AAI Issues Statement on CA Deductible Tax

Following the California Board of Equalization's denial of the Department of Insurance's retroactive tax on work comp deductibles, the Alliance of American Insurers released the following statement: Striking a blow for common sense, the California Board of Equalization (BOE) ruled Dec. 18 that workers compensation deductibles are not subject to a proposed retroactive premium tax. In an appeal brought by three companies, Employers Insurance Co. of Wausau, Wausau Business Insurance Co. and Wausau Underwriters Insurance Co., the BOE voted unanimously to bar the California Department of Insura...