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OWNING YOUR OWN INSURANCE COMPANY.
The Principals of CIC Services, LLC Have Over a Century of Experience in the Insurance Industry.
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Weekly, clear-headed commentary on the captive industry.
That’s right Robin, it appears domestic captive insurance domiciles grew in 2016. Batman, did you see that Tennessee added 37 new captives and 67 new cells? I did, Robin. And did you see that North Carolina doubled their number of licensed captives from 2015 to 2016, ending the year with 550 pure captives or cell […] Continue reading
The Self Insurance Institute of America (SIIA) and Sean King, JD, CPA, of CIC Services, LLC have called on the IRS to either suspend or repeal Notice 2016-66, as reported in Captive Insurance Times (CIT). Notice 2016-66 places additional reporting requirements on small captive insurance companies (CICs) that make an 831(b) tax election. According to […] Continue reading
This week, CIC Services attended the World Captive Forum (WCF) in Boca Raton, Florida. One of the large focal points of the conference was the impending change facing the insurance industry, fueled by the “Sharing Economy” and “extreme risks” like cyber, flood and terrorism. In this shifting landscape, captive insurance companies (CICs) are expected to […] Continue reading