How the Tax Court’s Risk Distribution Analysis Misapplies the Law of Large Numbers
By Sol Feinberg, FCAS, MAAA, Consulting Actuary, and Hale Stewart, JD, LL.M., Attorney on December 3, 2025
Sol Feinberg and Hale Stewart were recently featured in an article by Captive Insurance Times titled, "How the Tax Court’s Risk Distribution Analysis Misapplies the Law of Large Numbers". In it, they discuss how the US tax court’s approach to risk distribution is rooted in a flawed reliance on the Law of Large Numbers. The […]
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