Iowa will lower the amount of reinsurance tax due from some captive companies under a bill signed by Governor Kim Reynolds last week. HF 2636 lowers the tax on premiums written above $60 million to 0.02 percent, down from 5 …
Pennsylvania Auditor General Timothy DeFoor released audit reports for 43 volunteer firefighters’ relief associations (VFRAs) in 30 Pennsylvania counties. The reports show 28 with no adverse findings and 15 with a compliance or expenditure issue of some kind. The audits …
As a longtime Florida resident, I have witnessed the destructive power of hurricanes on the lives and properties of countless Floridians and others across the Atlantic and Gulf coasts. Hurricanes can pack such enormous power that they have literally altered …
Bermuda-based (re)insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax reform. However, the Bermuda market “remains resilient given its strong global position, demonstrated underwriting expertise, robust and effective …
Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to limit what the lawmaker called a “tax loophole” used by hedge fund managers to route investments abroad. Third Point Reinsurance …
