In light of current events, we are reminded once again of the importance of ensuring business owners have the right cyber coverage. Coverages for breach of data, computer system failure, and contingent business interruption are... read more...
Category: Industry News
Advocating for Captive Insurance
April 16, 2021 – SIIA Advocates Balanced IRS Approach to Captive Insurance, U.S. Business Needs. The IRS recently issued IR 2021-82, in which it urges participants in abusive micro-captives to exit such structures. The announcement... read more...
News Alert – IRS Letter on “Micro-Captives”
On March 23, 2020 Captive owners began receiving IRS Letter – “Micro-Captive Insurance”. The mass-produced form letter is a non-event, as it merely reminds everyone that premiums paid to captive programs similar to those in... read more...
The Value of Captive Insurance During the Outbreak
Oxford’s Own, Susan Euteneuer Quoted in New York Times As business owners grapple with the magnitude of current events related to the COVID-19 outbreak, the benefits of establishing a captive insurance business have gained additional... read more
Gun Tax Challenges Business Owners in Tacoma, Washington
In an effort to increase the regulation of gun sales in Tacoma, local legislation has proposed a new tax per gun sale to go towards violence prevention programs. In the Wall Street Journal, Dan Davis,... read more...
Baby Powder Recall – Erring on the Side of Caution
Johnson & Johnson has recalled almost 33,000 bottles of baby powder to dampen the accusations of the presence of asbestos in their talc powder. This is an expensive event, especially at this vulnerable time for... read more...
Reduced Availability for High-Interest Loans
Google is taking a stand against high-interest consumer loans. In 2016, Google banned Payday loans from its search browser. Today, they are banning them from their app store. If your company offers Payday or high-interest... read more...
Are Blackouts Disrupting Your Business?
In an effort to recoup losses and prevent dangerous wildfires, Pacific Gas & Electric (PG&E) has begun rolling blackouts, affecting over 800,000 residents and businesses throughout California. Could a power disruption cause a loss for... read more...