Captive Insurance Changes for 2017

By: Mark A. Rysberg On December 18, 2015, the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) was signed into law. Proponents and sponsors of captive insurance structures often refer to the tax benefits of I.R.C. Section 831(b), which allows eligible...

Captive Insurance and Risk Retention

By: Mark A. Rysberg The concept behind captive insurance companies is based on the principle that rewards are derived from the assumption and retention of risk. Traditional insurance vehicles purchased through third-party agents is directed at shifting definable risks...

Michigan Prevailing Wage Update

By: Mark A. Rysberg Michigan’s prevailing wage law faces potential repeal in 2017. The first three bills proposed by the Michigan Senate are directed at repealing the laws that require labor on Michigan public construction projects be paid at prevailing wage rates...

Contractor Loses Bad Faith Argument Against Surety

By Aileen Leipprandt The Sixth Circuit Court of Appeals recently affirmed that a surety did not act in bad faith when it settled the claim of its principal contractor against the State of Michigan related to disputes on a prison construction project. Great American...
Construction Contract Clauses Part 1: Integration Clause

Construction Contract Clauses Part 1: Integration Clause

Construction Contract Clauses: Integration Clause Author: Attorney Mark A. Rysberg Construction contracts are intended to define and memorialize the parties’ expectations regarding how they will perform during the course of a construction project. This series will...