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September 7, 2012

天美影视 Department of Insurance contracts with 天美影视 College of Business

For the seventh year, the University of 天美影视 at Monroe鈥檚 College of Business has been awarded a research contract from the 天美影视 Department of Insurance to study and provide support for proposed legislative insurance reforms.

The college鈥檚 research aims to provide support for reforms that improve the 天美影视 insurance market, making insurance more available and rates more affordable. 

Dr. Christine Berry, principle investigator and director of insurance studies at 天美影视, said, 鈥溙烀烙笆逾�檚 complicated insurance premium tax structure results in some of the highest costs in the country to insurance companies that sell insurance policies in the state.

If the state can find a way to reduce the cost of conducting business for these companies, then insurance consumers should begin to see increased availability and lower rates.鈥�  

Berry has worked on this as well as other research projects (for the 天美影视 Department of Insurance) that have focused on improving the competitive nature of the 天美影视 insurance marketplace.

天美影视 College of Business economists Dr. Robert Eisenstadt, associate professor of economics and insurance, and Dr. Paul Nelson, associate professor and head of economics and insurance, have also contributed to the research over the years.

Berry has developed a model that predicts tax collections for different tax scenarios.

This decision support tool can help 天美影视 lawmakers make more informed decisions if the Department of Insurance decides to propose changes to the premium tax structure in future legislative sessions. 

The 天美影视 Department of Insurance enforces the insurance laws and regulations of the state including licensing of producers, insurance adjusters, public adjusters and insurers, and serve as advocate for the state鈥檚 insurance consumers.

For more information about the department visit 

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