Tax Court Decision Underscores Captive Insurance Benefits

Law360, New York (February 28, 2014, 1:00 PM EST) -- A great business opportunity that may provide significant tax advantages is for a company to form its own wholly owned captive insurance company to insure the risks of affiliated companies. Captive insurance companies provide numerous economic and business benefits, including reduced insurance costs, coverage for risks that might otherwise be uninsurable, and enhanced loss prevention and claims management....

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