Podcasts about farmers insurance group

An investigation revealed that California Insurance Commissioner Ricardo Lara has been using a campaign committee to fund lavish meals and drinks. Lara reportedly spent nearly $30,000 at upscale restaurants and bars, including a $700 dinner at San Laurel in Los Angeles with Farmers Insurance Group's CEO. These expenses were charged to a campaign committee, despite Lara not formally announcing a run for lieutenant governor. Please Like, Comment and Follow 'Broeske & Musson' on all platforms: --- The ‘Broeske & Musson Podcast’ is available on the KMJNOW app, Apple Podcasts, Spotify or wherever else you listen to podcasts. --- ‘Broeske & Musson' Weekdays 9-11 AM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Facebook | Podcast| X | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.

In this insightful episode of the Farm4Profit Podcast, we explore the fascinating world of Micro-Captive Insurance with none other than Van Carlson, the esteemed Founder & CEO of SRA. With over twenty-five years of experience in the risk management industry, Van brings a wealth of knowledge and expertise to the table, sharing valuable insights on how small to mid-market businesses can leverage 831(b) Plans to effectively manage their property and casualty risks while enjoying significant tax benefits.Van's journey in the industry began with Farmers Insurance Group, where he started as an agent and swiftly rose to prominence, growing his book of business to become one of the largest in his home state of Idaho. Today, his primary goal is to continue the upward trajectory of SRA, constantly innovating and developing new products to meet the evolving needs of the market.The heart of this episode lies in understanding the intricacies of 831(b) Plans and how they offer a unique opportunity for business owners to retain up to 50% of their risk and premiums. By placing funds in a tax-deferred 831(b) Plan, businesses can build a funded reserve for potential losses, thus gaining greater control over claims and even participating in underwriting profits within their plan. It's an ideal strategy for savvy business owners willing to take calculated risks for greater rewards.Van also draws parallels between 401(k) and 831(b) accounts, shedding light on their similarities in terms of tax benefits, contribution limits, and compliance requirements. However, the real magic of 831(b) Plans lies in their ability to mitigate various business risks that may not be covered by traditional insurance, such as supply chain interruptions, cybersecurity attacks, and even brand damage.Delving deeper into the history of 831(b) Microcaptives, Van discusses the legislative milestones and regulatory framework that have shaped their evolution over the years. From the Tax Reform Act of 1986 to the more recent PATH Act of 2015, which increased premium amounts and introduced inflation riders, these legislative developments have made 831(b) Plans an increasingly attractive option for businesses seeking comprehensive risk management solutions.Join us as we unravel the complexities of Micro-Captive Insurance and discover how it can be a game-changer for your business's risk management strategy. Whether you're a seasoned entrepreneur or just starting out, this episode offers invaluable insights into safeguarding your assets and maximizing rewards in today's dynamic business landscape. Tune in now to learn from the best in the industry and take your risk management strategy to the next level.Don't forget to like the podcast on all platforms and leave a review where ever you listen!Websitewww.Farm4Profit.comShareable episode linkhttps://intro-to-farm4profit.simplecast.comEmail addressFarm4profitllc@gmail.comPhone515.207.9640Subscribe to YouTubehttps://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5XqwFollow us on TikTokhttps://www.tiktok.com/@farm4profitConnect with us on Facebookhttps://www.facebook.com/Farm4ProfitLLC/ 

On Tuesday, the Florida Office of Insurance Regulation told WESH 2 News that it received a "market reduction notice" from Farmers Insurance Group. A Farmers spokesperson, Trevor Chapman, confirmed it is discontinuing Farmers-branded home, auto and umbrella insurance – a total of 100,000 policies, most of them homeowners policies.

