From Carolina Journal Radio Program No. 732: A proposed federal border-adjustment tax could boost N.C. property-casualty insurance premiums by $800 million over a decade. That’s the key finding in a new report from the John Locke Foundation and R Street Institute. Report co-author Lawrence Powell of the Alabama Center for Insurance Information and Research at the University of Alabama explains why North Carolina would be especially susceptible to higher costs associated with a tax that could raise the cost of reinsurance from companies based outside the United States.
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