• Home
  • Articles
  • US court lifts freeze order against offshore insurer

US court lifts freeze order against offshore insurer

In a blow to the IRS, a United States court has dismissed a receiver and lifted an asset freeze order against a Barbados-licensed insurer which is being investigated for alleged tax evasion.The ruling at the U. S. District Court for the Southern District of California on December 3 unfroze more than $500 million of assets belonging to Doctors Benefit Insurance Company Ltd.