Tag Archives: Bill

Bill Glynn Releases His Most Controversial Ideas in a New 40 Page Booklet I.O.U.S.A. NOT! USA Owes US!

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Nashville, TN (PRWEB) October 7, 2008

Bill Glynn, controversial author of “Left on Red,” ranked one of the top 15 innovators in the world, takes on economic and social issues looming over America and the world economy and offers simple to understand explanations and solutions for our woes. He has appeared with Fox Business network anchor Neil Cavuto, is a regular guest on over 80 radio stations and broadcast networks nationwide and has joined leaders including Hugh Hewitt, Rita Cosby, Ross Perot and many others in presenting his solutions on the failing economy.

A movie and short book – I.O.U.S.A.- recently examined the spiraling national debt and economic decay presenting the facts and interviews from America’s most successful and brightest executives including Alan Greenspan. The U.S., burdened now with $ 10 trillion in debt, is on the verge of bankruptcy and I.O.U.S.A. painted a grave picture of these facts. Bill Glynn believes we are owed answers and solutions to protect our way of life. In fact, he is often quoted saying:

“If America were a company, and we should be viewed as such as a Capitalist Nation, our Board of Directors and Management would be fired and in Jail.”

As a shareholder of this nation demanding solutions to America’s problems, Bill Glynn has written I.O.U.S.A. NOT! – USA Owes US. The document is 40 pages and free to download at http://www.billglynn.net . He addresses eleven sore subjects (only a few of many) that America must overcome in order to keep our society and way of life going. In the first chapter, The Silver Bullet, he outlines a variety of ways we can move forward to solve some the present economic woes and the many issues facing our country.

According to Bill Glynn, if we allow the government to do more of the same, we will lose international confidence and will be cut off from those nations buying our debt that are keeping the USA from bankruptcy right now. As bleak as all this sounds, Glynn says his solutions are simple and attack the very cancer that is crippling our nation economically and socially. According to Glynn, his pioneering 10% solution to eradicate the U.S. deficit is among the most noted across the country. Glynn continues by saying, if you plan to vote for McCain and Palin or Obama and Biden this hand guide will wake you up and provide education and insight on issues everyone should understand going into one of the most important elections in our lifetime.

About Bill Glynn

Bill Glynn is a successful entrepreneur, author of Left on Red (Wiley & Sons) and voted one of the world’s top 15 innovators by Information week. He advises leaders of over 20 global 1000 companies, is an influential insider in music and film entertainment and manages, advises various venture funds and businesses he has founded, incubated or facilitated. He is credited with helping Chat and Instant Messaging become pervasive across the Web, the creation of landscaping appraising and insurance underwriting for landscaping, foundation work in securitizing private equity through the collateralized private equity obligation among many more. He has raised over $ 1 billion for the funds and private ventures he has helped create and advised. He serves the leadership of London’s Royal Institution’s World Science Assembly and the East West Institute where he focuses on the weaponization of science and harmonizing humanity among the major faiths on earth.

Bill Glynn helped build Southeast Interactive Tech Funds and was an early investor in How Stuff Works; Arsenal Digital, Opensite, Instant Messaging (IM) and Chat; Tom Clancy Red Storm Entertainment, HAHT Commerce, Interactive Magic, he is the founder of Collective IQ, Money Grows on Trees, Horticultural Asset Management, Pearl Street Capital and works as a corporate venture and development advisor for Molson Coors, Xcel Energy, Fujitsu, Global Exchange, Wrigley, Teradata, Western Union, First Data, SAS, Alticor, Amway, Legendary Pictures, Provident Music, Landis Entertainment, CCLI, The Strategic Venture Association, The Gulf Venture Association, The Briner Institute, East West Institute, The Royal Institution in London among others.

Bill Glynn

http://www.billglynn.net

info@collectiveiq.com

Media Contact

Sandy Frazier

(516) 735-5468

sandy@mystic-art.com

http://www.SandyPR.com

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New Captive Insurance Legislation Proposed for Vermont — Bill to Allow Incorporated Protected Cells

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(PRWEB) March 22, 2011

The proposed bill expands Vermonts captive laws, to include allowing cells within a sponsored cell captive to be formed as incorporated protected cells. Vermont currently allows protected cells created by contract alone. This presents another option for a cell owner in addition to cells created by contract alone, said David Provost, Deputy Commissioner of Vermonts Captive Insurance Division. Weve heard from the captive industry that they wanted the option of having incorporated cells. This legislation does just that, without limiting any rights or protections afforded by cells created by contract.

After a strong 2010 with the licensing of its 900th captive insurance company, the State of Vermont is proposing changes to the Captive Insurance law in the legislature as part of its annual enhancements to its captive statute, according to the Department of Banking, Insurance, Securities and Health Care Administration (BISHCA).

“It is critical that we are responsive to the industry, said Governor Peter Shumlin. Since 1981, when Vermont became a domicile, Governors and Legislatures have united in keeping us the gold standard for regulation of this industry and these proposals are in keeping with that tradition, he added.

