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 Special Report: 2019 US Economic Outlook Have We Reached the Inflection Point?
Economic growth will continue but at a slower pace, as the effects of stimulus fade and financial conditions tighten
 Data
Source: Special Reports   Date: February 25, 2019
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Agents, Brokers Qualify for Pass-Through Federal Tax Deduction Under New Government Regulation
December 2017 (Best's News Service, Nov. 28, 2018). The determination means that owners and shareholders of insurance agencies and brokerages organized as pass-through entities can ...
Source: BestWire   Date: January 21, 2019
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China’s Regulator Grants Approval to Sun Life Everbright for Tax-Deferred Pension Scheme
Sun Life Everbright Life Insurance Co. Ltd. to operate a tax-deferred pension insurance scheme. Sun Life Everbright, a joint venture of Canadian Sun Life Financial Inc., is among ...
Source: BestWire   Date: January 9, 2019
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China’s Regulator Grants Approval for Third Batch of Tax-Deferred Pension Scheme Insurers
Heng An Standard Life and BoComm Life. The CBIRC said it will closely monitor the operation of these insurers for the protection of consumer interests and industry development. ...
Source: BestWire   Date: September 13, 2018
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China’s Tax Deferred Pension Insurance Scheme Pushes Growth Potential
Willis Towers Watson China. The China Banking and Insurance Regulatory Commission has issued guidelines for the development of tax-deferred pension products and management measures ...
Source: BestWire   Date: September 6, 2018
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Microsoft Captive Reaches Settlement to Pay Washington State $876,820 in Premium Taxes, Penalties
News Service, May 15, 2018). From 2008-2018, Cypress collected more than $91 million in written premium from Microsoft and its companies, but had not paid the 2% tax on written ...
Source: BestWire   Date: August 20, 2018
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Briefing Examines Tax Reform and Captive Ratings
The signing of the Tax Cuts and Jobs Act (TCJA) into law on Dec. 22, 2017 resulted in broad changes to the U.S. tax code not seen in over 30 years. It also made what is normally a ...
Source: Best's Review   Date: August 1, 2018
China’s Regulator Approves Four More Life Insurers to Operate Tax-Deferred Pension Programs
Minsheng Life, ICBC-Axa Life and Soochow Life. The CBIRC said the insurers have to operate steadily for the development and management of tax-deferred pension insurance schemes. ...
Source: BestWire   Date: July 20, 2018
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 Briefing: Tax Reform: No Impact on Captive Ratings Anticipated
Changes to the US tax code stemming from the 2017 Tax Cuts and Jobs Act haven't affected our insurance industry ratings, including those on captive companies.
Source: Commentaries   Date: June 14, 2018
 Special Report: CAIR 2018: Forecast is Cloudy, But with a Chance of Profits
According to our latest annual survey of the Caribbean Association of Insurance Regulators, the 2016 performance of carriers operating in the region was solid, and insurers were pr...
 Data
Source: Special Reports   Date: June 14, 2018
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US House Bill Would Again Suspend Health Insurance Tax
Jackie Walorski, R-Ind.; Kyrsten Sinema, D-Ariz.; and Ami Bera, D-Calif. It would delay the tax in 2020; Congress previously has delayed the tax for 2019. America's Health ...
Source: BestWire   Date: May 29, 2018
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Florida Approves 1.8% Workers’ Comp Rate Cut Reflecting Impact of Federal Tax Changes
Insurance Commissioner David Altmaier said in a statement. "The data indicates that passing the savings along to businesses through a rate decrease is an appropriate response at ...
Source: BestWire   Date: May 2, 2018
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Bermuda Premier: Island Aims to Become Hub for Fintech, Virtual Currency
Management Society's annual conference in San Antonio. View the video version of this interview at: http://www.ambest.com/v.asp?v=burt418 Following is an edited transcript of the ...
Source: BestWire   Date: April 30, 2018
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IRS Rules Should Not Impede Microcaptive Ability to Mitigate Risk, Market Observers Say
...Insurance Institute of America. The IRS is concerned some 831(b) captives are being marketed for abusive purposes in estate planning rather than risk mitigation. "We're all for ...
Source: BestWire   Date: April 6, 2018
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RAA’s Nutter: Preservation of Insurance Provisions of Tax Code a Win for Industry
Subchapter L - Insurance Companies of the U.S. tax code will be implemented. Nutter spoke with A.M. BestTV at the 25th Reinsurance Symposium in Philadelphia. View the video version ...
Source: BestWire   Date: March 29, 2018
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 Special Report: 2018 Economic Outlook: More Left in the Tank?
In 2017, economic growth surprised on the upside, with the expansion of the US economy accelerating into the second half of the year, posting above trend growth rates of 3.1% in th...
 Data
Source: Special Reports   Date: February 6, 2018
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Congress Should Axe ACA Taxes Delayed by Stopgap Funding Bill, Trade Reps Say
National Flood Insurance Program until Feb. 8 (Best's News Service, Jan. 22, 2018). The tax provisions, originally enacted in order to pay for the 2010 health-care law, represent a ...
Source: BestWire   Date: January 24, 2018
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Cadillac Tax Repeal Could Be Wrapped Into Spending Bill, Lawmaker Says
Means Committee Chairman Kevin Brady said. "We want to get rid of it," Brady, R-Texas, told reporters at a press conference outside his office. "Even Democrats, who put that awful ...
Source: BestWire   Date: January 12, 2018
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Life Insurers Dodge Financial Hit in GOP Tax Reform Package, Market Watchers Say
Joint Committee on Taxation. The new costs were part of the budget offsets - also known as revenue enhancers - built into the bill to help pay for tax reform, including the ...
Source: BestWire   Date: December 22, 2017
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US House Approves Compromise Tax Reform Package, Sends to Senate
Tax Cuts and Jobs Act (H.R. 1), a compromise measure that reconciled the differences between the original House and Senate versions. The bill was approved with no Democratic ...
Source: BestWire   Date: December 19, 2017
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