Justices to consider unanimous jury ruling
SCOTUS Blog, the blog of the United States Supreme Court, writes that the Supreme Court has agreed to review CIC Services vs. IRS, which concerns the applicability of the Anti-Injunction Act.
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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.
SCOTUS Blog, the blog of the United States Supreme Court, writes that the Supreme Court has agreed to review CIC Services vs. IRS, which concerns the applicability of the Anti-Injunction Act.
Captive Insurance Times covers The US Supreme Court’s decision to hear CIC Services’ case against the Internal Revenue Services (IRS) regarding IRS Notice 2016-66.
Captive Review has published an article by Nate Reznicek of CIC Services called Covid-19, the IRS and captives. How can captive insurance help businesses navigate a global pandemic and economic crisis?
Risk Management Monitor has published an article by Sean King of CIC Services. The article, Using Captives to Insure Against Black Swan Events, details how captive insurance can protect businesses during unpredicted crises.
Bloomberg Tax has published an article about CIC Services, LLC, v Internal Revenue Services, the CIC Services lawsuit against the IRS.
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.
SCOTUS Blog, the blog of the United States Supreme Court, writes that the Supreme Court has agreed to review CIC Services vs. IRS, which concerns the applicability of the Anti-Injunction Act.
Captive Insurance Times covers The US Supreme Court’s decision to hear CIC Services’ case against the Internal Revenue Services (IRS) regarding IRS Notice 2016-66.
Captive Review has published an article by Nate Reznicek of CIC Services called Covid-19, the IRS and captives. How can captive insurance help businesses navigate a global pandemic and economic crisis?
Risk Management Monitor has published an article by Sean King of CIC Services. The article, Using Captives to Insure Against Black Swan Events, details how captive insurance can protect businesses during unpredicted crises.
Bloomberg Tax has published an article about CIC Services, LLC, v Internal Revenue Services, the CIC Services lawsuit against the IRS.
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.