Politics· States Newsroom

Officials take another look at hospital use of offshore captive insurance companies

States Newsroom · October 10, 2026

State officials are taking another close look at how Maryland’s nonprofit hospitals store billions of dollars in “captive insurance” companies domiciled in the Cayman Islands to determine if those funds should be subject to state taxes. Hospital representatives, a national whistleblower and Maryland Insurance…

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Officials take another look at hospital use of offshore captive insurance companies

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