Status of 2017 Discount Factors
As the 2017 tax year nears an end, insurance companies become eager to know what the new loss reserve and salvage and subrogation discount factors will be for the year. The Internal Revenue Service (“IRS”) has not yet published any Revenue Rulings for the current year factors, which they generally do this time of year. Johnson Lambert routinely monitors published Revenue Rulings and will compile our traditional tables for all the discount factors, as soon as these are published. It’s possible these rates will be delayed this year due to the more immediate focus on tax reform so please check back frequently as we will publish these tables as soon as possible.