A few years ago, L&F Distributors, a McAllen, Texas-based beer wholesaler owned by Joe LaMantia and his family, decided to do something for its employees and their dependents about perpetually rising health costs.
L&F had previously created a captive insurance program for property & casualty and workers' compensation, and had expanded it to cover 38 beer distributors across the country. That success prompted the creation of a second captive insurance company covering health benefits for beer wholesalers, which was expanded three years ago to also cover industries not associated with the beer business. Today, all three programs are operated by BevCap Management, an insurance agency that L&F co-founded, and cover more than 20,000 lives in over 20 states.
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