Captive insurance companies are now popular for tax planning in addition to risk management. In response, the IRS has developed an increasingly sophisticated set of standards for determining what is insurance over the past few years.

Recent high-profile cyberattacks have demonstrated that hackers do not always intend to steal. Instead, many hacks are designed to disrupt normal business opera¬tions and damage computer systems or even brick-and-mortar property.

Among the economic risks associated with any construction project, payment risk looms large.

On June 12, 2014, the U.S. Supreme Court unanimously held in Clark v. Rameker (134 S. Ct. 2242) that inherited IRAs are not exempt from the claims of creditors of a beneficiary who has filed for bankruptcy.

These days, keeping up with all of the recent examples of cyberattacks seems almost impossible. They continue to strike at an amazing clip, with some far worse than others.

Today's cyberthreats can trigger multi-faceted losses. A serious cyber incident could cause bodily injury, property damage, business interruption, shareholder litigation, customer privacy litigation, regulatory action, terminations or resignations among senior management, and reputation damage.

As many policyholders already know, prompt payments from insurance companies for settlement costs can be hard to come by. Often, the policyholder must settle a case without a commitment to help fund it from its insurer.

If you have a sizeable insurance claim (or even a smaller one but recurring in nature), getting quality and fair claims handling can be elusive.

The prevalence of drones continues to increase exponentially as all classes of users — private hobbyists, wedding photographers, real estate agents, corporate giants — assemble flotillas to entertain, market, and provide new and enticing business offerings.

Almost all of us know within our own personal circle of friends, family, business associates or acquaintances, those who live together but are not married.

Summer is upon us and the 2013 tax season is a distant memory — for most of us, including our estate planning and tax clients here at Anderson Kill. Yet, in 2012 I learned firsthand why the 2012 tax season might continue indefinitely, thanks to the successful efforts of a tax identity thief who fraudulently claimed our son’s 2011 tax refund.

To say that the insurance market for computer-related perils is in a state of flux is putting it politely.

The New York legislature unanimously passed — and on July 23, 2008, Governor Paterson signed — an important insurance bill intended to correct a longstanding disadvantage for policyholders under New York law.

Weeks after Hurricane Ike, a Texas sized Category 2 storm that ripped through the Gulf of Mexico, Galveston and Houston, businesses are still shut down and operations are only slowly being restored.

Employers should be aware of recently enacted significant tax breaks designed to promote job growth as the nation's economy continues to recover from the recession.

D&O and E&O insurance companies in particular have contested scores of insurance claims by arguing that the claims do not constitute "loss" as defined in the insurance policy.

Public sector projects, like private sector projects, face risk that must be managed through insurance coverage. Contractors undertaking large and complicated public projects bear greater obligations and burdens as a cost of doing business.

Very recently, we obtained for a policyholder-client an insurance recovery when the United States Court of Appeals for the Sixth Circuit rejected AIG’s denial of insurance coverage for the losses that resulted when the policyholder suffered a data breach at the hands of a computer hacker.

Now, and for more than 30 years, the estate tax marital deduction is unlimited. But there have been many, many non-tax changes, some the result of changing social attitudes, and some the result of technological and medical advancements that few could have foreseen.

Social media platforms such as Facebook, Twitter and LinkedIn have become integral parts of the corporate world.