Insurance industry reinvestment: the Massachusetts experience

Joseph Kriesberg, Andrea Caliz Luquetta and Luxman Nathan

Communities and Banking, 1999, issue Win, 2-8

Abstract: Joseph Kriesberg and Andrea Caliz Luquetta of the Massachusetts Association of Community Development Corporations (MACDC) outline the provisions in a new statewide law, An Act Insuring Community Investment and the Equitable Taxation of Insurance Companies in Massachusetts. In exchange for tax relief, this legislation requires insurance providers operating within the Commonwealth to contribute to two investment pools for economic development. Could this approach serve as a model for similar initiatives in other states?

Keywords: Insurance (search for similar items in EconPapers)
Date: 1999
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