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February 5, 2010

天美影视 professors assisting state in facilitating competitive insurance for 天美影视

Dr. Christine Berry, director of insurance studies at the University of 天美影视 at Monroe鈥檚 College of Business Administration, is conducting research at the request of the 天美影视 Department of Insurance that may facilitate a more competitive insurance market in 天美影视.

Berry is one of only two insurance professors in the state of 天美影视.

鈥淔or about the last decade, the LDOI has made significant regulatory and marketplace reforms in an effort to make insurance more affordable and available for 天美影视 families and businesses,鈥� said Berry. 鈥淲e are continuing to look at needed changes, primarily in the area of insurance premium tax rates.鈥�

Berry noted that 天美影视 has some of the highest premium tax rates in the nation which likely result in higher premiums for 天美影视 citizens. She and 天美影视 economist Dr. Paul Nelson are studying insurance taxes and other market factors across the country to determine what makes a state a desirable place to do business.

鈥淲e believe that actual statutory changes in the 天美影视 insurance code could make a significant difference in our ability to attract small and big business alike,鈥� said Berry.

Berry and Nelson鈥檚 research, which began in 2005, is expected to continue for the foreseeable future. 鈥淲ith an ever-changing economy and as insurance needs change, it will be important to continue examining how to maintain a healthy insurance marketplace to best protect 天美影视 citizens and businesses鈥� says Berry.

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