Despite an avalanche of comments from all corners of the captive insurance industry criticizing Notice 2016-66 as unnecessarily burdensome, an affront to Congress, abusive and even downright vindictive (given the Service’s inability to win against captives in U.S. Tax Court), the Internal Revenue Service (IRS) has not altered course. The IRS’s reluctance to reconsider Notice 2016-66 has lead Ryan, LLC to join
Alternative risk financing, including captive insurance, continues to gain prominence as business threats continue to evolve in the fast-paced twenty-first century. These arrangements are unique and involve many moving parts. The past 18 months have been characterized by some significant changes in legislation and the regulation of captive insurance and other alternative risk management approaches.
With this environment in mind we are very pleased to announce that Nate Reznicek, ACI, CAB, PMP will be joining CIC Services, LLC as Director of Operations. Nate will be transitioning from
This Spring Captivating Thinking has discussed risk management, risk mitigation and insurance for small and mid-market companies. Most small and mid-size businesses are underinsured and for many, the best remedy is to own their own captive insurance company. Owning a captive insurance company enables small and mid-size business owners to blend third party commercial coverage
Question: How is insurance like a parachute?
Answer: If it’s not there when you need it, you probably won’t ever need it again.
This was the opening slide for the “Small Captive Claims Management” educational session at the 2017 Captive Insurance Companies Association (CICA) Conference on March 12-14 in San Diego, California. CIC Services regularly attends CICA to