The IRS “made no friends” in the industry or congress by sending letters taxpayers seeking information about their participation in micro-captive insurance transactions after the US declared a national emergency, according to Sean King of CIC Service
The US Supreme Court has agreed to hear CIC Services’ case against the Internal Revenue Services regarding IRS Notice 2016-66
CIC Services has suggested that the Internal Revenue Service’s “scare tactics” have left businesses unprepared amid the current COVID-19 pandemic
CIC Services has petitioned the Supreme Court of the US to hear its lawsuit against the Internal Revenue Service regarding IRS Notice 2016-66
The Internal Revenue Service has decided that it benefits from blurring the lines between good and bad rather than clarifying them, according to Sean King of CIC Services in reaction to the new IRS settlement scheme for micro captives.
CIC Services’ petition for an en banc review of its challenge against the IRS Notice 2016-66 has been denied by the US Court of Appeals for the Sixth Circuit
CIC Services has launched a new reinsurance pool for property and casualty coverages
CIC Services has vowed to continue its fight against Internal Revenue Service (IRS) Notice 2016-66, following the denial of its challenge in the US Sixth Circuit Court of Appeals last week
The use of AI platforms such as ChatGPT is exponentially on the rise and there is potential for the captive industry to use the platform. However, the risks shouldn’t be taken lightly
Shoshanna Simmons of CIC Services explains the increased complexities in the excess and surplus insurance markets
ESG investing can set businesses apart in showing their solidarity in improving the world around them. This is good, but businesses need to understand the risks and have plans in place to mitigate them, says Randy Sadler, principal at CIC Services
Ben Whitehouse of Butler Snow and Kevin Walters of the Tennessee Department of Commerce and Insurance discuss regulatory updates and the importance of having a symbiotic relationship between the regulator and captive companies
Emerging talent Noah Miller talks to Frances Jones about his experience working at CIC Services and his future aspirations working in the captive industry
Arizona Captive Insurance Association president Rae Brown says the state’s captive service providers are not only seeing an increase in captive formations but also inquiries to determine the use of captives as a strategic tool in risk management programmes
Sean King of CIC Services discusses the firm’s upcoming case against the IRS in the Supreme Court, what a win would mean for the industry, and the support they are receiving from the captive insurance industry throughout this legal process
With the US Government’s longest ever shutdown still fresh in the minds of many Americans, could captives offer a solution to cover an estimated loss of more than $10 million per hour?
