The vehicles are popular because under tax law the owners of a small insurance company can pay up to $1.2 million in tax-deductible premiums. Then, under Section 831(b) of the tax code, any small property/casualty insurer with annual premiums under $1.2 million may choose to be taxed on its net investment income as opposed to its premium income. The alternative tax provision used by micro-captives is also used by small, mutual and rural insurance companies.
In 2017, the U.S. Tax Court disallowed the “wholly unreasonable” premium deductions the taxpayer had claimed under a section 831(b) micro-captive arrangement, concluding that the arrangement was not “insurance” under long established law (Avrahami v. Commissioner, 149 T.C. No. 7 (2017). In 2018, the Tax Court concluded that the transactions in a second micro-captive arrangement were not “insurance.” (Reserve Mechanical Corp. v. Commissioner, T.C. Memo. 2018-86).
Bill Would Allow Service Members to Sue Military for Medical Malpractice
The Congressional Budget Office has estimated it would cost the government an average of $135 million every year in claims. If the law were made retroactive, the estimated price tag was $2.7 billion over the next 10 years.
Money isn’t the point. If government employees screw up, we, the government, must take care of each other.
California Braces for Wildfire Danger as Santa Ana Winds Arrive
Once they hit California, their low humidity and high heat can quickly turn the bushy chaparral into an explosive fuel source. It’s part of the reason that California accounted for 92% of all insured wildfire losses in the U.S. from 2008 to 2018, according to insurer Munich Re. Colorado was second with 3%.
Disclosure: We broker Munich Re products.
Hurricane Humberto expected to become ‘major’ storm within 48 hours, forecasters say
Meteorologists expect the center of Humberto to approach Bermuda Wednesday night with heavy rains to begin late Tuesday.
How to Enable Ransomware Protection in Windows 10
Windows Defender includes a security feature called “Ransomware Protection” that allows you to enable various protections against ransomware infections. This feature is disabled by default in Windows 10 ….
Microsoft OneDrive could take quite some time to backup all of your files depending upon your upload speed. You might also want to use a local-backup system and not leave your backup device plugged in when not performing a backup and especially not while your modem is connected to the Internet. It’s far from foolproof, but every little bit helps.
Personal Data Of Entire 16.6 Million Population Of Ecuador Leaked Online
… in an area of the world where kidnappings, ransom and human trafficking are by no means uncommon, Thornton-Trump says, “criminals of all types will exploit this information for malicious ends in the physical or cyber world.”
“Companies and governments, in particular, should always secure their databases to ensure they are not publicly available,” Javvad Malik, security awareness advocate at KnowBe4 said, “in addition, when dealing with third parties which may access, process, or store the data, they should undertake rigorous due diligence to verify the third party also adheres to good security controls.”
Google fixes Chromebook 2FA flaw in ‘built-in security key’
Old key pairs generated before the update are still vulnerable, so you have to de-register the built-in security key from every website on which it’s being used for authentication, and then re-register it with a fresh key pair.
… carefully check the lifespan of any Chrome OS device before buying it.
7 Times You Shouldn’t Select “Keep Me Signed in”
It’s tempting to remain logged in to your favorite websites on your smartphone, tablet, or laptop. But if you’re using a public computer or WiFi connection, that’s bad idea.
I don’t allow the “remember me” feature on this site. In addition, it’s best not to save browser sessions. It’s best to close your browser at least once a day and also to do a cold reboot of your device as well. There are exceptions, of course. Some processes take longer than others, and one simply can’t shutdown in the middle of them.
Cell Phone Scam Alert: Be Wary of Strangers Wanting to Borrow Your Phone
Every generation gets the scammers they deserve, and while we don’t need to miss out on convenient apps, we are definitely able to get over that extra second it takes to enter a PIN. It’s easy to change a security setting and activate the authentication feature all apps offer. Information security experts also advise avoiding automatic login for any apps using sensitive information.
No need to mistrust every poor soul dancing on the edge of a one percent battery. But better to be extra helpful by dialing for them and making sure your phone stays on their ear.
To Avoid a Security Bug, Make Sure You’re Running the Latest Version of the LastPass Extension
The company notes that “no user action is required and your LastPass browser extension will update automatically,” ….
… LastPass also offered a few security tips of its own. Specifically, to not click on links from people that you don’t know, never reuse your LastPass master password, and use unique, different passwords for every online account. You know, basic computer security.
The company also suggests always enabling multi-factor authentication for LastPass as well as your other online accounts. If you don’t have that set up yet, now’s a good time to go through all your accounts and make sure you do.
Millions of Americans’ Medical Images and Data Are Available on the Internet. Anyone Can Take a Peek.
