AIA, Liberty File Appeal on CA Retro Tax

The American Insurance Association (AIA), American International Companies and Liberty Mutual Insurance Company have filed an appeal with the California Board of Equalization (BOE), the state's highest tax policy entity, challenging recent efforts by the California Department of Insurance (Department) to impose retroactive taxes on payments made by employers under workers' compensation deductible policies. The April 5 appeal requests that the BOE quickly withdraw the Department's notice and any requests for assessments sent to insurers. 'We strongly disagree with the Department's assertion t...