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By Arthur D. Postal, PropertyCasualty360.com |
February 14, 2012
The Obama administration today reinstated its call for a new tax on offshore insurers, but under a formula greater than that proposed by the administration in past years.
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By Caroline McDonald, PropertyCasualty360.com, Mark E. Ruquet |
November 17, 2011
Terry Fleming, director of the Division of Risk Management, Montgomery County, Md., and immediate past president of the Risk and Insurance Management Society, cautions that the Neal Bill, introduced by Rep. Richard Neal, D-MA, and Senator Robert Menendez, D-NJ, could mean hardening rates in the future.
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By Caroline McDonald, PropertyCasualty360.com |
October 14, 2011
Legislation introduced that would place significant restrictions on domestic insurers that cede reinsurance to their foreign affiliates is being strongly opposed by the Risk and Insurance Management Society, (RIMS), which it says could ultimately impact capacity.
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By Arthur D. Postal, PropertyCasualty360.com |
October 13, 2011
Legislation designed to close a tax loophole that benefits property and casualty insurers based offshore has been reintroduced in the House and Senate.
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By Arthur D. Postal, PropertyCasualty360.com |
July 15, 2010
Domestic and foreign insurers traded barbs--although the foreign insurers did so anonymously--at a congressional hearing over whether the U.S. should tighten rules dealing with the ceding of premiums to offshore parent companies by U.S. affiliates.
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By Arthur D. Postal, PropertyCasualty360.com |
July 14, 2010
Domestic and foreign insurers traded barbs--although the foreign insurers did so anonymously--at a congressional hearing today over whether the U.S. should tighten rules dealing with the ceding of premiums to offshore parent companies by U.S. affiliates.
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By Arthur D. Postal, PropertyCasualty360.com |
July 7, 2010
The House has passed legislation that allows recovery of noneconomic damages for maritime death victims' families, starting with the 11 workers that died in British Petroleum's current oil rig disaster.
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By Arthur D. Postal, PropertyCasualty360.com |
July 6, 2010
The House has passed legislation that allows recovery of noneconomic damages for maritime death victims' families, starting with the 11 workers that died in British Petroleum's current oil rig disaster.
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By Arthur D. Postal, PropertyCasualty360.com |
July 6, 2010
The House has passed legislation that allows recovery of noneconomic damages for maritime death victims' families, starting with the 11 workers that died in British Petroleum's current oil rig disaster.
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By Chad Hemenway, PropertyCasualty360.com |
July 1, 2010
A Senate committee approved a bill to retroactively eliminate the current liability cap for damage from oil spills.