This week on Breaking Battlegrounds, we are joined by Utah State Treasurer, Marlo Oaks. Later in the show, we check in with former Arizona Congressional candidate Mark DeLuzio, a Gold Star father, for a look at the true meaning of Memorial Day. Finally, Jeff Taylor of the Salvation Army calls in to discuss the homelessness crisis and what can be done to solve it. -Treasurer Marlo Oaks spent 17 years overseeing multi-billion-dollar portfolios, first at Farmers Insurance Group in Los Angeles (15 years, $24 billion) and then at Intermountain Healthcare (2+ years, $7.5 billion) in Salt Lake City. He oversaw the Treasury function at Intermountain, along with all the community portfolios, including Primary Children's Hospital Foundation. He has experience managing foundation, endowment, healthcare/hospital system, insurance, defined benefit (pension), defined contribution (401K), taxable, and tax-exempt portfolios, including manager searches, due diligence, risk management, asset allocation, investment strategy, investment policies and guidelines, and reporting to senior executives and boards of investment committees.During the 2008 – 2009 Financial Crisis, his portfolios' performance were among the best in the country, outperforming the median corporate pension plan by 11.5% (funded status basis), representing $200 million in added portfolio value. The insurance pools were top performers among their peers, allowing the company to purchase AIG's Direct Automobile Business, adding $4 billion to the portfolios, at the bottom of the market (March 2009). Treasurer Oaks began his career in Hong Kong on the derivatives desk at Standard Chartered Bank, a large British Bank with offices primarily in emerging markets.As a volunteer, Treasurer Oaks served on the foundation investment committee at Utah Valley University for nine years. He also co-founded two non-profit organizations, the Stella H. Oaks Foundation that provides hope to single mothers through scholarships, and FIRST Utah Robotics a series of four programs that inspire children K-12 to pursue STEM careers. He is a member of the Chartered Financial Analyst (CFA) Society of Salt Lake City, the Chartered Alternative Investment Analyst (CAIA) Association of San Francisco, and holds both designations in addition to a Bachelor of Arts in Economics from Brigham Young University. He completed a Masters of Business Administration at UCLA Anderson School of Business. He and his wife are the parents of six children.-Mark DeLuzio was the first in his family to earn a college degree. After college, Mark was successful in the corporate world, advising senior executives on strategy and tactics in a multitude of diverse industries. For the past 20 years, Mark has been a successful entrepreneur as the founder of a global management consulting company and has received international acclaim as a leader in his field. Mark has been married to his college sweetheart, Diane, for 41 years. They have two sons, Scott and Steven, who joined the military after the 9-11 terrorist attacks. Steve was killed in action in Afghanistan while his brother Scott was fighting just miles away. Like their two sons, Mark and his wife continue to give back to America by dedicating themselves to various military charities. Mark has also helped countless Veterans to start successful businesses. Mark and Diane have three beautiful grandchildren who are the joy of their lives.-After retiring from a very successful run on Wall Street in his late 20's, Jeff had an escalating drug and alcohol addiction. By the age of 34 he was living on the streets of Phoenix and was arrested many times for homeless “survival” crimes that soon grew into non-violent drug motivated felonies. Finally, facing a longer-term prison sentence of 4 years, his sentencing judge diverted him to The Salvation Army Harbor Light Drug Treatment Program. Now Jeff serves as Chairman for Salvation Army of Arizona.   -Connect with us:www.breakingbattlegrounds.voteTwitter: www.twitter.com/Breaking_BattleFacebook: www.facebook.com/breakingbattlegroundsInstagram: www.instagram.com/breakingbattlegroundsLinkedIn: www.linkedin.com/company/breakingbattlegrounds This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit breakingbattlegrounds.substack.com

After Reaching a Settlement of multiple claims presented against her insurer that was also the insurer of the third party, Connie Humes sued for bad faith and violation of the Unfair Trade Practices Act (UTPA). Humes appealed trial rulings by the trial court, excluding evidence of certain settlement amounts paid by Farmers Insurance Group, in a trial of her injury claims. In Connie Humes v. Farmers Insurance Exchange and Mid-Century Insurance Company, 2022 MT 148, No. DA 21-0422, Supreme Court of Montana (July 26, 2022) the Montana Supreme Court resolved the dispute. THE ISSUE BEFORE THE MONTANA SUPREME COURT Did the District Court abuse its discretion by excluding evidence of settlement amounts paid in a global settlement of multiple claims by Farmers Insurance Group in a subsequent trial of claims under the UTPA? FACTUAL BACKGROUND Barney Benkelman rear-ended Humes' vehicle at a stoplight in Helena, causing injury to Humes. Benkelman was covered by Farmers Insurance Exchange (FIE) for bodily injury liability. Humes was insured by Mid-Century Insurance Company (Mid-Century), including underinsured motorist coverage (UIM) with a $250,000 limit, and medical payment coverage (med-pay) with a $50,000 limit. --- Support this podcast: https://anchor.fm/barry-zalma/support

