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Ross Automotive Consultants Partners with Captive Risk Management to Launch Insurance Program for Auto Dealers
The program lets dealers fund wind and hail deductibles through a segregated cell while turning unused premiums into a dealer-owned asset.
- On Wednesday, Ross Automotive Consultants and Captive Risk Management launched an IRS-compliant program enabling auto dealers to manage wind and hail damage through a segregated reinsurance cell.
- Severe convective storms have delivered more than $50 billion in annual insured losses for three consecutive years, according to the Insurance Information Institute, while average hail damage claims nearly doubled to approximately $8,200 per vehicle since 2020.
- "Auto retail carries one of the most concentrated, weather-exposed inventories in American business, and the standard insurance market has not kept pace," said Kenny Adkins of Captive Risk Management .
- Dealerships can now stop treating deductible costs as sunk expenses and build segregated, dealer-owned assets instead, said Jim Ross, CEO of Ross Automotive Consultants , whose firm offers complimentary feasibility analyses.
- Since all investments carry significant risk, operators should consult professional tax or legal advisors to determine whether this structure aligns with their specific business objectives and financial circumstances.
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Leaning Left13Leaning Right8Center38Last UpdatedBias Distribution64% Center
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L 22%
C 64%
14%
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