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CSAA Insurance Group CFO on Potential Impact of Federal Tax Law
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CSAA Insurance Group's chief financial officer, Paul McCaffrey, spoke with Insurance Journal's Elizabeth Blosfield about his take on how the recently passed federal tax law could impact the insurance industry. McCaffrey was a panelist at the Insurance Information Institute's 2018 P/C Joint Industry Forum, held at New York City's Marriott Marquis.
U.S. President Donald Trump signed the Tax Cuts & Jobs Act into law on December 22. Under the legislation, insurers, agencies and other businesses organized as C corporations will see their statutory tax rate cut from a top rate of 35 percent to 21 percent, as previously reported by Insurance Journal.
