Insurer Practices/Profits

CFA Calls on State Insurance Commissioners to Require Insurers to File Lower Rates to Reflect Federal Tax Legislation

In a letter to the Insurance Commissioners of all 50 states and the District of Columbia, CFA requests immediate action to require insurers to file lower rates to reflect the federal tax legislation passed by Congress late last year and effective for 2018 forward. CFA callsattention to the fact that, in another regulated industry, many utility companies have already announced plans to cut rates due to the “expected windfall they plan to receive when corporate taxes are cut.”

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