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Microcaptive Investing In Life Insurance Gets 40% Penalty In Kadau

Loss of deduction and a 40% penalty. Ouch!gettyWe now rejoin the Kadau microcaptive case already in progress. This case was last discussed in my article, IRS Wins Two More Microcaptive Tax Shelter Cases In Kadau And CFM (Aug. 12, 2025). There, the U.S....

Candidates for California insurance commissioner say they can fix the state’s coverage crisis – Insurance News

In the wake of devastating wildfires, Californians are facing a property insurance crisis. More than 1 in 5 California homeowners are uninsured because of canceled policies and unaffordable premiums. In an opinion column last month, legislators representing communities from San Francisco to San Diego...

GM will pay California $12.75M for selling driver data

General Motors will pay $12.75 million to settle a California consumer protection lawsuit that alleged the company illegally sold drivers’ behavior and location data, the state’s attorney general announced Friday. The settlement requires GM to stop selling driver data to consumer reporting agencies, including...

Fortegra Appoints Röpcke Belgium CEO

Anthony R. O’Donnell // May 8, 2026 (Image source: Fortegra website.) Fortegra (Jacksonville, Fla.) has appointed Iwan Röpcke as CEO, Belgium. Röpcke joins the specialty insurer from Lloyd’s Insurance Company S.A., where he served as Country Manager for Belgium and the Netherlands. Fortegra says he will...

State budget: ‘Super Speeders’ crackdown bill, Hochul’s auto insurance reforms are part of ‘general’ agreement

Measures aimed at cracking down on serial reckless drivers called “super speeders,” and lowering auto insurance costs, are part of a “general” budget agreement Gov. Kathy Hochul unveiled on Thursday morning. The state’s top executive announced the items included in the accord between herself,...