ForensisGroup Captive Insurance Expert Witnesses work in the captive insurance industry where insurance companies are wholly owned and controlled by its insureds. A captive insurance company’s main purpose is to insure the risks of its owners. The company’s insureds benefit from the captive insurer’s underwriting profits.
Our experts have many years of experience in the insurance industry, and have worked as underwriters, retail agents, wholesale brokers, reinsurance intermediaries, and captive insurance consultants.
Their expertise includes alternative risk transfer, bad faith, errors and omissions, fair claim practices, liability insurance, managing general agents, professional liability, reinsurance, self-insurance, and underwriting management.
These insurance professionals are asked to assist in cases concerning usual and customary practices, and more recently, issues with the Internal Revenue Service (IRS)’s Notice 2016–66, which states that certain transactions of captive insurance companies making elections under Internal Revenue Code (IRC) § 831(b) are subject to federal income tax only on their investment income are “transactions of interest.” They work on issues of § 831(b) captives (and their related entities) by including tax scams, taxpayer abuse, fraud, and the tainting of captive managers as promoters of tax avoidance schemes.
If you are unable to find the expert or consultant that you need in our premier selection, please contact us. We will research and recruit additional experts, for your review, at no cost or obligation to you. Your initial case consultations with select expert witnesses, prior to retention, are free, so you can make an initial assessment of each expert