Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

Infinex Financial Group’s Annual Innovate Conference Delivers Top Attendance Numbers in the 2020 Virtual Summit Format


Innovate Digital Summits Logo

Infinex’s Innovate ’20 Logo

Everyone is having to adapt in this new environment, but we wanted to do so in a way that generated a more personal, premier experience for our clients.

Infinex Financial Group (Infinex), a leading third-party marketing firm and independent broker/dealer, announced the successful conclusion of their third Innovate Digital Summit. This Summit was created for Program Managers in the bank and credit union channel. A series of five Digital Summits replaced Infinex’s annual Innovate National Sales Conference, a top event in the financial services industry that was originally set to take place in September 2020 at the Mohegan Sun in Uncasville, CT.

“Infinex’s Innovate Sales Conference has grown over the years to become one of the leading events in our industry and in the bank and credit union channel. We didn’t want our clients to miss out on the opportunity to connect with each other and our strategic partners. However, their safety was our number one priority,” shared Scott Davis, Executive Vice President and Chief Relationship Officer at Infinex. “Instead of moving the entire conference into a crammed, three-day online set-up, we decided to customize the digital experience as much as possible. We planned five separate Innovate Digital Summits, each speaking to the precise needs of a key audience. We recently completed our CEO, Wealth Solutions and Program Manager Summits. We are excited to launch our Financial Professional Summit later this month.”

When asked about the decision to create five unique Digital Summits, Ida Viglione, Infinex’s Senior Vice President and Director of Training and Development, said, “Everyone is having to adapt in this new environment, but we wanted to do so in a way that generated a more personal, premier experience for our clients. Five distinct digital summits helped solve for this. The CEO Summit was our first and the great success was unanticipated. Due to the positive feedback, it’s an event we will continue to host for years to come. Our Wealth Solutions Summit engaged financial professionals and advisors interested in growing their insurance and advisory practices. Most recently, our Program Manager Summit saw record attendance and we have a feeling our next summit will be just as popular.”

Infinex’s Innovate Program Manager Summit had three times the number of Program Managers attend given the new, easily accessible, digital approach.

Innovate ’20: Financial Professional Digital Summit

Infinex’s Financial Professional Digital Summit will take place Oct. 19 to 23. The Summit will highlight virtual strategies for connecting with colleagues, clients, referral sources, and prospects, along with best practices for thriving in today’s economic environment.

Infinex programs and financial professionals can register for the Innovate ’20 Digital Summits on Infinet, Infinex’s proprietary system. Other interested parties can contact Ida Viglione, Infinex’s Senior Vice President, Training and Development, at iviglione@infinexgroup.com.

About Infinex Financial Group

In 2018, Infinex celebrated its 25th anniversary as an independent broker/dealer focused on serving the investment, insurance and wealth management needs of financial institutions. Currently, Infinex supports over 220 community-based programs and more than 650 advisors. The firm, headquartered in Meriden, Conn., with offices in Napa, Calif., and Midlothian, Va., has a unique history of being formed by financial institutions and owned by financial institutions. To learn more about Infinex Financial Group, visit http://www.infinexgroup.com.

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Elite Insurance Partners’ CEO Jagger Esch Named as Honoree on Tampa Bay Business Journal’s 40 Under 40 Class of 2020 List


Jagger Esch 40 Under 40 Honoree

I’m honored and excited to have placed on the 40 Under 40 list,” says Esch. “Having my name on a list that includes such talent in the greater Tampa Bay Area is a true testament to hard work paying off. I’m grateful to have an amazing team to support me in everything that I do.

Elite Insurance Partners’ CEO, Jagger Esch was named one of the top 40 Under 40 businesspeople by the Tampa Bay Business Journal.

On the 40 Under 40 list, the Tampa Bay Business Journal recognizes businesspeople under the age of 40 who have shown success and a commitment to the betterment of Tampa Bay. The list includes professionals across a wide range of industries who reside in Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk, and Sarasota counties.

Esch was chosen from a pool of almost 500 nominations and 215 submissions. Along with the other honorees, he will be featured in a special print edition of the Tampa Bay Business Journal, on October 23. In light of COVID-19, there will be no in-person event.

“I’m honored and excited to have placed on the 40 Under 40 list,” says Esch. “Having my name on a list that includes such talent in the greater Tampa Bay Area is a true testament to hard work paying off. I’m grateful to have an amazing team to support me in everything that I do.”

