The IRS recently filed a petition to enforce summonses issued to investigate tax liability stemming from a business’s involvement in a captive insurance transaction. While captives can have many advantages—ranging from increased control, reduced costs, and favorable tax benefits—the IRS petition underscores the importance of structuring and implementing captives in accordance with all applicable laws.
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Captive Insurance
Hunton Insurance Partner, Andrea DeField, Weighs In On Cyber Insurance Captives
By Hunton Andrews Kurth LLP on
Posted in Captive Insurance, Cyber
Hunton Andrews Kurth LLP insurance partner, Andrea DeField, was recently interviewed by Courtney DuChene for Risk & Insurance magazine for their article, Cyber Captives 101: Is Self-Insuring the Right Risk Mitigation Choice for Your Business? As we’ve discussed previously on the blog, the cyber insurance market has become increasingly difficult, see here, here…
To Incorporate or Not to Incorporate? That is the Captive Cell Question
By Yaniel Abreu on
Posted in Captive Insurance
As the use of captive insurance companies continues to grow, one issue businesses may face is whether to incorporate cells within a captive cell program. In a recent article in Business Law Today, Hunton attorneys Lorie Masters, Patrick McDermott, and Latosha Ellis address some of the relevant considerations.
Continue Reading To Incorporate or Not to Incorporate? That is the Captive Cell Question