Van Carlson is the Founder & CEO at SRA and has over twenty five years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van's primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market. Connect with Van: Website: https://www.831b.com/team LinkedIn: https://www.linkedin.com/in/vancarlson/ +++++ Subscribe to the Podcast! ▶︎ PODCAST | https://bit.ly/3bU6D3l Please Follow & Connect with me! Link's Below ▶︎ WEBSITE | https://tyzerevans.com ▶︎ YOUTUBE | https://youtube.com/c/tyzerevans ▶︎ INSTAGRAM | https://instagram.com/tyzerevans ▶︎ FACEBOOK | https://facebook.com/grindsellelevate ▶︎ LINKEDIN | https://linkedin.com/in/tyzerevans ▶︎ TWITTER | https://twitter.com/tyzerevans ▶︎ TIKTOK | https://tiktok.com/tyzerevans ▶︎ PATREON | https://patreon.com/tyzerevans Check out Tyzer's other podcast "The Book Legion" at https://thebooklegion.com

Van Carlson is the Founder & CEO at SRA and has over twenty five years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing to be among the largest in his home state of Idaho. Van's primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market.More Info: 831b.comSponsors:Free Coaching Session: Masterleadership.orgSupport Our Show: Click HereSupport this show http://supporter.acast.com/masterleadership. See acast.com/privacy for privacy and opt-out information.

Van Carlson is the Founder & CEO at SRA and has over twenty five years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van focuses Strategic Risk Alternatives on risk management primarily and facilitates SRA to assess and solve for the risks our clients have. Van's primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market. Social Media links: https://strategicriskalternatives.com/ https://www.linkedin.com/in/vancarlson/ https://www.linkedin.com/company/sra-831b/ https://www.facebook.com/strategicriskalt/

Ep 44: 831(b)/Captive Insurance Plans: Love & Scrutiny  During this episode, we'll discuss the 831(b) plans with expert Van Carlson* of Strategic Risk Alternatives, including:  Why the IRS recently sent out a “soft warning” letter to 831(b) plans and   what it means for Captives.  Risk Management utilizing tax code 831(b).  How an 831(b) can help businesses weather economic downturns.  When a Captive Insurance Company is NOT right for your business.    This Weeks Guest  VAN CARLSON*  Founder & Chief Executive Officer of Strategic Risk Alternatives  Van Carlson* is the Founder & CEO at Strategic Risk Alternatives. SRA believes small and mid-size businesses are the lifeblood of the American economy. The 831(b) Plans we administrate are meant to ensure these businesses weather the storm.  We care deeply about the financial security of our clients and their businesses. Our talented and motivated team strives to provide creative, quality, well-designed plans to address the varying needs of the clients we serve.  Van has twenty five years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van's primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market.  You can learn more about Strategic Risk Alternatives on their website 831b.com or visit them on Facebook, Instagram, Vimeo, YouTube and LinkedIn.  ----------------  *Not affiliated with Lincoln Financial Advisors Corp.  Michael Palumbos is a registered representative of Lincoln Financial Advisors Corp.   Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies.   Family Wealth and Legacy LLC is not an affiliate of Lincoln Financial Advisors Corp.  CRN-3879148-102121

David Westbrook is an insightful, funny and inspiring specimen of a human being. At the age of 17, David Westbrook lost his eyesight to juvenile glaucoma. He says his blindness has been nothing less than a “privilege,” connecting him to innate talents and opportunities he likely never would have reached had he remained sighted. Professionally, David served as Senior Vice President for Strategy and Innovation at Children's Mercy in Kansas City, Missouri. He has been associated with the health care system for over 25 years. Prior to that time, Westbrook founded and successfully operated a consulting practice that employed 30 professionals and served Fortune 500n clients throughout the nation. As a consultant, Westbrook's health care clients included dozens of diverse medical subspecialty practices, hospital systems, the Mayo Clinic, American Medical Association, Hallmark, the Farmers Insurance Group, Metropolitan Life Insurance, and Blue Cross Blue Shield. Please enjoy his wisdom and humor!!

