Reinsurance as import may pose risk to Florida: Study

Florida could see residential and commercial property insurance
costs soar if lawmakers slap offshore reinsurers with a national
border adjustment tax (BAT) proposed by Republicans in Congress,
according to a new study.
Should a 20 percent BAT be applied to transactions with offshore
reinsurers by classifying the coverage as an import, the study
released today by non-profit advocacy organisation Florida TaxWatch
assumes the levy would be passed on to insureds through price
hikes
The direct resul