Michael T. Scott is an attorney at Allison & Mosby-Scott where he heads the firm’s Business Law practice and serves as President of Allison & Mosby-Scott Risk Management, the firm’s risk management consulting practice. Michael’s practice areas include business and commercial litigation; business organization and transactions; mergers and acquisitions; ERISA; contracts; crop insurance and captive insurance company taxation, formation and regulation. Michael leverages his 22 years of legal experience and his unique skills as a strategic thinker and problem solver to help clients solve complex legal issues and to achieve their strategic goals.
Prior to joining the firm, Michael was Vice President, Insurance & Risk Management at Archer Daniels Midland Company (ADM) and President and General Counsel of Agrinational Insurance Company, the captive insurance company of ADM. Under his leadership Agrinational became one of the most admired captive insurance companies in the world. Agrinational was named the 2012 Captive Insurance Company Association Outstanding Captive award winner as well as the 2012 World Captive Forum Award of Excellence winner. Agrinational was also one of the ﬁrst companies to receive Department of Labor approval to reinsure US employee beneﬁts.
Michael also has extensive experience in business formation, mergers and acquisitions and regulation. He oversaw the acquisition of a crop insurance MGA, its growth to $550 million of gross written premium, and ultimately its sale for a gain of $120 million. He was also responsible for the formation and operation of an Illinois captive insurance subsidiary and the acquisition and operation of an Arizona insurer licensed in 42 states.
Michael is a frequent speaker on risk management, insurance, and captives and is a published author who has served on many boards. He served as a Director and member of the Audit Committee of United Insurance Company, a Cayman Island insurer, served on the Chubb and Swiss Re Client Advisory Panels and currently serves as a Director for the Captive Insurance Companies Association. He has also served in leadership roles at the American and Illinois State Bar Associations.
Prior to his time at ADM, Michael served as a corporate attorney for State Farm Insurance Companies in Bloomington, Illinois. In addition to being licensed to practice law in the States of Illinois and Vermont, Michael holds the CPA, CRM, CPCU, CLU, ChFC, FLMI, ARM, ARC, AIC, AMIM, ARe, AIAF, AU, and CGMA designations. He is also a member of the Lawyers of Distinction. He is a graduate of the University of Illinois and Southern Illinois University School of Law.
Michael and Michelle, his wife of over two decades, have three children and live in Bloomington, IL. Michael enjoys golf, sports with his kids, and travel.