Van Carlson is the Founder & CEO at SRA and has over twenty five years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van focuses Strategic Risk Alternatives on risk management primarily and facilitates SRA to assess and solve for the risks our clients have. Van's primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market. On this episode you will hear about: Risk Management by utilizing 831b tax code Working with business owners to better position themselves for downturn economies & recognize self-insured risk Maximizing additional revenues, utilizing products and tools similar to fortune 500 companies How IRC 831b may provide a tax benefit to you Production Credits: The Self Made Strategies Podcast is a SoftStix Productions LLC jawn. This episode was hosted, produced, and edited by Tony Lopes.  Van Carlson  joined us remotely, via Google Meet. Executive Producer - Tony Lopes (SoftStix Productions LLC - info@softstixproductions.com) Host - Tony Lopes Guest - Van Carlson Editor - Tony Lopes The Self Made Strategies Podcast is sponsored by CollegeCast LLC (www.collegecastpodcasts.com). Make sure you subscribe to the Self Made Strategies Podcast on your favorite podcasting platform, so you can catch the latest episodes. Copyright 2018 - 2021 SoftStix Productions LLC, all rights reserved. www.selfmadestrategies.com  

What’s the difference between 831(b) and 401(k) planners? Not much, just a different tax code. Both allow clients to put away profits today to weather tomorrow’s storms. In this episode, Toby Mathis of Anderson Advisors talks about captive insurance with Van Carlson, CEO and founder of Strategic Risk Alternatives (SRA). Van has more than 25 years of experience within the risk management industry. He began his career with Farmers Insurance Group as an agent. Now, he focuses SRA on risk management primarily and facilitates SRA to assess and solve for clients’ risks. Van’s primary goal is to continue the upward growth of SRA and develop new products to bring to market. Highlights/Topics: S. Tax Code and Americans: The tax code is used for tax planning, but should be used for its original purpose to be a risk mitigation tool. Umbrella Policy and Casualty Insurance: You find out how good of a policy you have when you need it. An umbrella policy isn’t over the top, but it doesn’t cover everything. COVID-19: Read the fine print of policies and seek advice from agents. Pandemic coverages are not considered a coverage under the Business Interruption Endorsement. Captive Insurance: Set up your own insurance company—you own it and you're paying premiums you deduct. The insurance company doesn't have to pay tax on premiums. Who is it for and what type of risk could it insure? Risk is not a problem. Business owners that are advanced in their thought processes and more forward-thinking recognize and understand asset protection and the risk it takes. Actual Physical Loss: Business Interruption Policy pays for your employees and building loans, unless it doesn't have direct physical loss. Right to Defend on Liability Policies: Even if there's no coverage but you get sued, general liability policies cover the legal defense. Lawsuits are going to be the next big thing when people, guests, and patients, not employees, contract COVID. Rules and Regulations: Two tax codes allow you to defer income out of your business. 401(k) for the retirement of yourself and employees, and 831(b) to build up reserves, take profits today and in the future. Four-Part Test: Do transfer risk, risk distribution, insure only things that can happen by accidents (not business risks), and act in a principal’s insurance to elect under 831(b). Gross Revenue: Cap it because if your gross revenue goes up, your premium increases. The more gross revenue you have, the more exposure you have for claims. Cancel Culture: Detrimental to businesses; have cash on hand because banks aren't going to help you out all of a sudden. Declare a Dividend: Take it out as a long-term dividend rate and shut it down, pull out capital gains, or put it to work. Investment Agreement: What can be done with the reserves? There are rules, but for the most part, clients just leave it to the bank and go forward with the risk. Brand Damage: Dependent on third-party vendors, you can’t go and unlock your door, open it, and open for business. Get there, reach in, and obtain client information. Resources: Strategic Risk Alternatives (SRA) https://strategicriskalternatives.com/ SRA’s Email mailto:info@strategicriskalternatives.com 831(b) https://www.captive.com/articles/the-basics-of-the-831(b)-election-for-captives 401(k) https://www.irs.gov/retirement-plans/401k-plans Business Interruption Insurance Policy https://www.investopedia.com/terms/b/business-interruption-insurance.asp Errors and Omissions (E&O) https://www.investopedia.com/terms/e/errors-omissions-insurance.asp Health Insurance Portability and Accountability Act (HIPAA) https://www.hhs.gov/hipaa/for-professionals/privacy/laws-regulations/index.html Paycheck Protection Program (PPP) https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program Toby Mathis https://andersonadvisors.com/tobymathis-2/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors Tax and Asset Protection Event https://andersonadvisors.com/asset-protection/ Anderson Advisors on YouTube https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

