The U.S. continued its growth of the number of captive insurance companies in 2015. Overall, the number of captives increased by 7% from 2014. Captive insurance companies are utilized as a popular risk management strategy and have been implemented by nearly all Fortune 500 Companies.
The Internal Revenue Service has taken a renewed interest in company’s compliance with the 831(b) regulation governing captive insurance entities. These captives are generally started by companies that have no more than $1.2M in risk to insure annually. Companies that … Continued
The insurance industry is one of the most highly regulated industries in the United States. There is no shortage of state and federal rules governing how property and casualty insurance companies are to conduct business.