Media Mentions
2010
Nancy Gerrie was mentioned in an August 20P&C National Underwriters story about presenters at the Captive Insurance Companies Association (CICA) Fall Seminar in Washington, DC. Ms. Gerrie will speak on the typical Department of Labor decisions and processes that an employer needs to address when turning to captives for funding employee benefits.
Nancy S. Gerrie, Employee Benefits
2007
Nancy Gerrie was quoted in the May 28 issue of Business Insurance about how the IRS regulations that define the normal retirement age for a pension plan will force hundreds of employers that use a younger age to prove it is reasonable. “This is going to require some analysis and extra work,” said Ms. Gerrie.
Nancy S. Gerrie, Employee Benefits
Nancy Gerrie was quoted in the April 2 issue of Business Insurance in an article detailing Fidelity Investments' decision to add health savings accounts to its retiree savings program. "It is applying a defined contribution approach to retiree medical benefits. It is a way of controlling your costs and knowing what to expect in terms of expense," Ms. Gerrie said.
Nancy S. Gerrie, Employee Benefits, Employee Benefits - Insurance, Insurance
2005
Nancy Gerrie was quoted in the November 7 issue of Lawyers Weekly USA in an article about the best piece of professional or personal advice lawyers attending a recent seminar held by the National Association of Women Lawyers seminar in Chicago ever received. "The best piece of advice I ever got was from my 94-year-old grandmother, who told me, 'Life is a marathon, not a sprint.' When I was a young lawyer, I was so eager to achieve, I tended to over-commit. The reality is when you get older you realize it's probably better to be a little bit more thoughtful about what you're going to do in terms of quality versus quantity," Ms. Gerrie said.
Nancy S. Gerrie, Employee Benefits
2004
Nancy Gerrie was quoted in Business Insurance on August 16 regarding a proposed plan by Whirlpool to fund retiree health care benefits utilizing its captive insurance company, a tax-free trust and commercial life insurance. "This could be a way of getting more third-party business in the captive," Ms. Gerrie commented on this unusual arrangement which has been submitted to the Labor Department for approval.
Nancy S. Gerrie, Employee Benefits, Insurance
2003
Nancy Gerrie and Tom Jones were quoted in CFO Magazine on May 6 regarding the escalating costs of benefits and the use of captives to reinsure benefits. The big lure of using a captive to underwrite employee benefit risk is a decrease in taxes. Mr. Jones explained that for a company to qualify for a federal tax deduction on the premiums it pays to its captives, however, the captives must do as much as 50% of their business in risks unrelated to the parent company. Ms. Gerrie commented on the Department of Labor's (DOL) decision to fast-track procedures allowing employers to reinsure benefits through captives. "Usually it takes more than a year for the DOL to rule on an individual exemption," Ms. Gerrie commented, but that timeframe should be substantially reduced under the fast-track procedures.
Nancy S. Gerrie, Thomas M. Jones PC, Captive Insurance and Reinsurance, Employee Benefits, Tax
2002
Nancy Gerrie was quoted in the May 1 issue of Risk & Insurance in an article addressing the use of a captive insurer for employee benefits.
