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Hartford Financial Estimates Fourth-Quarter Impact of About $1 Billion From Taxes, Catastrophes
Hartford Financial Services Group Inc. is estimating a fourth-quarter charge of about $850 million related to the impact of lower U.S. corporate taxes, as well as about $180 ...
Source: BestWire   Date: January 9, 2018
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 Briefing: First Look – Tax Reform 2017
The Tax Cuts and Jobs Act will generate changes to laws impacting the insurance industry.
 Data
Source: Commentaries   Date: December 21, 2017
Validus Estimates $30 Million in Net Losses From October California Wildfires
Validus said in a statement. Catastrophes were the source of significant third-quarter losses for Validus, but Chairman and Chief Executive Officer Ed Noonan said results met ...
Source: BestWire   Date: December 8, 2017
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China Looks to Boost the Commercial Pension Insurance Market
Regulatory Commission to attract foreign investment. Recently, the government announced plans for further opening of financial industry, including insurance sector, to foreign ...
Source: BestWire   Date: November 30, 2017
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Progressive CFO Says Company Likely to Let Federal Tax Change Benefit Net Earnings
Chief Financial Officer John Sauerland said during an earnings call. However, he said the company would consider the competitive environment and the "likely permanence in any ...
Source: BestWire   Date: November 3, 2017
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House GOP Tax Bill Won’t Change 401(k) Deduction, Slashes Corporate Rate
House Majority Leader Kevin McCarthy said in a statement. "We make the system work for everyone and promote a strong economy, so the American people will finally get a raise," ...
Source: BestWire   Date: November 2, 2017
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NAMIC’s Grande: Tax Reform Must Consider Unique Risk Needs of Insurers
Mutual Insurance Companies, held in Denver. View the video version of this interview at: http://www.ambest.com/v.asp?v=grande917 Following is an edited transcript of the interview. ...
Source: BestWire   Date: October 24, 2017
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PCI Chief Executive: US Tax Reform Could Fuel Property/Casualty Growth
Tell us what's going on here this week. A: We've got about 1,300 insurance executives from all over the world. We've got primary insurance executives, reinsurers, brokers. It's one ...
Source: BestWire   Date: October 17, 2017
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Presbyterian Health Denies Allegations It Filed False Claims for Premium Tax Deductions, Credits
New Mexico," he said. "We work openly and in good faith with governmental authorities, and we honor our obligations as a New Mexico taxpayer." Presbyterian's response brief to the ...
Source: BestWire   Date: September 14, 2017
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China Approves Four Insurers for Tax-Break Medical Insurance Program
The China Insurance Regulatory Commission has granted approvals to four more insurers to offer medical insurance with a tax break, according to a statement from the regulator. This ...
Source: BestWire   Date: July 10, 2017
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Ironshore International Expands in Europe Through New Frankfurt Office
Germany through Ironshore Agency Ltd. to expand its presence in Europe. "Ironshore has established the dedicated M&A presence in Frankfurt to better serve our German-speaking ...
Source: BestWire   Date: July 6, 2017
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Insurance Council of New Zealand: New Levy May Make Home Insurance Unaffordable
Insurance Council of New Zealand. The government said from Nov. 1, there will be a 33% increase in the Earthquake Commission levy applied to house insurance. The new levy means ...
Source: BestWire   Date: May 30, 2017
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 BestWeek - April 24, 2017 Edition
Despite facing the double whammy of seeing their commissions reduced or eliminated while demand for their services substantially increases, people like Kelly Don Fristoe, owner of ...
Source: BestWeek   Date: April 24, 2017
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New Levy Rates for Fire, Emergency Services to Increase Premiums in New Zealand
News Service, April 29, 2016). The existing fire service levy is a tax that is applied to insurance premiums paid for contents, domestic and commercial property cover, and motor ...
Source: BestWire   Date: April 7, 2017
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Workers’ Comp, Florida No-Fault, Texas Hailstorm Issues Are Insurance Trade Legislative Priorities
Florida Supreme Court's decision in Castellanos v. Next Door Co., which struck down the attorney's fee schedule in workers' compensation cases (Best's News Service, May 2, 2016). ...
Source: BestWire   Date: February 6, 2017
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Association Heads Set 2017 Washington Agenda: Taxes, Flood, Drones
Leaders from the property/casualty, reinsurance and mutual sectors believe fundamental changes in taxation and the federal flood program could benefit insurers. Drone regulations ...
Source: AM Best TV   Date: January 23, 2017
 Best's Asia-Pacific Weekly - December 13, 2016 Edition
Asia-Pacific has been a popular destination for insurance merger and acquisition deals as global and regional players are highly attracted to the region’s strong growth potential.
Source: BestWeek Asia-Pacific   Date: December 13, 2016
China’s Regulator: Medical Insurance Tax-Break Program Lacks Awareness and Support System
The China Insurance Regulatory Commission said lack of awareness and an operational supporting system are among the issues in promoting the tax-break medical insurance program ...
Source: BestWire   Date: December 5, 2016
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W.R. Berkley Executive Chairman: New Administration a Positive for Industry
American Institute of Marine Underwriters, held in New York. View the video version of this interview at: http://www.ambest.com/v.asp?v=berkley1116 Following is an edited ...
Source: BestWire   Date: November 23, 2016
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Michigan Governor Poised to Sign Bill Eliminating Estimated $80 Million Insurer Tax Credit
The Michigan Senate has sent Gov. Rick Snyder legislation that would repeal an estimated $80 million insurance industry tax credit, a move the Insurance Institute of Michigan ...
Source: BestWire   Date: June 9, 2016
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