Coalition: Positive News for Florida Insurance Consumers

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Coalition for American Insurance: Positive News for Florida Insurance Consumers Washington, D.C. (June 8, 2018) – The Coalition for American Insurance pointed to welcome news by JLT Re that capital in the reinsurance market remains strong and reinsurance renewal rate changes for Florida property were negligible at the June 1 renewal, much lower than had been… Read more »

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Coalition Applauds Final Passage of Tax Cuts and Jobs Act

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WASHINGTON, D.C. (December 20, 2017) – The Coalition for American Insurance is pleased to thank Congress for passing the Tax Cuts and Jobs Act, an important policy achievement for the U.S. insurance industry and its customers. The first major tax reform package in three decades will establish a more level playing field for all insurers doing business… Read more »

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Coalition Letter in Wall Street Journal

Posted by & filed under Letters, News, Opinions, Uncategorized.

WASHINGTON, D.C. (November 27, 2017) – The Coalition for American Insurance voiced support today for a recent Wall Street Journal editorial that focused on the importance of reducing base erosion through tax reform. The original editorial can be viewed HERE. The text of the Coalition letter is below. Senate’s Take on Tax: Best to Reduce… Read more »

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Coalition Commends Inclusion of Anti-Base Erosion Provisions in Senate Bill

Posted by & filed under Letters, News, Uncategorized.

WASHINGTON, D..C. (November 17, 2017) – In a letter to Senate leaders today, the Coalition for American Insurance commended the Senate for including strong anti-base erosion provisions in its version of the Tax Cuts and Jobs Act to help close the Insurance Tax Haven loophole. The letter reads in part:   “The Coalition for American… Read more »

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Congressman Budd Floor Statement on Closing Insurance Tax Haven Loophole

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WASHINGTON, D.C. (November 16, 2017) – Congressman Ted Budd (R-NC) delivered a statement on the floor of the U.S. House of Representatives today in support of closing the Bermuda Insurance Tax Haven loophole. The loophole allows foreign-based insurers to shelter income overseas and avoid paying U.S. taxes. Congressman Budd has been a leader on this… Read more »

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Coalition for American Insurance Statement on Latest Inversion by U.S. Insurance Company

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WASHINGTON, D.C. (October 18, 2017) – News broke today that Assurant Inc. will acquire Chicago-based Warranty Group. According to reports, the acquisition paves the way for an inversion to Bermuda and will allow the new company to exploit the Insurance Tax Haven Loophole, which allows foreign based insurers to avoid paying federal taxes on reinsurance… Read more »

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Op-Ed: Closing the Insurance Tax Haven Loophole Key to Comprehensive Tax Reform

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WASHINGTON, D.C. (October 5, 2017) – In an op-ed in The Morning Consult today, William R. Berkley, Executive Chairman of W. R. Berkley Corporation, Inc., states that closing the Insurance Tax Haven Loophole will be crucial to comprehensive tax reform. The op-ed reads in part: “Proposals to close the loophole are not new. Both the… Read more »

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Coalition Statement on Framework for Tax Reform

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WASHINGTON, D.C. (September 27, 2017) – The Coalition for American Insurance issued the following statement today regarding the announced Framework for Tax Reform:   “The Framework’s emphasis on leveling the playing field between U.S. and foreign-headquartered parent companies is welcomed and the Coalition looks forward to working with lawmakers to achieve this objective. Also important… Read more »

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Coalition for American Insurance Statement on Hurricanes Harvey and Irma Recovery Efforts

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WASHINGTON, D.C. (September 12, 2017) – The Coalition for American Insurance issued the following statement today regarding the recovery efforts underway following Hurricanes Harvey and Irma. “The member companies of the Coalition for American Insurance are committed to assisting those impacted by Hurricane Harvey and Hurricane Irma. Companies are contributing to relief efforts to help… Read more »

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