2010 has been a year of growth and change for The Taft Companies. Taft has taken on many new projects and we are looking forward to ending 2010 on a high note.
Don't forget Taft has a new location! Our new address is 1620 Providence Road, Towson, MD 21286
Would Your Captive Benefit From An Independent Director?
The Model Audit rule promulgated by the National Association of Insurance Commissioners has been adopted by most states. It established independence requirements that became effective January 1, 2010. Independence requirements were intended by the NAIC to apply to audit committees appointed by the Board of Directors to oversee the accounting and financial reporting processes, and the audit of financial statements of captives and other insurers.
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Scared of Obamacare? Here’s one Cure
Obamacare’s apparent threat of providing unlimited lifetime health benefits to members of employee health plans has become the monster in the closet – you’re afraid to open the door and you’re afraid not to open the door. Stop-loss insurance costs are expected to zoom to the stratosphere, or else employers will chuck the whole thing and just write a check for the new tax.
The monster wins in either of those scenarios. But Roosevelt was right (maybe about this one thing): There is nothing to fear but fear itself.
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