California Says Insurers Must Pass Tax Savings on to Policyholders

The recent revision to the Federal Tax Schedule for 2018 reduced the corporate tax rate from 35 percent to 21 percent.  As a result some insurers, whose rates were based on the 35 percent corporate tax rate, may now be charging excessive rates, Insurance Journal reports.

https://www.insurancejournal.com/news/west/2018/03/19/483777.htm