Captive Insurance Industry Urges Congress to Act as IRS Rule Threatens Small Business Insurance Protections

KNOXVILLE, Tenn., Feb. 24, 2025 /PRNewswire/ -- CIC Services is calling on Congress to act swiftly to overturn a new IRS rule that threatens the ability of small and mid-sized businesses to manage risk through captive insurance. The regulation, finalized in January 2024, severely...