Karyn Williams is the founder of Hightree Advisors, a new independent consultant that is helping organizations improve the effectiveness of their invested assets through practical quantitative metrics of risk. Karyn is an engineer by training, who previously was a partner at Wilshire Associates, CIO of Farmers Insurance Group, and head of client solutions at hedge fund Two Sigma Our conversation covers the early days of financial engineering, taking lessons to portfolio analytics at Wilshire Associates, and discovering a disconnect in theory and practice with mean-variance optimization and the application of early factor models. We then turn to Karyn’s applying risk frameworks and factors at Farmers Insurance, joining Two Sigma, and creating Hightree to help institutions measure risk practically. Learn More Read the Transcript Subscribe to the Capital Allocators Blog or Monthly Mailing List Don't Subscribe, but Let Us Know Who You Are Write a review on iTunes Follow Ted on twitter at @tseides Review past episodes of the Podcast

This session's guest is Van Carlson with Strategic Risk Alternatives (https://strategicriskalternatives.com/). Mr. Carlson has over twenty five years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van specializes in advising clients how best to manage risk. The Captive Insurance company is a frequently used product he recommends for, implements and manages for his clients. This risk management tool is governed by 831(b) of the Internal Revenue Code. A few take-aways from this session:The use of a Captive is a great tool to provide for protection of a businesses cash flow that may not be available though standard insurance policies.Coverage offered through the Captive is in addition to the standard insurance coverage that you would purchase to manage risk. The insurance premiums paid to the captive are tax deductible to the insured company, up to $2.2 million.The insurance premiums received by the captive are not taxable revenue up to $2.2 million per insured.A captive can be an optimal tool to provide business interruption coverage for events like the COVID-19 pandemic. The Basics of the 831(b) Election for Captives January 25, 2017By P. Bruce Wright, M. Kristan Rizzolo, Saren Goldner, and Christopher W. SchoenSutherland Asbill & Brennan LLP Section 831(b) was added to the Internal Revenue Code (IRC) in 1986 as part of an effort to more closely align the taxation of mutual and stock property and casualty ("P&C") insurance companies. Prior law provided for three layers of taxation for mutual P&C insurance companies depending on the quantum of their gross receipts but not for stock P&C insurance companies. Under section 831 as enacted in 1986, in general, both stock and mutual insurance companies that are not life insurance companies compute their tax as provided in IRC section 11, subject to the special rules for calculating taxable income that are contained in part II of subchapter L. In addition, the special rules that had applied to small mutual P&C insurance companies were extended to all small nonlife insurance companies.Under section 831(b), small nonlife insurance companies that meet the requirements, including a premium limitations amount, may elect to be subject to an alternative tax based only on taxable investment income. Under this alternative tax, the underwriting profits of the electing insurance company are exempt from federal income tax.In part as a result of perceived abuses, Congress changed the requirements for qualification under section 831(b) effective for taxable years ending after December 31, 2016, and at the same time increased the premium limitation amount. Section 831(b) now requires an electing company to(1) be an insurance company; (2) have net written premiums (or, if greater, direct written premiums) for the taxable year that do not exceed $2.2 million;1(3) meet the diversification requirements described below; and(4) make or have in effect, an election to be taxed under section 831(b).The diversification requirements were added by Congress as anti-abuse measures to address estate and gift tax evasion issues; the amendments do not address federal income tax concerns. In general, to satisfy the diversification requirements, no one policyholder2 may pay more than 20 percent of a section 831(b) company's annual net written premiums (or, if greater, direct written premiums). For purposes of applying the 20 percent limitation, the amendments apply attribution rules under which all policyholders that are related within the meaning of sections 267(b) and 707(b), or are members of the same controlled group, are treated as a single policyholder. The new provisions also include an alternative diversification requirement that is an ownership-based test. Under the ownership test, the ownership of a section 831(b) company by "specified holders" (as defined below) must not be greater than (by more than a 2 percent de minimis margin) the ownership of the business or assets being insured. More specifically, an insurance company will have met this alternative diversification test if each specified holder that is an owner of the section 831(b) company has no greater interest in the section 831(b) company than he or she has in the insured business or assets (the "specified assets"). A specified holder is any individual who is a spouse or lineal descendant (including by adoption) of an individual who holds an interest (directly or indirectly) in the specified assets being insured.In connection with amending the eligibility requirements for making an election to be subject to tax under section 831(b), Congress also added new annual information reporting requirements on electing companies, leaving the specifics of the required information up to the Internal Revenue Service (IRS).  