American businesses and consumers rely on the availability of insurance services provided at competitive rates. The Coalition for Competitive Insurance Rates is made up of business organizations, consumer advocacy groups, insurers and their associations advocating for continued and increased competition within the insurance industry.



A proposal in President Barack Obama’s FY 2016 budget seeks to deny a tax deduction for reinsurance premiums paid to foreign affiliates by domestic insurers. The proposal closely resembles legislation introduced in Congresses by US Representatives Richard Neal (D-MA) and Bill Pascrell (D-NJ) and Senator Robert Menendez (D-NJ) that would drastically raise insurance rates across the country. The President’s budget proposal and the Neal-Pascrell-Menendez legislation would impose an unnecessary and costly tariff on the companies that help spread insurance risks globally. This ability to spread risk has been especially beneficial for consumers and businesses in areas subject to hurricanes, earthquakes, crop failures and other forms of disaster.

More than 100 independent experts, state government officials, business owners, and associations have publicly filed opposition letters to these tax proposals. Additionally, two economic research firms, the Tax Foundation and the Brattle Group, have published independent studies pointing out the potential economic consequences of the proposals.




CCIR Calls on Congress to Examine POTUS' Discriminatory FY 2016 Budget Proposal

Thirty-one business organizations, consumer advocacy groups, insurers and their associations today penned a letter to the leadership of the Senate Finance and House Ways and Means Committees, expressing concern over the latest discriminatory reinsurance tax proposal found in the president’s newly released FY 2016 budget and calling for the committees’ keen attention to the matter. The full letter, which was sent on behalf of the Coalition for Competitive Insurance Rates, can be read here.

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Industry Expert Warns Congress that Reinsurance Tax Threatens Private Market and Consumers 

In testimony given on November 19 before the US House of Representatives Financial Services Subcommittee on Housing and Insurance, former Florida state legislator and insurance agency owner Don Brown argued that any proposed tax on global reinsurers is a potential obstacle to achieving a thriving private flood insurance market.

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GC Capital Ideas: Capital Optimization: Using Internal Reinsurance for Group Capital Management

Increased capital efficiency remains at the forefront of (re)insurers’ strategies - owing largely to the pending introduction of the Solvency II regime, rating agency capital requirements and the continued pressure around shareholder expectations.

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Nevada Insurance Commissioner Among Growing Opposition to Harmful Reinsurance Tax Proposal

In a recent letter to Sen. Majority Leader Harry Reid (D-NV), Nevada Insurance Commissioner Scott Kipper joined a growing chorus of more than 100 elected officials in requesting opposition to legislation that would deny a tax deduction for certain reinsurance premiums paid to foreign-based affiliates by domestic insurers.

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The Hill: Op-Ed: US tax system is a global punchline

The jokes about Warren Buffett’s whopper of an inversion deal write themselves. What is not so funny is how Washington has allowed America’s tax system – with a rate 10 percentage points higher than the global average – to go neglected for decades while we continue to lose ground in the global race for investment and jobs.

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