Skip to Main Content
July 15, 2010
Brattle Report on Negative Price Impacts of New Insurance Tax Cited in Reprint of Risk and Insurance Management Society Press Release on Forbes.com

In a July 14, 2010 press release, The Risk and Insurance Management Society (RIMS) cited a recent report by The Brattle Group which reaffirms its findings from a 2009 report that H.R. 3424, a bill that will increase taxes on foreign-based insurance companies, will result in insurance increases for members. The release, published on Forbes.com, discusses the likelihood of increased prices, “but particularly those in regions threatened by natural disasters and terrorism events, as they depend largely on foreign-based reinsurers to protect them.” According the Brattle’s report, consumer costs could see increases between $11 and $13 billion per year to purchase the same amount of insurance. For more information, please visit the RIMS website.