Insurance industry praises proposed change to Connecticut tax plan

Connecticut Governor Dannel Malloy

Revised tax plan could reduce financial strain on insurance companies Insurance companies in Connecticut are praising a proposed tax change that could result in some financial breathing room. Governor Dannel Malloy and several other lawmakers have proposed a significant change to a tax plan that would have placed the insurance industry under greater financial pressure. The tax plan does not target the industry specifically, but it would have an impact on insurers as the tax plan has to do with data processing. Original tax plan had called for an increase…

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