The proposed bill, H438, expands Vermonts captive laws, to include allowing cells within a sponsored cell captive to be formed as incorporated protected cells. Vermont currently allows protected cells created by contract alone. This presents another option for a cell owner in addition to cells created by contract alone, said David Provost, Deputy Commissioner of Vermonts Captive Insurance Division. Weve heard from the captive industry that they wanted the option of having incorporated cells. This legislation does just that, without limiting any rights or protections afforded by cells created by contract.

Another component of the legislation will expand the potential types of companies that may be sponsors of cell structures. This change will address the perceived restrictions regarding whom may be a cell owner and will reinforce that the insurance commissioner will have full discretion in deciding who may be a sponsor, said Dan Towle, Vermonts Director of Financial Services.

Another change has been proposed to create greater flexibility within cell structures. This change will eliminate the current restrictions on cell business. Business written by a sponsored captive will no longer be required to have it be fronted, reinsured or secured by a trust. This requirement will now be at the discretion of the commissioner.

“Vermont will continue to license quality companies that may be sponsors of cell structures. Any company that continues to meet our regulatory standards may be a sponsor and companies will now have greater flexibility in their structures and their ownership, said Provost. Vermont currently has 18 sponsored cell captives with approximately 100 individual cells.

Vermont Strengthens Captive Insurance Legislation; New Bill Signed into Law Allows Incorporated Protected Cells

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Montpelier, VT (PRWEB) May 20, 2011

Legislation passed by the 2011 session of the Vermont Legislature and signed into law by Governor Peter Shumlin expands Vermonts captive laws, to include allowing cells within a sponsored cell captive to be formed as incorporated protected cells. The bill was signed into law before a group of industry supporters on May 11.

This bill is testimony to our commitment to keep pace with the changing needs of this industry, said Governor Peter Shumlin. I commend the Legislature for their hard work and commitment to keeping Vermont the gold standard for captive domiciles.

Another change in the new captive insurance law creates greater flexibility within cell structures on business written by a sponsored captive and who can own a sponsored captive. These updates will allow more companies to domicile in Vermont and utilize the option of having incorporated cells. This is accomplished without limiting any rights or protections afforded by cells created by contract, said David Provost, Deputy Commissioner of Vermonts Captive Insurance Division.

Cell owners will now have more options, said Dan Towle, Director of Financial Services. Vermont will continue to license quality companies that may be sponsors of cell structures as long as they meet our regulatory requirements. The new law offers greater flexibility in their structures and ownership. Vermont currently has 18 sponsored cell captives with over 100 individual cells.

The bill also makes permanent the elimination of the first year minimum tax of $ 7,500 for newly licensed captives. It was a way for the Legislature and Governor to say thank you to an industry that has been so beneficial to Vermont, said Richard Smith, President of the Vermont Captive Insurance Association (VCIA). The VCIA was a strong supporter of this legislation and was a partner with the State in its passage.

After a strong 2010 with the licensing of its 900th captive insurance company, the State of Vermont enacted these changes to the Captive Insurance law in the Legislature as part of its annual enhancements to its captive statute, according to the Department of Banking, Insurance, Securities and Health Care Administration (BISHCA).

Vermont is off to its strongest start in years with nine captives licensed thus far with five applications in progress. Vermont is the largest captive insurance domicile in the U.S. and the third largest in the world, with $ 25 billion in gross written premium in 2010. Vermont is also home to captives formed by 42 of the companies that make up the Fortune 100, and 18 of the companies that make up the Dow 30 have Vermont captives.

Get to Know Captive Insurance

Captive insurance is a regulated form of self insurance that has been around since the 1960s, and has been a part of the Vermont insurance industry since 1981, when Vermont passed the Special Insurer Act. Captive insurance companies are formed by companies or groups of companies as a form of alternative insurance to better manage their own risk. Captives are typically used for corporate lines of insurance such as property, general liability, products liability, or professional liability. Growth sectors of the captive insurance industry include securitization, professional medical malpractice coverage for doctors and hospitals, and the continued trend of small and mid-sized companies forming captive insurance companies.

A sponsored captive is a structure created by a sponsor (typically an insurance company or other financial institution) to house individual insurance arrangements called cells. Each cell is created by the insured party, who is usually a customer of the sponsor, to insure its own risk. Such programs are ideal for insured who want to explore the use of a captive without starting their own or to address a short-term insurance issue (captives are considered long-term solutions to long-term issues). In many cases, they serve as incubator space for new captive insurance companies, as the cell owner discovers the benefits of creating their own captive.

An incorporated protected cell is a cell of a sponsored captive that is created under Vermonts corporation laws as a true corporation, as opposed to a cell that is created by contract.

For more information on Vermonts captive industry, please visit http://www.VermontCaptive.com, call Dan Towle at 802-828-5232 or email at dan.towle(at)state(dot)vt.us.

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