The Premium Tax reduction initiative began in 2008, spurring insurance companies New England and beyond to redomesticate to New Hampshire. In addition to saving thousands of dollars in premium taxes, the move also saved companies even more in retaliatory taxes.
But taxes aren’t the whole story, as these insurance executives will tell you:
“For our economy to flourish, our elected representatives in Concord understand that a fair climate for commerce and a transparent regulatory environment must co-exist. Peerless Insurance is proud to be a part of this dynamic for more than 100 years here in the Granite State. Its deep, educated employee base and unrivaled quality of life are just two more reasons we are committed to continuing our heritage here for what we hope will be another 100 years.”
-Michael Christiansen, Peerless Insurance, President and CEO
“New Hampshire is a very important market for The Hanover and for our agent partners. Our efforts in the state have been welcomed and advanced by easy access to New Hampshire’s knowledgeable Insurance Department, which has built a stable and supportive environment that serves the best interests of consumers and companies.
At the same time, our employees are proud to call New Hampshire home. The state offers its residents easy access to many cities, as well as the serenity of beautiful mountains, lakes and beaches. Quality education, moderate living costs and tax benefits also make it an attractive option for both current and prospective employees.”
-Christine Flanagan, branch vice president of The Hanover Insurance Group, which has done business in the state since 1852
“New Hampshire would clearly be number one on our list as a state we would choose to create new companies in for the future.”
-Robert Solitro, President/COO, North American Specialty Insurance Company
“The overall approach in New Hampshire is business friendly.”
-Dan Swift, Assistant General Counsel, Acadia Insurance Company
You can take their words for it…but don’t stop there. Find out what New Hampshire can do for your insurance company.