In November 2016, shortly before the new provisions became effective for most electing companies, the IRS issued Notice 2016–66 indicating that certain section 831(b) companies are "transactions of interest" requiring information reporting under sections 6011 and 6111 as "reportable transactions." Notice 2016–66 provides that section 831(b) electing companies meeting the following requirements are "transactions of interest."(1) A person ("A") directly or indirectly owns an interest in an entity (the "Insured") that conducts a trade or business;(2) A, the Insured, or related person(s) directly or indirectly own at least 20 percent of the voting power or value of the section 831(b) electing company that contracts with Insured (or an intermediary) in a transaction that the section 831(b) electing company and the Insured treat as insurance or reinsurance of Insured; and(3) Either(a) section 831(b) electing company's incurred liabilities for losses and claims administration during the most recent 5 taxable years (or such shorter period if the company has been in existence only for such shorter period) are less than 70 percent of the company's premiums earned less policyholder dividends for the same period or, (b.) during the same 5-year period, section 831(b) electing company has directly or indirectly made available or otherwise conveyed funds to A, the Insured or related person(s) in a transaction that did not result in taxable income or gain to the recipient of the funds.Pursuant to Notice 2016–66, "material advisors" and all participants to the transactions are required to disclose information about the transactions to the IRS, including a description of the "insurance" coverage provided by the captive, the names and contact information of actuaries and underwriters, an explanation of how premium amounts were determined, a description of claims, and a description of the captive's assets. The initial report, for transactions from prior open years, originally was due January 30, 2017, but Notice 2017–08 extended the deadline for filing that initial report to May 1, 2017.In February 2015, the IRS included section 831(b) companies on its "Dirty Dozen" list of tax scams. The IRS also has numerous audits of section 831(b) companies under way and cases docketed in the United States Tax Court. One of the concerns of the IRS is whether the transactions of section 831(b) electing companies are properly characterized as insurance. In order to be treated as insurance for federal tax purposes, a transaction must meet a four-part test that requires the presence of an insurance risk, risk shifting, and risk distribution and the recognition of the transaction as insurance in its commonly accepted sense (for more information on this topic, see "When Are Premiums Paid to a Captive Insurance Company Deductible for Federal Income Tax Purposes?").P. Bruce Wright, M. Kristan Rizzolo, and Saren Goldner are partners and Christopher W. Schoen is counsel in the tax department of the law firm Sutherland Asbill & Brennan LLP. Mr. Wright and Ms. Goldner are located in New York, and Ms. Rizzolo and Mr. Schoen are located in Washington.The $2.2 million maximum is subject to increases for inflation, using 2013 as the base year for calculation.To date, there is not guidance on what is meant by a "policyholder," although Congress has proposed a technical corrections bill that would make it clear that a "policyholder" refers to the original direct insured. The Benefits of Captive Insurance: Pros and Cons published by Alternative Risk Resources on their websiteFlexibility in setting the cost of premiumsYou may cover a huge variety of risksYou have more control!They foster a greater safety cultureYou get ongoing educationRisk management actually becomes profitableCompanies need to weigh the pros and cons of captive insurance to understand the potential benefit of insurance captives. Captive insurance allows your business to limit risk and retain what would have been insurance company profits. Unused premiums and income generated by your captive insurance company are returned to your business, turning what used to be an expense into a profit generating program. Alternative Risk Resources’ group captive brokers make the process of understanding and joining a group captive insurance company a turnkey process.Explaining the Basics of Group Captive Insurance Access to underwriting profits and investment income are the most tangible benefits of joining a group captive program. The biggest benefit to joining, though, is the intangible safety culture captives foster.Accidents and losses change from being something a business accepts will happen to avoidable events. Everybody in an organization insured through a captive becomes more safety conscious, changing the focus from minimizing claims to actively preventing accidents.Long-term, proven cost savings and the increased profitability of group captive insurance programs make captives an attractive risk mitigation and investment solution for qualifying businesses. With a group captive, your company is in control of its insurance plan with underwriting profits and unused premiums returned as profit. A captive insurance program is a company providing insurance coverage and benefits exclusively to its member owners.The businesses paying premiums are the same entities owning and profiting from the insurance company’s success.Fewer claims and invested unused premiums translate directly into profit for the group captive’s member owners. The bottom line advantages over traditional insurance programs ensure that eventually every company qualifying for captive insurance will participate. The lack of knowledge about how group captive insurance programs work is often the only reason a qualified company is not a captive insured entity. Alternative Risk Resources’ professional brokers are here to help you understand the benefits of captive insurance.