For a full list of the Tampa Bay Business Journal 40 Under 40 Class of 2020, visit: https://www.bizjournals.com/tampabay/news/2020/09/02/meet-the-2020-class-of-tampa-bay-business-journal.html

To read more about Jagger Esch, visit: https://www.bizjournals.com/tampabay/news/2020/10/07/get-to-know-jagger-esch-a-2020-40-under-40-honoree.html

About Elite Insurance Partners:

Founded in 2014, Elite Insurance Partners ranks in the top five Medicare brokerages in the nation. Representing over 30 carriers throughout the United States, their primary market is Medicare, but they also help with: dental, vision, cancer, heart attack, stroke, life, long-term care, and disability insurance. Assisting clients nationwide, their mission has always been simple: provide thorough education on all insurance options and help to find the best plan(s) for the needs and budget of each individual.

If you would like more information, please contact Lindsay Engle at LEngle@MedicareFAQ.com.

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Florida-based Insurance Brokerage Company Hires CMO to Accelerate Innovation Momentum


Jamie Needham

We are extremely pleased to add Jamie to our team of dedicated professionals. Jamie’s knowledge and expertise will add a depth of understanding to this position and our clients will be the better for it.

Leading technology and product distribution company Ensurem, based in Clearwater, FL, recently announced the hiring of Jamie Needham as Chief Marketing Officer.

As CMO, Needham is responsible for the vision, strategic direction, and performance of all Ensurem marketing and communication activities. A transformational leader with foresight and imagination, Needham has a history of surpassing business goals, delivering digital innovations and ensuring memorable customer experiences. As a part of the executive leadership team, Needham embodies Ensurem’s commitment to be their clients’ most important partner—creating connected brands with creativity, technology, and data at the core.

“I am honored to join this talented team who tirelessly work to help people achieve their goal of a better tomorrow by protecting themselves through a visionary and holistic approach of buying insurance,” said Needham.

With experience spanning insurance, financial services and telecommunications industries, her expertise includes leading business and brand strategy; strategic communications; integrated, multi-channel marketing and media; digital monetization and web analytics.

Needham is an accomplished marketing and communications executive with a history of successfully developing and leading strategies and high-performing teams for Fortune 500 organizations and international brands operating in regulated industries.

Her expertise and success have been recognized by highly respected organizations like Kasina, the Mutual Fund Education Alliance (MFEA), Ignites and the American Bankers Association. Her work has garnered features in The Wall Street Journal, U.S. News & Money, Yahoo! Finance and also landed the #9 spot on Sports Illustrated “Best of Instagram” list.

“We are extremely pleased to add Jamie to our team of dedicated professionals. Jamie’s knowledge and expertise will add a depth of understanding to this position and our clients will be the better for it,” said Ensurem CEO Dave Rich.

Before Ensurem, Needham held marketing and communications roles with H&R Block, Sprint (T-Mobile), Assurant and American Century Investments. Known for being a trusted advisor and consultant, she has also provided executive counsel and high impact strategies to a multitude of corporate organizations and government agencies at the local, state, and federal level.

Needham holds a Master’s Degree in Business Administration from Rockhurst University and a Bachelor of Arts Degree in Communications from the University of Kansas.

About Ensurem:

Ensurem, headquartered in Clearwater, FL, is a leading technology and product distribution company serving carriers and consumers within the massive U.S. senior market. The company provides end-to-end solutions for carriers, including product development, digital marketing, and consumer-centric front ends and back end. For more information, please visit Ensurem.com.

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What Are The Top Advantages Of Usage-Based Car Insurance?


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Compare-autoinsurance.org has launched a new blog post that explains the main advantages of usage-based programs and how they can lower car insurance rates

For more info and free online quotes, please visit https://compare-autoinsurance.org/top-advantages-of-usage-based-insurance/

Drivers can lower their car insurance costs by enrolling in a usage-based insurance program. Usually, a small telematic device is installed inside the policyholder’s vehicle. This device will send data about the time of day when the car is driven, braking, acceleration, speed, cornering, and the distance traveled in one day.

