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OWNING YOUR OWN INSURANCE COMPANY.
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Weekly, clear-headed commentary on the captive industry.
After a two week hiatus to cover the recent IRS defeat in the Securitas captive insurance case, we finally turn our attention to the finale of our Top Ten Captive Myths. It’s critical to address these myths because they so often cause business owners to miss out on the benefits of captive ownership or the [...] Continue reading
Next week, we will finish our series on the Top 10 Captive Myths. However, late in 2014, the I.R.S. has fortuitously provided a gift to the captive industry and businesses considering owning their own insurance company. That gift is another defeat in U.S. Tax Court in the Securitas case, providing even more reason to be [...] Continue reading
It’s been said that history repeats itself, and this certainly seems to be the case when the Internal Revenue Service challenges captive insurance companies. After a stinging defeat in early 2014 against Rent-A-Center, the Service challenged Securitas in U.S. Tax Court in late 2014. On October 29, the Court handed down its ruling in favor [...] Continue reading