Connecticut may cut premium taxes to help insurers

Travelers, The Hartford and other insurers based in Connecticut
would get a tax break worth an estimated $22mn to the industry each
year under a proposal put forward by Governor Dan Malloy.
The plan would lower the state's premium tax rate to 1.5
percent from 1.75 percent, effectively reducing taxes on premiums
paid to Connecticut-based companies in states such as Iowa that
have lower rates or in Oregon, which doesn't tax the
transactions at all. Rates range from 0.5 percent...