My guest in this episode is Van Carlson. Van is the CEO of Strategic Risk Alternatives. Van has over twenty years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van focuses at Strategic Risk Alternatives on risk management primarily and facilitates SRA to assess and solve for the risks our clients have. Van's primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market. Interview Links SRA Website Grab My Book: The 21 Best Cashflow Niches™: www.cashflowninja.com/21niches Programs: The Cashflow Ninja Cashflow Investors Club™: www.cashflowninja.com/club Your Own Banking System™ : www.yourownbankingsystem.com Your Own Family Office™: www.cashflowninja.com/familyoffice The Crypto Investing Method™: www.cashflowninja.com/crypto The Cashflow Creator Formula™: www.cashflowninja.com/creator The Cashflow Core Builder™: www.casflowninja.com/core The Cashflow Multiplier™: www.cashflowninja.com/multiplier The Cashflow Quantum™: www.cashflowninja.com/quantum Connect With Us: Website: http://cashflowninja.com Podcast: http://cashflowinvestingsecrets.com Facebook: https://www.facebook.com/cashflowninja/ Twitter: https://twitter.com/mclaubscher Instagram: https://www.instagram.com/thecashflowninja/ Pinterest: https://www.pinterest.com/mclaubscher/cashflow-ninja/ Linkedin: https://www.linkedin.com/in/mclaubscher/ Youtube: http://www.youtube.com/c/Cashflowninja Bitchute: https://www.bitchute.com/channel/cashflowninja/ Rumble: https://rumble.com/c/c-329875 LBRY.tv: https://lbry.tv/@Cashflowninja:9?r=DoJHKKGqTbf8sdChMP1oLtCrJWEYK3ZM Brighteon: https://www.brighteon.com/channels/cashflowninja Brandnewtube: https://brandnewtube.com/@cashflowninja Parler: https://parler.com/profile/cashflowninja/ Gab: https://gab.ai/cashflowninja Minds: https://www.minds.com/cashflowninja Biggerpockets: https://www.biggerpockets.com/users/mclaubscher Medium: https://medium.com/@mclaubscher Substack: https://mclaubscher.substack.com/

Sponsored by CMO Coaches.Today we continue our series of conversations with another great CMO to understand how they navigated their way up the corporate ladder to become one of the most prominent marketers in the world. Joining us for the fourth installment of CMO Week is Mike Linton from CMO Coaches. Mike is Enterprise Chief Marketing Officer at Farmers Insurance Group of Companies, and he's on the Board of Directors of Capella Education Company, The Wine Group, Allen Edmonds Shoe Company, and Peet's Coffee. Prior to these roles, Mike was CMO at eBay and Best Buy. Show NotesConnect With: Mike Linton - Website // LinkedIn // Twitter Benjamin Shapiro: Website // LinkedIn // TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sponsored by CMO Coaches.Today we continue our series of conversations with another great CMO to understand how they navigated their way up the corporate ladder to become one of the most prominent marketers in the world. Joining us for the fourth installment of CMO Week is Mike Linton from CMO Coaches. Mike is Enterprise Chief Marketing Officer at Farmers Insurance Group of Companies, and he’s on the Board of Directors of Capella Education Company, The Wine Group, Allen Edmonds Shoe Company, and Peet's Coffee. Prior to these roles, Mike was CMO at eBay and Best Buy. Show NotesConnect With: Mike Linton - Website // LinkedIn // Twitter Benjamin Shapiro: Website // LinkedIn // Twitter

My guest in this episode is Van Carlson. Van is the CEO of Strategic Risk Alternatives. Van has over twenty years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van focuses at Strategic Risk Alternatives on risk management primarily and facilitates SRA to assess and solve for the risks our clients have. Van’s primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market.

Matthew Wolk is a very successful and award winning District Manager with Farmers Insurance Group in St. Louis, Missouri. He has been named District Manager of the Year 5 of the past 6 years and has over 80 producers and store fronts he assists to achieve their goals. Matt’s personal insurance career began as a […]

Matthew Wolk is a very successful and award winning District Manager with Farmers Insurance Group in St. Louis, Missouri. He has been named District Manager of the Year 5 of the past 6 years and has over 80 producers and store fronts he assists to achieve their goals. Matt’s personal insurance career began as a […]

Kirk Miller is a very accomplished insurance agency owner in San Diego, California. In only 11 years in business he has grown to a staff of five which serves over 1,700 clients and over 3,400 policies in force. Kirk has received numerous awards and recognitions from his insurance company, the Farmers Insurance Group including Toppers […]

Kirk Miller is a very accomplished insurance agency owner in San Diego, California. In only 11 years in business he has grown to a staff of five which serves over 1,700 clients and over 3,400 policies in force. Kirk has received numerous awards and recognitions from his insurance company, the Farmers Insurance Group including Toppers […]

