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Insurance Daybook for Wednesday, Jan. 16, 2008: California Senate Weighs Schwarzenegger's Health-Care Plan
Health Care Security and Cost Reduction Act. Pushed by Assembly Speaker Fabian Nunez and Gov. Arnold Schwarzenegger, the bill would require California residents to have health ...
Source: BestWire   Date: January 15, 2008
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Proposed Calif. Levy Gets Grudging Nod From Insurers
Rataj said in a statement. "In light of the serious budget constraints in the state, the heightened fire exposure in the state, and the need for enhanced fire prevention and fire ...
Source: BestWire   Date: January 10, 2008
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Michigan Insurers Relieved Over Changes to New State Tax Law
Director of the Insurance Institute of Michigan. The IIM represents approximately 90 property/casualty insurance companies and related organizations operating in the state. "It was ...
Source: BestWire   Date: December 12, 2007
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State Legislators Oppose IRS Plan to Tax Captives
National Conference of Insurance Legislators. Sponsored by NCOIL member Kathleen Keenan, a state representative from leading captive domicile Vermont, the resolution calls on the ...
Source: BestWire   Date: November 16, 2007
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GOP Bill Would Tax Employer-Provided Health Coverage
Mel Martinez, R-Fla., Richard Burr, R-N.C., Tom Coburn, R-Okla., and Bob Corker, R-Tenn., offers refundable tax credits of up to $5,400 per family. In statements, the bill's GOP ...
Source: BestWire   Date: July 31, 2007
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Kansas Commissioner Hands Down Order Against Tenn. Firm
Insurance Commissioner Sandy Praeger. Praeger has issued a cease and desist order against the company, the National Foundation of America, and urged residents to contact the ...
Source: BestWire   Date: July 6, 2007
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Levin Wants to Close Stock Options Tax Deduction Gap
... Homes Chairman Stephen F. Bollenbach said his company "has no view regarding the matter" but that his company would "follow the law." Tauscher and John Chalsty, chairman of the ...
Source: BestWire   Date: June 5, 2007
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Massachusetts' Health Insurers Race to Enroll Uninsured Residents into 'Affordable' Plans
United States to mandate all residents buy health insurance. The law is "the great experiment" as to whether its approach to covering the uninsured can be done on a broader scale, ...
Source: BestWire   Date: May 3, 2007
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HUD Donates $30 Million to Mississippi Windpool
Hurricane Katrina hit in August 2005. Prior to the federal grant, rates had been running about 268% above their pre-Katrina levels. Dale said news of a price break for homeowners ...
Source: BestWire   Date: April 4, 2007
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Life Settlement Group Retracts Position on Oklahoma State Life Policies
Finance Committee, Charles E. "Chuck" Grassley, R-Iowa, who has questioned whether the plan runs counter to the federal tax code's intent. (BestWire, March 14, 2007). At the time ...
Source: BestWire   Date: March 29, 2007
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Fla. Citizens Receives $168 Million Tax Repayment From IRS
Citizens Property Insurance Corp., the homeowners insurer of last resort in Florida, said it received more than $168 million in a payment from the Internal Revenue Service. The ...
Source: BestWire   Date: March 21, 2007
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NAMIC Asks Lawmakers to Kill Lawsuit Provisions in Minimum Wage Bill
The Senate passed its own version on Feb. 1, containing about $8.3 billion in tax breaks over the next 10 years. In addition to the tax deduction provisions, the Senate's version ...
Source: BestWire   Date: March 15, 2007
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Insurance Tax Case Could Mean Windfall for Millions of Investors
Ulrich of Baxter, Minn., and the IRS over the tax treatment of stock and cash distributions stemming from the demutualization of an insurance company. Late last month, a trial date ...
Source: BestWire   Date: March 8, 2007
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House Votes to Include $1.3 Billion in Business Tax Breaks in Wage Bill
...Senate conference committee. The House has overwhelmingly passed a package of tax cuts that is billions of dollars less generous than the one earlier approved by Senate, yet it ...
Source: BestWire   Date: February 21, 2007
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House Dems to Accept Tax Breaks for Wage Hike Measure
But this week, the leader of the House's tax-writing panel, Rep. Charles Rangel, D-N.Y., said he would accept some tax provisions helping small businesses in order to get the ...
Source: BestWire   Date: February 12, 2007
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Senate Passes Minimum Wage Bill With Tax Measures
The Senate late the week of Jan. 29 overwhelmingly voted in favor of a minimum-wage bill containing a number of business-friendly tax measures, but the legislation still must head ...
Source: BestWire   Date: February 2, 2007
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Insurance Daybook for Friday, Feb. 2, 2007: Former CMS Head to Address NASI Conference
Louisiana Insurance Commissioner J. Robert Wooley, who oversaw the department after Hurricane Katrina, announced he would resign from his $85,000 per year post. Wooley was named ...
Source: BestWire   Date: February 1, 2007
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Minimum Wage Bill Would Axe Deductions for Civil Suit Costs, Cap Deferred Compensation
Republican senators to vote for the measure. At issue are a number of business tax credits, deductions, and other changes to the tax code worth $8.3 billion over 10 years that are ...
Source: BestWire   Date: January 30, 2007
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Hanover Insurance's 4Q Profit Drops 61.7% as Last Year Included Benefits from Prior Life Business
Hanover Insurance Group Inc.'s (NYSE: THG) fourth-quarter net income dropped sharply to $45.5 million, a decrease of 61.7% from the same period a year ago. The company's prior-year ...
Source: BestWire   Date: January 30, 2007
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Bush's New Health Insurance Plan Faces Stiff Resistance
Americans get their health insurance. According to America's Health Insurance Plans, about 17 million Americans buy their own health insurance, while 175 million get health ...
Source: BestWire   Date: January 24, 2007
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