The Use of Captive Property and Casualty Insurance Companies for Asset Protection

Ever since the 1930’s large companies in the United States have been forming their own property and casualty insurance companies in order to reduce the premium costs charged by commercial companies and insure risks otherwise not covered by commercial companies. During the past 20 years, the costs of establishing one’s own property and casualty insurance company have come down so that middle market companies have been able to afford to use captive insurance companies to reduce their premium costs and insure risks not otherwise […]

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California Residents Beware: New Social Host Liability Law for Furnishing Alcohol to Minors

Previously, Section 1714(c) of the California Civil Code specified that social hosts who provide alcohol may not be held civilly liable for any damage, injury, or death resulting from that alcohol consumption. However, beginning in 2011, Section 1714 is amended to now impose civil liability against a parent, guardian, or other adult who knowingly furnishes alcoholic beverages at his or her residence to a person under 21 years of age, where the furnishing of the alcoholic beverage is found to be the proximate cause […]

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