Jessie Navarro began his insurance agency in Redondo Beach, CA with Farmers Insurance Group in 2007. Since then he and his staff have built the agency from zero policies to just over 1,500 accounts and over 3,700 policies in force. His staff includes two fully licensed customer service representatives, one retention specialist, a commercial producer […]

Jessie Navarro began his insurance agency in Redondo Beach, CA with Farmers Insurance Group in 2007. Since then he and his staff have built the agency from zero policies to just over 1,500 accounts and over 3,700 policies in force. His staff includes two fully licensed customer service representatives, one retention specialist, a commercial producer […]

Robert Gibson is a top producer and insurance agency owner in Wheat Ridge, Colorado. Robert became an agent with Farmers Insurance Group in 1985. Since then he has qualified for 7 President Councils, 4 Championships and 28 Toppers Clubs. A primary focus of his business these past 30+ years has been on Commercial Insurance. His […]

Robert Gibson is a top producer and insurance agency owner in Wheat Ridge, Colorado. Robert became an agent with Farmers Insurance Group in 1985. Since then he has qualified for 7 President Councils, 4 Championships and 28 Toppers Clubs. A primary focus of his business these past 30+ years has been on Commercial Insurance. His […]

Know-How – The Breakthrough Insurance Agency! Bart Baker is one of the most dependable insurance brokers in the western United States, as designated by Goldline Research. He has served on Farmers Insurance Group’s President’s Council for nine consecutive years and is a Top of the Table qualifier of the Million Dollar Round Table. Bart is a […]

Know-How – The Breakthrough Insurance Agency! Bart Baker is one of the most dependable insurance brokers in the western United States, as designated by Goldline Research. He has served on Farmers Insurance Group’s President’s Council for nine consecutive years and is a Top of the Table qualifier of the Million Dollar Round Table. Bart is a […]

Know-How – If an Elephant Sits on You, Are You Covered? Bart Baker is one of the most dependable insurance brokers in the western United States, as designated by Goldline Research. He has served on Farmers Insurance Group’s President’s Council for nine consecutive years and is a Top of the Table qualifier of the Million […]

Know-How – If an Elephant Sits on You, Are You Covered? Bart Baker is one of the most dependable insurance brokers in the western United States, as designated by Goldline Research. He has served on Farmers Insurance Group’s President’s Council for nine consecutive years and is a Top of the Table qualifier of the Million […]

Know-How – Profit from Change, Retooling Your Agency for Maximum Profits! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less […]

Know-How – Profit from Change, Retooling Your Agency for Maximum Profits! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less […]

Know-How – Unleash the Power of Your Agency! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less than half of […]

Know-How – Unleash the Power of Your Agency! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less than half of […]

Know-How – Specialization: The Master Key to Agency Transformation! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less than half […]

Know-How – Specialization: The Master Key to Agency Transformation! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less than half […]

Know-How – Power Position Your Agency, A Guide to Insurance Agency Success! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by […]

Know-How – Power Position Your Agency, A Guide to Insurance Agency Success! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by […]

Know-How – Success and Sanity! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less than half of 1% of all […]

Know-How – Success and Sanity! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less than half of 1% of all […]

Vantage Point – Korsgaden International! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less than half of 1% of all...

Vantage Point – Korsgaden International! Troy has won every production and quality service award offered by the Farmers Insurance Group, including the 2011 Commercial Agent of the Year Award. He has been a Farmers Insurance President’s Council member for 21 consecutive years, which is an elite honor accomplished by less than half of 1% of all […]

Vantage Point – Agency Owners with Farmers Insurance in Malibu, California. Bart Baker is one of the most dependable insurance brokers in the western United States, as designated by Goldline Research. He has served on Farmers Insurance Group’s President’s Council for nine consecutive years and is a Top of the Table qualifier of the Million...

Vantage Point – Agency Owners with Farmers Insurance in Malibu, California. Bart Baker is one of the most dependable insurance brokers in the western United States, as designated by Goldline Research. He has served on Farmers Insurance Group’s President’s Council for nine consecutive years and is a Top of the Table qualifier of the Million […]

Luis Sahagun, Manager, Emerging Markets Advertising and Marketing, Farmers Insurance Group, at the 2007 Insurance Marketing and Advertising Summit in New York City, sponsored by Best's Review magazine and the A.M. Best Company.