Insights

2/19/2025 9:05:00 PM

Micro-captive Insurance Reportable Transactions and the Reporting Requirements

By Jeffrey K. Simpson Eryn Brasovan Andrew J. Rennick +1 more...

Certain micro-captive transactions are back to being reportable. On January 14, 2025, the Treasury Department and the Internal Revenue...

1/29/2025 11:07:00 PM

Jeff Simpson to Speak on “New IRS Reporting Rules for Captives Taking the 831(b) Election”

By Jeffrey K. Simpson

Womble Bond Dickinson Partner Jeff Simpson, alongside Captives.Insure’s Nate Reznicek and Pinnacle Actuarial Resources, Inc.’s Rob...

8/16/2024 3:03:00 PM

Newly Passed North Carolina Law Aims to Bring in More Captive Insurance Companies, Risk-Retention Groups

By Andrew J. Rennick

An audio summary of this article is available in the player below. Scroll to keep reading. Listen and subscribe to Womble Perspectives...

5/29/2024 8:09:00 PM

The Impact of the Corporate Transparency Act on Companies in a Captive Insurance Structure

By Andrea Murphy Andrew J. Rennick Jeffrey K. Simpson

An audio summary of this article is available in the player below. Scroll to keep reading. Listen and subscribe to Womble Perspectives...

1/17/2024 9:23:00 PM

Insurance Premium Finance Exemption—Missouri Commercial Finance Disclosure Legislation

By Joel Perrell Eryn Brasovan

An audio summary of this article is available in the player below. Scroll to keep reading. Listen and subscribe to Womble Perspectives...

5/25/2023 9:03:00 PM

Iowa on the Brink of Embracing Captive Insurance

By Brian Thomas

Iowa is on the brink of becoming the next state to embrace captive insurance companies. On April 24, the Iowa Senate unanimously passed...

10/18/2022 10:09:00 PM

How Captive Insurers Can Raise a “Bad Faith” Defense to the IRS’s Document Discovery

By Jonathan Reich

If you are running a business or engaging in transactions that the IRS doesn’t like – even if they are legal – then the IRS may take...

8/1/2022 7:53:00 PM

The Supreme Court of South Carolina Adopts the Post-Loss Exception

By Ryan Ellard

In PCS Nitrogen, Inc. v. Cont'l Cas. Co., 436 S.C. 254, 871 S.E.2d 590 (2022), the Supreme Court of South Carolina formally adopted the...

6/10/2021 8:06:00 PM

CIC Services, LLC v. Internal Revenue Service: Captive Insurance Wins a Battle, but the War Continues

By Jeffrey K. Simpson Andrew J. Rennick Brian Thomas

On Tax Day, May 17, 2021, in a unanimous opinion authored by Justice Kagan, the United States Supreme Court held that the Anti-Injunction...

10/26/2020 9:41:00 PM

COVID-19 Shutdowns, Related Litigation Put Pressure on Business Interruption Insurers

By Rachel Keen Jonathan Reich

Executive SummaryCompanies in the United States continue to file business interruption lawsuits against their insurers for claims arising...

4/18/2020 1:47:00 AM

Arizona Department of Insurance Regulatory Bulletin 2020-04

By Womble Bond Dickinson

On April 16, 2020, the Arizona Department of Insurance issued Regulatory Bulletin 2020-04, addressing the flexibility that the Agency...

4/9/2020 8:26:00 PM

Getting Back to Work After Confirmed COVID-19: The Importance of Response Planning

By Lisa Rushton

Womble Bond Dickinson Partner Lisa Rushton co-authored this Client Alert with Shaun C. Malin, PG, Regional Manager, HRP Associates,...

3/23/2020 9:12:00 AM

Coronavirus – Business Insurance Policies Which May Apply

By Greg Horton Rachel Keen Jonathan Reich +1 more...

As more and more businesses are impacted, meetings and events are cancelled, projects are halted, and operations are closed in response...