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.

Statement on House Committee on Ways & Means Hearing on Increasing U.S Competitiveness and Preventing American Jobs from Moving Overseas

Study: Border adjustment tax would hike state's insurance premiums

Op-Ed: How Trump's border tax could boost your property insurance rate

South Florida 100: Steven Geller Speaks Out on the Importance of Reinsurance

Reinsurance as import may pose risk to Florida: Study

Florida TaxWatch Study Finds Severe Risks to Access to Insurance and Reinsurance in House GOP Tax Plan 

Op-Ed: Insurance debate could doom border adjustment tax

Op-Ed: Border Adjustment Would Sock Florida with Hugely Higher Insurance Rates

Op-Ed: A doubly whammy for Florida: Tax reform and hurricanes 

Op-Ed: Increasing Reinsurance Taxes Would be a Manmade Disaster

Neal Bill could hamper insurance penetration: Study

Study Shows Impact Of US Foreign Reinsurance Bill

Don’t tax foreign reinsurers: Report

GOP tax plan could boost prices for Californians’ insurance

New Brattle Report Highlights the Dangers of Foreign Affiliate Reinsurance Tax on Consumer Access to Insurance and Reinsurance 

Op-Ed: Reinsurance Proposal to Muck with the Corporate Tax Base Resurfaces. It Still Doesn't Address Root Problems

Op-Ed: Tax reformers must take care not to kill reinsurance market

Tallahassee Democrat: Op-Ed: Reinsurance saved Florida from catastrophic losses

Op-Ed: Insuring a Sound Tax Reform Process

Op-Ed: Congress Should Not Use the Tax Code to Pick Winners and Losers in the Reinsurance Industry

Warner-Neal Foreign Reinsurance Legislation Opposed by Bipartisan Coalition

Op-Ed: Let’s Get The Economy Moving Again With Uniform And Understandable Tax Cuts

FY 2017 Budget Provision to Tax Foreign Insurers Opposed by Bipartisan Coalition

Senate Working Group Unveils Int'l Tax Report; Bipartisan Coalition Calls Failure to Dismiss Protectionist Measure Disappointing

Top Economic, Industry Experts Agree: Protecting Consumers from Punitive Reinsurance Tax Makes Sense

Op-Ed: Pro-growth tax reform, yes; discriminatory taxes, never

Op-Ed: Change the Tune on Taxes

 

Read More


 


In addition to the quotes highlighted below, dozens of letters have been filed against President Barack Obama’s FY 2017 budget proposal and US Representatives Richard Neal's (D-MA) and Senator Mark Warner’s (D-VA) legislation. See them here.

Monday
Dec082014

James Donelon, Commissioner | Louisiana Department of Insurance

“The Proposed tax rule changes would have the effect of taxing the non-U.S. reinsurers that are needed to expand market capacity and reduce the concentration of insurance risk that result in higher insurance costs for U.S. policyholders. The proposed rules on reinsurance taxation are limited to non-U.S., international insurance groups that establish U.S. affiliates that cede premium to related offshore reinsurers. Non-U.S. companies are an important segment of the reinsurance market and a substantial source of reinsurance capital that permits the U.S. to spread insurance risk to capital markets around the world.”

Monday
Dec082014

Scott Kipper, Commissioner | Nevada Department of Insurance

“The use of reinsurance increases an insurer’s capacity to meet customers’ needs and thus makes insurance markets more competitive. Anything that interferes with the freedom to pool risk will make insurance markets less competitive and thus contribute to insurance prices that are higher than they otherwise would be.”

Monday
Dec082014

Pete Sepp, President | National Taxpayers Union

“Proponents of the reinsurance tax continue to claim it's essential to "closing a loophole." The fact is, foreign-owned reinsurers don't enjoy U.S. tax loopholes, and some can even pay a higher effective rate than America-based companies. Tinkering with current law in this manner will tilt rather than level the playing field, ironically to the benefit of a few large, politically connected firms that fear healthy competition from at home and abroad.” 

Monday
Dec082014

Steven Troxler, Commissioner | North Carolina Department of Agriculture

“The use of reinsurance increases an insurer’s capacity to meet customers’ needs and thus makes insurance markets more competitive. Anything that interferes with the freedom to pool risk will make insurance markets less competitive and thus contribute to insurance prices that are higher than they otherwise would be.”

Thursday
May092013

Allianz of America, Munich Reinsurance America, and Swiss Re America

“If the Administration proposal were enacted, it would result in higher taxes on U.S. insurance subsidiaries of foreign companies. Coverage would only be available to U.S. consumers at higher rates, and in some lines and certain high risk locations, might be severely limited or even unavailable. The Administration incorrectly labels a core business practice as tax evasion, a charge that has no basis when risks are transferred to foreign jurisdictions with significant corporate tax regimes.”