WASHINGTON, D.C. (November 9, 2017) – The Coalition for American Insurance issued the following statement today regarding the Ways and Means Committee action on H.R. 1: “While the Chairman and the Committee intended to close the Insurance Tax Haven Loophole and level the playing field in the original Chairman’s mark, the Committee’s modified bill… Read more »
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 »
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 »
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 »
WASHINGTON, D.C. (September 19, 2017) – A new academic article published in Tax Notes and authored by Jonathan Talisman, founding partner of Capital Tax Partners LLP, explains that the offshore affiliate reinsurance loophole must be closed to ensure tax fairness for U.S. and foreign based insurers operating in the U.S. market. Talisman notes that proposals… Read more »
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 »