We identified 187 servers — computers that are used to store and retrieve medical data — in the U.S. that were unprotected by passwords or basic security precautions. …
If you are a patient:
If you have had a medical imaging scan (e.g., x-ray, CT scan, MRI, ultrasound, etc.) ask the health care provider that did the scan — or your doctor — if access to your images requires a login and password. Ask your doctor if their office or the medical imaging provider to which they refer patients conducts a regular security assessment as required by HIPAA.
If you are a medical imaging provider or doctor’s office:
Researchers have found that picture archiving and communication systems (PACS) servers implementing the DICOM standard may be at risk if they are connected directly to the internet without a VPN or firewall, or if access to them does not require a secure password. You or your IT staff should make sure that your PACS server cannot be accessed via the internet without a VPN connection and password. If you know the IP address of your PACS server but are not sure whether it is (or has been) accessible via the internet, please reach out to us at firstname.lastname@example.org.
This looks like poor governing in action.
Walker exempted the firm from Wisconsin’s environmental rules regarding wetlands and streams. Walker and the Trump administration rolled back air pollution limits in the area of the plant, overruling objections of Environmental Protection Agency staff. The plant was estimated to contribute significantly to air pollution in the region. Environmentalists criticized the decision to allow Foxconn to draw 7 million US gallons (26,000 m3) of water per day from Lake Michigan. The roughly 4 square miles (10 km2) of land necessary for the Foxconn campus was in part made possible by forcing homeowners to sell at a fixed price under the threat of seizing the land under eminent domain.
In 2018, the Walker administration shifted up to $90 million in local road funding to road work related to the Foxconn factory. The Wisconsin state legislature granted Foxconn special legal privileges within the Wisconsin judicial system. In June 2018, President Trump praised the plant, describing it as “the Eighth Wonder of the World.” At the end of 2018, Foxconn did not qualify for $10 million in subsidies, as it created only 156 of the 260 jobs required under the agreement.
In January 2019, Foxconn said it was reconsidering its initial plans to manufacture LCD screens at the Wisconsin plant, citing high labor costs in the United States. In February 2019, Bloomberg News reported that the plant was “unlikely to ever employ 13,000 workers.”
The statistics he cites are jaw-dropping.
I have always been positively impressed by Robert F. Kennedy, Jr.
When I think about this issue, I think about all the negative news concerning pharmaceutical companies that’s not about their vaccines. Why are people so ready to publish all the negatives that aren’t about vaccines but totally afraid to address vaccines made by the very same corporations? How has the pharmaceutical industry managed to draw that line like it’s the Iron Curtain?
I’m not opposed to vaccines. I’m opposed to not testing vaccines in a totally transparent and honest way.
The following were posted September 16, 2019 on Pew Research Center:
Israel approves new settlement 2 days before polls
All settlements are viewed as illegal under international law, but Israel distinguishes between those it has approved and those it has not.
$1m a minute: the farming subsidies destroying the world – report
The report rejects the idea that subsidies are needed to supply cheap food. It found that the cost of the damage currently caused by agriculture is greater than the value of the food produced. New assessments in the report found producing healthy, sustainable food would actually cut food prices, as the condition of the land improves.
How Military Build-up and War Contribute to Climate Emergency
Ironically, given its own role in helping create this emergency, the Pentagon happens to be one of the few redoubts from the climate denialism now gripping the American government. “The only department in Washington that is clearly and completely seized with the idea that climate change is real is the Department of Defense,” Col. Lawrence Wilkerson, former chief of staff to Gen. Colin Powell, has said. The U.S. military is preparing for a grim future of climate-caused political instability, food shortages, resource wars, and massive refugee flows. Recognizing the strategic threat posed by its own dependence on fossil fuel, it has even taken steps to diversify its energy sources.
Yet even these limited efforts have met pushback from the Trump administration. The Navy recently killed a task force created to study the effects of climate change, undermining a bare-minimum effort to forecast the impact of rising seas and melting ice caps. In the words of the former rear admiral who led the Navy’s climate change efforts until 2015, “The task force ended, in my opinion, without full incorporation of climate change considerations.”
The US-corporate-mainstream media isn’t really covering this (yet).
This is a big deal.
Assad won’t like it, as he feels only Syrians should really have any say over Syria; but, he’ll go along with it one way or the other. Erdogan was the last holdout, but his hatred of the Kurds is what moved him to side with Russia and Iran concerning Assad remaining in power if he, Assad, wins the next election, which he will. By the way, that election won’t be rigged.
US factory production rose at healthy pace in August
However, the article goes on to complain about the tariff war. Trump is missing the boat by not moving for fiscal stimulus without governmental borrowing. Let’s see if he gets the word.
Weather Underground meteorologist Jeff Masters said the “near-record global warmth in 2019 is all the more remarkable since it is occurring during the minimum of the weakest solar cycle in 100+ years, and during a year when a strong El Niño has not been present.”