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Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
Captive International covers a statement CIC Services made in regards to the recent IRS communication about rooting out tax evasion in the micro captive setting. CIC describes the IRS communication as “bullying.”
Insurance Business America covers the recent lawsuit filed by CIC Services against a former client, SRM Group, its owner, Suresh Prabhu, and two related captive insurance companies formerly managed by CIC Services.
Captive International reports on CIC Services’ recent lawsuit against a former client, SRM Group, its owner, Suresh Prabhu, and two related captives CIC formerly managed, for breach of contract and fraud.
Captive Insurance Times reports on CIC Services petitioning the Supreme Court of the United States to hear our lawsuit against the Internal Revenue Service (IRS) regarding IRS Notice 2016-66.
Captive International covers CIC Services’ petition asking the Supreme Court of the United States to hear our cast on the Internal Revenue Service’s Notice 2016-66.
Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
Captive International covers a statement CIC Services made in regards to the recent IRS communication about rooting out tax evasion in the micro captive setting. CIC describes the IRS communication as “bullying.”
Insurance Business America covers the recent lawsuit filed by CIC Services against a former client, SRM Group, its owner, Suresh Prabhu, and two related captive insurance companies formerly managed by CIC Services.
Captive International reports on CIC Services’ recent lawsuit against a former client, SRM Group, its owner, Suresh Prabhu, and two related captives CIC formerly managed, for breach of contract and fraud.
Captive Insurance Times reports on CIC Services petitioning the Supreme Court of the United States to hear our lawsuit against the Internal Revenue Service (IRS) regarding IRS Notice 2016-66.
Captive International covers CIC Services’ petition asking the Supreme Court of the United States to hear our cast on the Internal Revenue Service’s Notice 2016-66.
Sign Up for the Captivating Thinking Newsletter
Businesses who implement ERM programs combined with a captive to plan for unforseen risks stand a better chance of surviving, and passing to the next generation.
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
Profitable captives will see their reserves grow over time to significant sums which can be utilized by their owners for retirement or other life cycle needs.
Insurance companies are the only entities allowed to expense projected future expense against current-year revenues (claim reserves). Small captives (premiums of $2.2M or less per year) may also elect to only be taxed on their investment income, potentially resulting in substantial tax savings for their owners.
Utilizing your captive to reduce or replace your commercial insurance coverage with policies issued by your captive allows you to capture insurance profits previously realized by the carriers.
Adding a captive and ERM program will result in a higher awareness and enhanced strategies for how your organization thinks about and plans for all risks.
The assets held by a properly organized and managed captive enjoy a very high degree of protection from both the business’ and business owner’s creditors.
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