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The Boston Fed's 2016 Cyber Security Conference Shows the Need for This Coverage, a Captive Staple

5/7/2017

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  If you're a CPA of CFP and would like to learn more about captives, please sign-up for our continuing education presentation on captive insurance.  It's free and will provide you with a 1-hour continuing education credit.  Our next webinar is on May 31 at 11AM CST.   

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  We own and operate the first Montana based series LLC named Aegis.  We run it in conjunction with Aceterrus Insurance Resources​        

   Because financial institutions hold assets and a large amount personal information, they're a natural target of hacking.  This is more than a hypothetical: over the last 24 months, the Central Bank of Bangladesh has been hacked as have other large institutions. Realizing the importance of this problem, the Boston Federal Reserve held a conference on cyber security in the spring of 2016.  This link has a number of relevant presentations from that conference.

   The cost of Cyber coverage has increased over the last 24 months, thanks to an increasing number of large claims.  As a result, companies are at minimum placing their deductible cyber coverage in captives at an increasing rate.  

    Please call us at 832.330.4101 if you'd like to learn more

    
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  • Welcome
  • Basic Information
    • Who Should Form a Captive?
    • Convert To A Pure Captive
    • How We Work
  • Following the Rules
    • Introduction to Anti-Avoidance Law
    • Substance Over Form
    • Sham Transaction
    • Step Transaction Doctrine
    • The Economic Substance Doctrine
  • Articles
  • Blog
  • About US