided to setup a captive to insure our properties. Our parent company is well capitalized and we can absorb losses, if needs be.

Any advice where I can turn to get the process started to setup a captive? Better still, any referral to pros that can help with the process?

Thanks.

[Richard W.]

Quote from @Cameron Moore:

I have never heard of this but being in FL it makes sense LOL, following this thread. 

 Lots of carriers left the state last year and continue to do so. In fact, we are unable to even get a quote on one of our beachside properties, even with no claim history!

There is a major insurance crisis in Florida and it is impacting everyone. This has the potential to wreck havoc with the investment climate here.