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.

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Monday
Jun272011

Floridian Members of Congress Send Letter Opposing Reinsurance Tax

Six members of Florida's congressional delegation sent a letter to the House Committee on Ways and Means expressing their opposition to the proposed tax on foreign-based reinsurance. 

"For Florida in particular, foreign based companies that sell reinsurance are a vital component to an already damaged property insurance market," the letter stated. "Removing foreign reinsurance from our property insurance market would leave Florida unable to rebuild in the event of another catastrophic hurricane season."

The full letter can be read here.

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