Drivers that allow their insurer to monitor their driving habits can receive the following benefits:

  • Get discounts really fast. Compared to the traditional method that took years of driving history to be analyzed in order to get a good driver discount, this method only takes several months of driving history to be analyzed in order to qualify for a discount.
  • Driving less means paying less. If the policyholder changes his driving habits, this will reflect in the paid insurance rates. Policyholders can drive fewer miles in order to qualify for a low-mileage discount.
  • It stimulates people to become better drivers. Knowing that every bad driving habit like how often the driver is hard braking, turns too sharply, or he is speeding is monitored by the insurer, can determine the policyholder to become a better driver.
  • It helps accident investigation. The telematics device records the moments before an accident happens. Data like the speed and the direction the car was traveling, airbag deployment and hard braking can help the investigators to find out what happened and who is at fault. Fraudulent claimants are also easier to catch by insurance companies.
  • It helps policyholders recover their stolen vehicles. Telematics devices come installed with tracking technologies. For this reason, recovering a vehicle equipped with one of these devices is much easier for the authorities.
  • Large discounts for teen drivers. Teens can lower their insurance rates by allowing them to be monitored by their insurers. Their rates can significantly reduce if they have good driving habits.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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NationsBuilders Insurance Services, Inc. (NBIS) Announces Expansion of Insured Risk Management Resources & ITI Training Partnership


NBIS – Leader in Specialty Construction Risk Management and Insurance Solutions

As a leading provider of Risk Management & Insurance Solutions, NBIS is expanding risk management resources, training modules and service partnerships. Every policyholder has access to our Risk Management Support System (RMSS™) and able to take advantage of resources and partnerships developed to support the safety culture, manage & reduce claims and increase compliance with industry regulations & standards.

NBIS partners with each policyholder to provide RMSS™ risk management resources and solutions, now with expanded offerings. The following highlights what is available:

    1.    Contract Management Assistance – customized contract review and language modifications based on best in class

        industry defense practices from our in-house claims leaders.

            a.    Expanded to include over 20 variations of contracts applicable in all 50 states.

    2.    Exclusive Partnerships and Services – additional services to support operations including dash camera purchase

        program, an immediate driver alert system for lane departure and collision avoidance and a telematics system to

        purchase and deploy.

    3.    An Exclusive new partnership with Industrial Training International (ITI) and the ITI Learning Hub which

         a.    Expanded relationship will power the NBIS RMSS platform offering insureds over 1,000 learning content titles

                from ITI and its partners such as The Crosby Group and Liebherr.

         b.    Through this partnership, ITI learning solutions will be available to insureds at substantial discounts. Solutions

                include live in-person and live online courses, online learning, VR simulation and more across subjects

                pertaining to cranes, rigging, lift planning, rigging engineering, heavy equipment and specialized transport.

    4.    Safety & Equipment Checklists – long standing section including pre-trip resources for heavy industry equipment to

        prevent wear and tear/equipment failures and avoid minor FMCSA violations.

         a.    Expanded to include frequently used checklists for crane assembly & disassembly, chain, hook and sling

                inspections, driver assessment and collision cost calculators.

“We are proud to serve our insureds with resources and tools that promote safety culture within their own companies” Bill Smith, NBIS EVP advised, further adding “having training solutions to meet the needs of their employees and partnerships that are turn-key to implement and provide immediate value”.

Want to learn more about NBS and the Risk Management Support System? Contact us today at 870.866.RMSS

To learn more about NBIS’ insurance solutions, visit us on the web: http://www.NBIS.com

Media Contact for NBIS: Lisa McAbee, Marketing Director – (770) 257-1707 lmcabee@nbis.com    

About NBIS

NBIS is the Premiere provider of Insurance & Risk Management Solutions to the heavy construction industry and the exclusively endorsed provider for the Specialized Carriers & Rigging Association (SC&RA). Providing coverage and Risk Management Services that works for you to prevent losses and give your company the best fighting chance in the event of a claim. For more information about NBIS, please visit: http://www.NBIS.com

About Industrial Training International (ITI)

Founded in 1986, ITI is the world’s foremost provider of educational and technical solutions for users of cranes, rigging, and load handling equipment through the following delivery methods: Instructor Led Training at Customer Locations and ITI Training Centers, Live Online and On-Demand Courses through the ITI Learning Hub Virtual Reality Crane & Equipment Simulations, Professional Consulting & Field Services, And Training Curriculum & Reference Materials through the ITI Book store. ITI serves thousands of customers across the globe spanning dozens of industry verticals, with offices and training centers in the USA, Canada, Brazil, and the United Kingdom. For more information about ITI, visit http://www.iti.com.

