MONTGOMERY, AL—The Alabama Property and Casualty Adjusters Association (APCAA) endorsed the Alabama Captive Association (ACA) internship program.
The APCAA develops the workforce of existing Property and Casualty Insurance Claims Adjusters by developing and offering quality continuing insurance and legal education in Alabama. In an effort to engage and support the upcoming generation of insurance professionals, the APCAA endorsed the newly developed internship program presented by the Alabama Captive Association.
The Alabama Captive Association’s “Risky Business” Internship Program is a unique and collaborative program that provides college students the opportunity to gain experience in multiple risk management environments during the course of an 18-week internship. Arsenal, Alabama Municipal Insurance Corporation (AMIC), and the Alabama Department of Insurance (AL DOI) as founding partners will provide college and graduate students the opportunity to gain real-world experience in the Risk Management and Insurance industry by exposing them to daily operations of an industry service provider (Arsenal), a traditional insurance company (AMIC), and the regulatory authority (AL DOI).
“ACA is excited to partner with Arsenal, AMIC and AL DOI on this internship program,” President of the Alabama Captive Association Norman Chandler said. “We also want to express our gratitude to the APCAA for their endorsement.”
In this 18-week internship program, selected students will spend five weeks in-office with Arsenal, five weeks with AMIC, and five weeks with AL DOI, allowing interns to experience the multifaceted nature of the insurance industry. The first week of the internship is an orientation to the program, the second to last week is spent at the students’ entity of choice, and during the final week of the program, students will prepare a presentation on the topic of their choice focused on the knowledge they gained about the industry during the internship.
Justin Law, Managing Director of the ACA internship program, said, “With so few insurance-focused programs in the State of Alabama, the ‘Risky Business’ internship program gives us a platform to increase engagement with educational institutions to educate students about the opportunities in the risk management and insurance industry.”
The first selection of interns received their invitation to participate in the internship program in January 2020. A select number of students will be invited to participate in this program during the Summer and Spring semesters. For more information on the Alabama Captives Association’s “Risk Business” Internship Program, contact Justin Law, Managing Director of Strategic Initiatives, at jlaw@arsenalRMI.com.
The Alabama Captive Association (ACA) provides captive networking and educational opportunities for captive owners and captive insurance professionals while promoting the collective voice of its members with state and federal regulators, legislators, and the National Association of Insurance Commissioners. For more information, visit alcaptives.org.
Arsenal, a nationally recognized leader in the captive industry, provides unique insurance and business solutions in the alternative risk sector not available through traditional risk management mechanisms. With broad experience in P&C and L&H risks within regulatory and industry frameworks, the Arsenal team manages the full process for our clients from design and implementation to management and consulting. With physical locations in Alabama, Florida, Tennessee, New York, Texas, Vermont, and a strategic partnership in the Cayman Islands, Arsenal is one of the few independent captive managers that provides services in the top captive domiciles.
Alabama Municipal Insurance Corporation (AMIC) is a mutual insurance company organized under the laws of the State of Alabama and owned by its participating Alabama member municipalities. AMIC writes all lines of automobile insurance, commercial general liability, police professional liability, public officials’ errors and omissions coverage, bonds, property, inland marine and more. AMIC is the only company writing municipal business in Alabama that offers first dollar defense coverage as well as co-volunteer liability.
The Alabama Department of Insurance (AL DOI) is part of the U.S. insurance regulatory framework which is a highly coordinated state-based national system designed to protect policyholders and to serve the greater public interest through the effective regulation of the U.S. insurance marketplace.
The Alabama Property and Casualty Adjusters Association (APCAA) cultivates the workforce of existing Property and Casualty Insurance Claims Adjusters in Alabama by developing and offering quality continuing insurance and legal education in Alabama. APCAA also promotes the Property and Casualty sector of the Alabama insurance industry in order to attract top talent that will strengthen the future of the profession.