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NEW YORKFinancial publisher Dow Jones & Co. has set up a captive insurance company to help manage its terrorism-related exposures.
The New York-domiciled captiveBergstresser Insurance Inc. is writing only terrorism coverage, though there are plans for it to write property policies for Dow Jones and its subsidiaries and affiliates in the future, said Jody Wald, captives coordinator in the insurance department's dedicated captive group.
Under New York law, captives are not permitted to write third-party risks.
Mr. Wald declined to disclose how much coverage Bergstresser can write under its license.