The US Supreme Court has ruled in favour of the CIC Services in their case against the Internal Revenue Service over Notice 2016-66, in a unanimous decision
The IRS has established a new office that will coordinate efforts across multiple business divisions to address abusive syndicated conservation easements and ‘abusive micro captive insurance arrangements’, according to IRS commissioner Chuck Rettig
SIIA says that while the IRS continues activities related to captive insurance, it must also move towards recognising what an appropriate structure is, and issue appropriate guidelines to that purpose
The Internal Revenue Service has urged participants in ‘abusive micro captive insurance arrangements’ to exit these transactions as soon as possible
Micro captives have taken another knock back in the latest US tax court ruling involving Caylor Land & Development and the Internal Revenue Service
Jerry Messick, CEO of Elevate Risk Solutions, has been named chairman of the Self Insured Institute of America captive committee for 2021
The District of Columbia Department of Insurance, Securities and Banking will create a financial services regulatory sandbox, which is set to include captives, according to DISB Commissioner Karima Woods
A.M. Best has assigned a financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” to MMIC Risk Retention Group, Inc. (MMIC RRG)
