Jerry Messick, CEO of Elevate Risk Solutions, has been named chairman of the Self Insured Institute of America captive committee for 2021
The IRS' statement "is a combination of past talking points that are meant to scare business owners utilising captives into exiting their captive structures, regardless of whether they are doing the right thing or not”, says Ryan Work of SIIA
The IRS said taxpayers should not assume it will able to settle any transactions with the IRS or chief counsel on terms more favourable than the previously announced settlement offers
The US Senator for Colorado Cory Gardner has called for the Internal Revenue Service, to suspend its review of tax benefits claimed by micro captives until resolution of the current litigation in the US Court of Appeals for the Tenth Circuit
Offshore micro captive insurance products were listed as a potential “abusive tax scheme” in a study by the US Government Accountability Office
Nearly two dozen national and state organisations in the US have filed a joint amicus brief before the US Supreme Court in the case of CIC Services LLC v. Internal Revenue Services
Ryan Work of SIIA, Peter Kranz of Beecher Carlson and Alan Fine of Brown Smith Wallace react to the removal of micro captives from the IRS’ 2020 ‘Dirty Dozen’ list
SIIA has written a letter in response to Executive Order 13924, asking for the treasury and office of management and budget to direct the IRS to more appropriately define captive guidance while more efficiently and cost-effectively collecting the app
Industry experts discuss 2023’s captive market performance, trends and developments and share predictions for the coming year
Industry experts discuss the increase in business interruption coverage after the COVID-19 pandemic caused large disruption for many firms worldwide
Ryan Work of SIIA discusses the IRS’ ‘ill-timed’ letter to captive insurance companies and the future of business risk as many US states started to institute stay at home orders
As the IRS’ battle against micro-captives continues, industry experts discuss the latest settlement offer made by the IRS and what its next move could be
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
The IRS has increased its scrutiny of captives, but those that follow the rules have nothing to worry about, as John Dies of alliantgroup tells Becky Butcher
CIT talks to Mike Ferguson of the Self-Insurance Institute of America to see what the trade association is up to, and how its initiatives are progressing
