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Time's Up
... Affordable Care Act surtax. Potential Outcome 4: Lower Tax Rates Across The Board Income Tax Rates Another proposal would keep six marginal tax rates, but have an across-the-board ...
Source: Best's Review   Date: December 1, 2012
Holding Onto House Majority, GOP Taps Committee Chairmen
Financial Services Committee next year, taking over from U.S. Rep. Spencer Bachus, R-Ala. Hensarling was able to succeed Bachus thanks to the GOP maintaining its majority status in ...
Source: BestWire   Date: November 29, 2012
Insurance Industry Waits Its Turn as Congress First Takes On 'Fiscal Cliff'
But with a looming Dec. 31 deadline for solving a problem that has raised the stakes for breaking a long-running, partisan logjam over how to cut the national deficit, they said ...
Source: BestWire   Date: November 28, 2012
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ACLI Conference: Ex-Congressional Budget Director Says Obama Has Best Chance of Avoiding Fiscal Cliff
...Eakin said during an Oct. 22 speech at the American Council of Life Insurers annual conference in Washington, D.C. "If Obama wins, he will have more leverage than Romney to kick ...
Source: BestWire   Date: October 23, 2012
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Malaysian Life Insurers Applaud Scrapping of 8% Annuity Tax
Razak said in his speech. The Life Insurance Association of Malaysia, which had lobbied for ending the 8% tax, said the government's decision will give a "major boost" to ...
Source: BestWire   Date: October 17, 2012
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US Life Insurance Industry Eyes Benefits if Current Estate-Tax Exemptions Are Lowered
Parks Lee Financial Services MetLife in Alabama. The industry is in an interesting position of wanting to favor the taxpayer but "delighted at the opportunity to generate life ...
Source: BestWire   Date: October 10, 2012
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Federal Court Rejects Mississippi Challenge to ACA
News Service, June 28, 2012). Whether claims for damages stemming from the mandate are ripe or not, the ACA is facing additional legal challenges from those who say the law ...
Source: BestWire   Date: September 18, 2012
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Alabama Insurance Fraud Laws Go Live
News Service, May 11, 2012). The laws require insurers to report suspected fraud by way of the National Association of Insurance Commissioners' uniform reporting form. Those ...
Source: BestWire   Date: August 6, 2012
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Closer to Home
Captive Benchmarking Report. But this trend largely reversed itself over the decade that followed. From 2001 to 2011, 52% of all captives formed were domiciled either in the United ...
Source: Best's Review   Date: August 1, 2012
A.M. Best Requests Comments on Draft Criteria: Equity Credit for Hybrid Securities
A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the draft criteria report, “Equity Credit for Hybrid ...
Source: Press Releases   Date: July 30, 2012
TARP Special Investigator: AIG Needs More Supervision
American International Group Inc., saying "comprehensive, and rigorous regulation of AIG is vital" to ensure taxpayers do not suffer further financial losses in the future. The ...
Source: BestWire   Date: July 26, 2012
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US Senate Democrats Pull Estate Tax Changes From Tax Cut Bill
Bush tax cuts through 2013. As written, the estate tax provisions would have returned tax levels to those set in 2009. Ronald Aucutt, a McGuireWoods partner who chairs the firm's ...
Source: BestWire   Date: July 20, 2012
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Affordable Care Act May Benefit Medical Liability Writers
...This was something lawmakers trumpeted two years ago. The act may result in a healthier population." The industry has already been making a number of changes in anticipation of the ...
Source: BestWire   Date: July 13, 2012
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AIG Files $30.2 Million Tax-Related Lawsuit Against US Government
The company's complaint, filed in the U.S. Court of Federal Claims, said AIG is working to resolve tax overpayments and underpayments through 1999. "AIG is bringing this action to ...
Source: BestWire   Date: July 9, 2012
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Nevada to Become Latest State to Drop NIMA
Nonadmitted and Reinsurance Reform Act. With Nevada becoming the latest state to leave NIMA, there are just five states and Puerto Rico remaining in the agreement. Those are ...
Source: BestWire   Date: July 3, 2012
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Cigna Regional President: US Heath Reform Provides Access but Doesn't Go 'Far Enough' to Address Affordability, Quality
Human Services to make the law work. In 2006, then-Massachusetts Republican Gov. Mitt Romney signed that state's near-universal coverage legislation into law. Its centerpiece also ...
Source: BestWire   Date: June 29, 2012
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US High Court Upholds Health Care Reform; Insurers Divided on Impact
Americans purchase health insurance. The ruling hands the Obama administration a key victory on its signature domestic achievement. Siding with the traditionally liberal bloc, ...
Source: BestWire   Date: June 28, 2012
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Hawaii Drops Out of NIMA; Surplus Lines Clearinghouse Still Scheduled to Open July 1
Hawaii insurance commissioner, in a June 7 letter to NIMA. "We had hoped the differences between Hawaii law and NIMA operating procedures could be resolved to allow Hawaii to ...
Source: BestWire   Date: June 15, 2012
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Amid Departures, NIMA Approves 'Kentucky Proposal' for Premium Tax Distribution
Kentucky Department of Insurance. The so-called "Kentucky Proposal" calls for allocating property-related surplus lines taxes based on exposures, but not allocating casualty ...
Source: BestWire   Date: May 25, 2012
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 2012 Special Report: Philippines – Market Review. Capital Challenges to Alter Philippines Insurance Landscape
The insurance market in the Philippines has recovered from the turbulence of the global financial crisis to record an increase in premium income over the past few years. The recov...
 Data
Source: Special Reports   Date: April 16, 2012


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