All insurance companies are formed pursuant to state law, with captive insurance companies insuring the risk of the company that owns it. Instead of a company buying an insurance policy, they establish an insurance company... read more...
Hospital pays nearly $17G in bitcoins to hackers who disabled computer network
A Los Angeles hospital paid a ransom of nearly $17,000 in bitcoins to hackers who infiltrated and disabled its computer network because paying was in the best interest of the hospital and most efficient way... read more...
Retail sector is most vulnerable to data breaches in California
A recent report found that overall there were 657 data breaches between 2012 and 2015. More than 49 million records of Californians’ personal information were compromised. Of those, the retail sector was the most vulnerable... read more...
831(b) Captives Make IRS Dirty Dozen Tax Scam List
For the second year in a row, 831(b) captive insurers have ended up on the IRS annual Dirty Dozen list of “tax scams.” Although after recent legislative changes, the maximum annual premium contribution has been... read more...
Cavaliers’ Kyrie Irving Gets Apology After Being Bitten By Bedbugs
Hilton Hotels apologized Tuesday after Cleveland Cavaliers guard Kyrie Irving said he was bitten by bedbugs during a weekend stay in downtown Oklahoma City. After playing less than ten minutes in the game against Oklahoma... read more...
Oxford’s President of Sales Travels to Hartford, CT on March 7 & 8, 2016
Oxford’s President of Sales, Geoff Heyl, is traveling to Hartford, CT on March 7 & 8, 2016. If you have clients or advisors in the area who would like to meet with Geoff while he... read more
Oxford’s President of Sales Travels to New York City on March 9, 2016
Oxford’s President of Sales, Geoff Heyl, is traveling to New York City on March 9, 2016. If you have clients or advisors in the area who would like to meet with Geoff while he is... read more
Exxon Mobil Nearly Stripped of AAA Rating
Exxon Mobil’s credit was put on CreditWatch with negative implications by Standard & Poor’s. This is the first step in what could be a removal of the AAA rating from the oil giant. The credit... read more...