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NIP Group Hires Maria Hurley As Senior Vice President of People to Lead Their Human Resources Efforts


Maria Hurley

Maria provides a wealth of experience and knowledge that will allow us to continue to scale our successful divisions while ensuring the well-being of our employees

NIP Group (http://www.NIPGroup.com), a market leader in the insurance program business located in Woodbridge, NJ, is proud to announce the addition of Maria Hurley as Senior Vice President, People to lead their human resources efforts, continuing their successful HR strategies and leading transformation initiatives to enable long-term growth.

In this role, Hurley will be responsible for driving change as the strategic human resources leader for NIP Group. With a focus on serving as the leader for all people and HR programs, Maria will enhance organizational and cultural development, talent management, compensation management, and HR policies and compliance.

“Maria provides a wealth of experience and knowledge that will allow us to continue to scale our successful divisions while ensuring the well-being of our employees,” states David Springer, President of NIP Group. “With Maria’s addition to our senior leadership team, we are extremely excited for a bright future that will enable us to reach new heights, while continuing to foster a positive work environment for our NIP Group family.”

A results-oriented human resources leader with over 20 years of experience developing and implementing effective HR strategies, Maria brings a tremendous amount of Human Resources experience. She prides herself on being a motivational team leader with an exemplary record of driving successful growth and reorganization initiatives. She earned her undergraduate degree in Human Resources and Finance from Salve Regina University and completed a Strategic HR Management Program at Harvard Business School.

Prior to joining, Hurley served as a Global Human Resources Talent Advisor and Director at Willis Towers Watson where she navigated a complex, global organization to implement organized, consistent and effective human resources initiatives to support business strategies. Maria is no stranger to insurance and financial services. Earlier in her career, she held various strategic Human Resources leadership roles at Markel Corporation, Merrill Lynch, and Morgan Stanley.

About NIP Group

NIP Group is a market-leading specialty insurance program manager that designs unique commercial insurance solutions and risk services for more than 25 niche industries. Working with more than 5,500 broker partners, we help clients gain control over their costs, secure customized coverage and create safer work environments. NIP Group has more than 150 employees headquartered in Woodbridge, NJ and draws upon the expertise of highly talented business partners throughout the country and abroad to meet the needs of its clients.

Contact:

John Bertoli

SVP, Marketing

jbertoli@nipgroup.com

###

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Title Alliance Continues to Increase Sales and Expand Operations, Currently Hiring 50 Professionals Across the U.S.


Title Alliance is hiring entry level and experienced positions across the country.

“We’re truly excited to continue our trajectory, and we’re searching for go-getters to support our existing and new entities.”

Title Alliance, Ltd., a full-service title insurance agency offering a complete range of title and escrow services for the public, the construction industry, attorneys, banks and other lenders, and the real estate industry, is hiring entry level and experienced positions across the country. The company will be hiring more than 50 positions in Pennsylvania, Washington, Ohio, Indiana, Arizona, New Jersey, and Florida, which include openings for Title Officers, Title Processors, Escrow Officers, Escrow Assistants, Closers, and Senior Processors for their joint ventures as well as making additions to their corporate teams. You can find a complete list of job listings on the website.

Title Alliance has been forming successful single and multi-state title joint ventures with lenders, realtors, and builders since 1983. With a year-over-year increase of 29 percent in joint venture profits, Title Alliance is poised to continue their growth and finish strong this year. While volume and profits have increased across the board, Title Alliance is seeing the most year over year growth in states such as Arizona and New Mexico.

“I am so excited for the growth we’ve seen this year. The expansion of our team is in response to the support we continue to receive. People want to experience the T.A. Way and we want to deliver,” said Jim Campbell, Chief Executive Officer of Title Alliance. “Despite the pandemic, Title Alliance has been thriving in 2020 with increases across the board and we continue to open in new markets. We’re truly excited to continue our trajectory, and we’re searching for go-getters to support our existing and new entities.”

With customer service at the core of their business, the company is looking for prospective employees that will help continue the momentum the company has created throughout the past couple years as they continue to work to change the closing experience for their clients.

