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24 May 2023
Will IRS Designate 831B Captives as Listed Transactions?
The Treasury Department and Internal Revenue Service recently issued proposed regulations IR-2023-74. The proposed regulations clarify what it means to be a transaction of interest, and include parameters where a micro-captive may now be considered a listed transaction. The IRS […]
11 Mar 2026
Why Premium Tax Compliance Is Becoming a Hidden Risk for Multi-State Insurers
For most multi-state commercial insurers and Risk Retention Groups, premium tax filings land at one of the most demanding points on the annual calendar. Year-end close is underway, audit coordination is in progress, statutory reporting deadlines are approaching, board materials […]
03 May 2023
Why Do Insurance Companies Discount Loss Reserves?
Since 1986, non-life insurance companies have discounted loss reserves using the annual discount factors and interest rates released by the IRS. In this edition of Tax Matters, we provide insight as to why the adjustment is required and how to […]
23 Sep 2025
Why Cybersecurity Tools Fail Without Strong Change Management
Security platforms promise visibility and control. Many organizations invest in security information and event management (SIEM), endpoint detection, and vulnerability scanning, expecting a clear reduction in risk. The surprise comes later, when an incident slips through a stack of tools […]
11 Feb 2026
Why California Is Just the Beginning for Climate Disclosure
California’s climate disclosure laws, SB 253 (the Climate Corporate Data Accountability Act) and SB 261 (the Climate-Related Financial Risk Act), mark a meaningful shift in how climate-related information is regulated in the United States. SB 253 introduces formal expectations around […]
24 Jul 2021
Who’s the Expert? Process Owners Know Their Risks
My favorite part of starting a new internal audit project is the opportunity to learn from the process owner. Process owners are the subject matter experts and more often, they need to be included in the discussion of risk and […]
24 Jul 2014
Which Actuarial Report Do I Use?
Actuarial reports can be used for different reasons in regards to Defined Employee Benefit Plans. They may be used to determine the pension obligation and expense for the Plan Sponsor’s financial statements or to determine the pension obligation in the […]