Risk & Business

The Senate is scheduled to vote on health reform as early as next week. The buzz around the insurance industry is that health insurance companies are going to be taxed to pay for it. Right now there is talk in Washington about hitting insurance companies with a "windfall" tax from the profits they are expected to make with 50 million more customers in the system. This again is scaring me a little for my small business owner clients. Usually increase in big corporate taxes and or expenses always seem to trickle down to the business owner's pockets. That is what would happen if the insurance companies are taxed to pay for the health reforms. You can count in it. Until next time, be careful out there and know your risks.  K

Image via Wikipedia According to the latest circular released by the Delaware Compensation Rating Bureau, (DCRB), after a period of review the rates in Delaware for workers compensation have been decreased an average of 9.74% for residual market rates and 11.3% in voluntary market rates effective this past December 1st. Obviously, with the state of the economy locally, this can't hurt. Hopefully with all the stimulas money coming out of Washington some of it will trickle down to our State and put our local contractors to work, either through infrastructure improvements needed or get the banks lending again and create a possible increase in housing construction. Reblog this post [with Zemanta]">