50th State Risk Management Services
The State of Hawaii is the premier captive insurance domicile in the Pacific Basin. 50th State Risk Management Services are specialists in providing independent captive insurance management services for Hawaii-domiciled captives. We provide existing and prospective captive owners with the necessary resources and information to exploit the optimum opportunities afforded by their captive insurance facilities.
The hard-market era of the 80's forced many businesses and professional organizations to seek a more cost-effective means of obtaining insurance. Many corporations created their own insurance company subsidiary (captive) in which they became the ultimate bearer of losses sustained by the captive's parents. The current hard-market is causing many corporations to revisit the formation of a captive as a means of a more cost-effective method of obtaining insurance. 50th State's approach is to offer clients a wide range of products and services and let them choose those that are appropriate for their specific needs and expectations.
Professional Investigative Services
Since 1994, insurance companies, third party administrators, self-insured businesses and law firms have turned to us for insurance fraud investigations, surveillance, background checks and other vital services. Our extensive knowledge of Hawaii’s insurance industry enables us to investigate questionable claims effectively and gather information that leads to a successful resolution. We’ve built strong working relationships with Hawaii’s local, state, military and federal law enforcement agencies and have earned a reputation for competent, professional work. In addition, we have access to proprietary and specialized databases to assist in our investigations. As an industry leader, our expertise has increased productivity resulting in the reduction of claim costs and a high return on investment for our clients. For more information, contact the Special Investigative Unit: 808-544-3979.