“Our customers and their needs are important to us and we consistently strive to exceed all customer expectations,” said Sharon Lontoc, Chief Human Resources Officer at Title Alliance. “As we continue to expand our business to meet demands, we want to ensure that we are always building a team that can be responsive to our customers’ needs from a quality and convenience perspective. This allows us to continue to deliver the highest quality customer service throughout the country.”

Title Alliance is proud to offer a generous suite of benefits to their employees. On the first of the month following 30 calendar days of employment, employees who meet eligibility requirements (hours worked per week) will be eligible for medical, dental, and life insurance, Employee Stock Ownership Plan, 401K, and Blue365, which offers access to exclusive health and wellness deals at thousands of nationwide chains and local fitness centers across the United States. One of the pillars of the Title Alliance philosophy is creating opportunities for personal and professional growth. As a result, while qualifications are important in the hiring process, being a cultural fit, having passion and drive, being a leader, and maintaining the company’s core values are a high priority.

About Title Alliance:

Title Alliance has been forming successful single and multi-state title joint ventures with lenders, realtors, and builders since 1983. We work with our partners to establish in-house title and settlement operations, dramatically enhancing their customer service and increasing their profit. Started and headquartered in Media, PA, Title Alliance’s family of companies are currently in 10 States with more than 55 offices. Title Alliance works with partners to establish in-house title and settlement operations to dramatically enhance customer service and increase profit. More information at http://www.titlealliance.com.

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Tips for Preventing Storm-Related Flood Damage to Your Home


In the midst of what is looking to be the most active hurricane season in U.S. history, digital flood insurance agency FloodPrice.com is sharing storm preparedness tips for homeowners. Major storms are not just a threat to coastal communities — homeowners everywhere need to prepare.

In addition to the residual effects of hurricanes, weather events and disasters ranging from thunderstorms to dam failures have troubled communities far from the coasts with heavy rainfall, damaging winds and floods. All communities need to practice storm preparedness as the U.S. continues to wade through hurricane season and beyond.

Below are several tips for homeowners to prepare for storms with predicted flooding:


  • Get weather updates from a reliable source. Do not depend on social media posts for weather updates. Turn to the National Weather Service or local news stations for timely, accurate and local information.
  • Secure the property. Close doors, windows and garage doors. Bring inside or secure patio furniture, toys and decorations. These items can become projectiles in high winds or be lost in floods. Take photos to document the contents of the home, which will assist with insurance claims handling. Store important documents, like birth certificates, in watertight containers.
  • Prepare for possible evacuation. In coastal areas, watch for hurricane evacuation orders. It is important to know the property’s evacuation zone, which can be found on state and/or county government websites. Put together a bag with the essentials: important documents, medications, face masks, assistive devices, cell phone chargers, etc.
  • Plan on having limited access to services. Even if a storm is not severe enough to warrant evacuation, flooding, downed trees and other obstructions can make it difficult to get to the grocery store or pharmacy for several days. Plan to have enough medications, as well as non-perishable food items and water.
  • Review insurance policies. Homeowners insurance may cover some wind-related storm damage, but typically does not cover damage due to flooding. Some auto insurance policies have coverage for flood damage to vehicles. Homeowners should review policies so they understand which policy covers what. Homeowners should also store their insurance agent’s number in their phone and/or bookmark the website their insurer uses for claims reporting.

If the home is flooded, it is important to act quickly to limit the damage. Take photos and notes to document damages; these can be used in a flood insurance claim. Standing water and residual moisture can lead to mold and structural damage. If and when it is safe to do so, unplug and remove electronics. Remove any standing water as soon as possible, as well as debris and any household items that are soaked but salvageable. Finally, try to dry out the home — run fans and dehumidifiers. Homeowners should take photos during cleanup and document what they have done. They can then share with their insurer the steps they have taken to prevent further damage.

About FloodPrice.com

FloodPrice.com is a flood insurance agency created to address the need for consumer access to private flood insurance as an alternative to the National Flood Insurance Program. The FloodPrice.com online platform offers home and business owners a simple, convenient, cost-effective online solution for purchasing private flood insurance. FloodPrice.com is administered by INX Insurance Services, LLC, a pioneer in using technology to deliver insurance consumer solutions. Follow FloodPrice.com on social media for updates and useful tips: LinkedIn, Twitter, and Facebook.

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When Should Drivers Consider Switching Their Car Insurance Provider?


