Trump tax cuts News
The Hartford Boosted Q3 Profit With Lower Taxes, Higher Premiums and Acquisition Bounty
The Hartford booked significantly higher net income during its 2018 third quarter, thanks largely to higher returns in several lines and lower taxes. Third quarter 2018 net profit came in at $427 ...
Treasury Dept. Proposals Clear Up Trump Tax Cut Confusion For Brokers, Agents
The Treasury Department has moved to clear up some confusion in the Trump tax cut law by proposing that the full 20 percent deduction for pass-through businesses be made available to a broad spectrum ...
Trump Tax Cuts, Lower Cat Losses Helped Make Q1 U.S. P/C Results Soar
Tax reform and lower catastrophe losses helped make all the difference for private U.S. property/casualty insurers in the 2018 first quarter. Their net income after taxes surpassed $17 billion during ...
Tax Law Snafu Could Ding Sexual Harassment, Other Claims
Republicans are considering a fix to a provision in their new tax law that they acknowledge could inadvertently penalize victims of sexual harassment in the workplace. But congressional gridlock ...
AIG Grows Presence in Pension Risk Transfer Market
American International Group is expanding its presence in the pension risk transfer market, spurred in part by the Trump tax cuts. "We are seeing significant opportunity in this market, driven by tax ...
Allstate’s Net Income Grew in Q1; A Surprise Dip in Auto Accident Frequency Helped
An unexpected decline in auto accident frequency helped The Allstate Corp. soar in its 2018 first quarter, along with lower catastrophe losses. The Illinois-based insurer also credits the Trump tax ...
Trump Tax Cuts Could Solidify U.S. as Most Active Insurance M&A Region: Clyde & Co.
The U.S. has regained its position as the most active region for M&A activity in the global insurance industry, and the Trump tax cuts could boost that activity even further, according to a ...
U.S. P/C Insurers Stand to Gain From New Tax Law: Moody’s
The impact of the new U.S. tax law is credit positive for U.S.-based insurance companies and will boost profitability for many of these firms, particularly those that have been paying high effective ...