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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Tuesday
Jan312017

Neal Bill could hamper insurance penetration: Study

Rob Lenihan

Lawmakers’ years-long attempts to close the so-called Bermuda tax loophole could cause hardship for U.S. businesses and consumers attempting to purchase insurance, a recently released study warns.

The Brattle Group, a Cambridge, Massachusetts-based consultancy, on Jan. 23 released a study that found the Neal Bill tax proposal would adversely affect U.S. business and homeowners, as they would likely encounter reduced availability and higher prices for property/casualty insurance for natural catastrophes and other infrequent but high-loss events.

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