United States: Insurance Laws and Products

Private placement life insurance (PPLI) has been characterized as a tax loophole for the ultra-wealthy, but is that characterization accurate? This analysis examines the mechanics, regulatory framework, and evolving accessibility of PPLI, challenging common misconceptions about how these insurance products actually work and who can benefit from them.

Commercial and residential construction projects expose property owners and general contractors to significant risks arising from personal injury, property damage and construction defect claims. Contract documents can help allocate those risks to the responsible parties, while insurance can protect against losses that cannot be avoided or fully transferred. Common risk management tools include contractual indemnity, prevailing-party attorneys’ fees provisions, insurance requirements and early alternative dispute resolution (ADR) clauses.

These schemes rarely look like obvious scams. Instead, they’re often embedded within otherwise legitimate medical claims, making them difficult to detect. Over time, however, improper billing practices, unnecessary procedures, or referral-driven treatment patterns can add millions of dollars in expenses to employer health plans and insurance systems.