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“Policyholders can decide to switch their current insurance providers for a number of reasons. Bad customer service and sky-high insurance premiums are common reasons that determine drivers to switch their carriers.”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Switching to a new car insurance provider may be a difficult decision for any driver, but in many cases, this is the right thing to do. There are many causes that determine this situation and, in some cases, drivers are even advised to switch their carriers

Policyholders should consider switching their current insurance providers for the following reasons:


  • Problems with customer service. Unresponsive or inefficient customer service can make even the most loyal customers switch their insurance providers. Good customer service is essential in the car insurance industry. Even a single bad experience with customer service is enough for many policyholders to consider ditching their current insurers. Even loyal customers that are with a certain provider for many years may consider switching if they are dealing with customer service that is not willing to answer their problems or they are doing it in a rude manner.
  • Getting a cheaper car insurance policy. This is the main reason why policyholders consider switching their current providers. Anyone wants to pay less on their insurance. Nowadays, with the help of the internet, comparing the same policies across multiple insurance companies is extremely easy. Insurance companies analyze multiple factors before granting coverage and the price between one insurer to another can vary significantly. Once a driver has found a better insurance deal, he should contact his carrier and ask for a counteroffer. If the counteroffer is not satisfactory or none is made, drivers are advised to switch their insurers.
  • Moving to another state. This move is only necessary if the current provider is not authorized to sell policies in the state the driver wants to move. If the current provider has national coverage, switching to another provider is no longer required. However, drivers are advised to do a little research about the car insurance laws of their new states. Also, they should compare online quotes and see if they can find a better deal at a local insurance provider.


Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit https://compare-autoinsurance.org

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Reserve Files Reply Brief with Tenth Circuit Court of Appeals in Important Captive Insurance Case


Capstone Associated Services, Ltd. announces that The Feldman Law Firm LLP and Foley Gardere have filed a reply brief with the Tenth Circuit Court of Appeals on behalf of Reserve Mechanical Corp. (Case Number 18-9011). Reserve is a client of Capstone.

The appeal challenges the U.S. Tax Court’s rulings in the well-publicized Reserve captive insurance case. In its Opinion the Tax Court concluded that Reserve’s transactions did not constitute insurance for federal income tax purposes. Reserve contends the Tax Court based its findings in an erroneous application of longstanding and well-accepted law. Reserve Mechanical argues that it satisfied the four-part test for insurance.

In analyzing the four factors, the Tax Court employed reasoning that was contradictory to decades-old caselaw. The Tax Court also went outside the record in making findings that were not supported by the evidence at trial. Reserve’s reply brief addresses the issues raised by the IRS in its brief and refocuses the argument on issues the IRS ignored in its briefing.

In addressing the “insurance in the commonly accepted sense” findings of the Tax Court, Reserve Mechanical’s reply brief states: “[The IRS] concedes that the tax court, in analyzing whether Reserve’s transactions were insurance in the commonly accepted sense, acknowledged that (1) Reserve had adequate capitalization; (2) Reserve’s “direct-written policies ‘contained the necessary terms to make them valid and binding insurance’ and … were properly executed”; and (3) Reserve paid claims.” Despite expending pages rehashing those settled factors, Appellee does not contend that any were wrongly decided. Accordingly, only two factors remain in dispute – whether Reserve was operated like an insurance company and whether Reserve’s premiums were reasonable and negotiated at arm’s length. Reserve satisfied both factors, and Appellee’s arguments to the contrary are wrong on both accounts.”

The Tenth Circuit’s decision in the Reserve appeal is expected to carry significant implications for the captive insurance industry. Indeed, the appeal has attracted the attention of ten different state associations and one national captive insurance association which have jointly filed briefing in support of Reserve with the appellate court.

The next step in the appeal is oral arguments, which are expected to take place early in 2021. A decision in the appeal is expected in the second or third quarter of 2021.

Capstone has previously released a number of commentaries that further explain the Reserve case, along with prior court filings.

Capstone has successfully resolved with no change over 55 captive tax matters over the last two decades. Now in its 22nd year, Capstone continues to serve clients in the alternative risk planning market in a wide range of industries throughout the United States.

Please contact The Feldman Law Firm LLP’s Logan Gremillion or Stewart Feldman at 713.850.0700 or Capstone’s Jeff Carlson at 713.800.0550 with any questions.

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