Best’s Commentary: COVID-19 Stimulus Package to Benefit U.S. Insurers

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best expects the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide U.S. insurance companies tax relief in the event of operating losses due to the COVID-19 pandemic outbreak. A new Best’s Commentary, “COVID-19 Stimulus Package to Benefit Insurers,” notes that the $2 trillion CARES Act provides a special rule applicable for all companies’ net operating losses in 2018 to year-end 2020, allowing these to be carried back to each