Insurance companies to receive tax refunds following Supreme Court decision

Tennessee workers compensation Insurance companies

The ruling was made following a unanimously in Tennessee and will grant over $16 million in refunds. The Tennessee Supreme Court has now unanimously ruled that the Department of Commerce and Insurance are required to provide five out of state groups of insurance companies with a tax refund of over $16 million. The state – like all others, aside from Hawaii – has taken on a retaliatory tax statute solely for the insurance industry. That statute has been created for the purpose of balancing tax burdens across state lines. It…

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Tennessee Legislature to investigate workers’ compensation system

Tennessee’s workers’ compensation insurance system is to be the subject of review this year. State officials, businesses and insurance experts are to examine how the system is working and how it can be improved. Tennessee has seen its fair share of criticism in recent years as several companies claim the state is too unfriendly to business. Governor Bill Haslam has decided to make the workers’ compensation system a primary focus of the state’s Legislature and hopes to solve some of the complaints it has generated in the past. One of…

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