Ways and Means Committee

• Vermont Bill Would Update State’s Captive Cell Legislation

  By Caroline McDonald, PropertyCasualty360.com  |  March 25, 2011

  Vermont is proposing changes to its captive-insurance law as part of its annual enhancements to its captive statute, according to the Dept. of Banking, Insurance, Securities and Health Care Administration (BISHCA).

• Vermont Introduces New Captive Legislation

  By Caroline McDonald, PropertyCasualty360.com  |  March 22, 2011

  Vermont is proposing changes to its captive insurance law as part of its annual enhancements to its captive statute, according to the Dept. of Banking, Insurance, Securities and Health Care Administration.

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  1099 Repeal Passes House

  By Arthur D. Postal, PropertyCasualty360.com  |  March 3, 2011

  The House today passed legislation repealing the much-criticized 1099 reporting provision of the health care law, setting the stage for talks with the Senate over how to pay for the repeal.

• House Committee Votes For 1099 Repeal

  By Arthur D. Postal, PropertyCasualty360.com  |  February 18, 2011

  The House Ways and Means Committee reported out legislation that repealed the unpopular 1099 reporting provision of the health care law.

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  Congressional Commission Spreads Financial Crisis Blame Around

  By Arthur D. Postal, PropertyCasualty360.com  |  January 27, 2011

  The Financial Crisis Inquiry Commission placed American International Group at the “center” of the financial crisis that started in 2008 and continues to bedevil the country.

• PPACA: Democrats Expound on MLR Definition

  By Arthur D. Postal, PropertyCasualty360.com  |  August 24, 2010

  The new minimum medical loss ratio (MLR) rules are generating fierce debate in Congress over context and intent.

• European Trade Group President, Chubb Exec Spar Over Foreign Tax

  By Arthur D. Postal, PropertyCasualty360.com  |  August 2, 2010

  Disallowing the tax deduction for reinsurance between affiliated entities would have a "detrimental effect on U.S. consumers" and lead to higher insurance premiums, the head of a trade group representing European carriers warned.

• European Trade Group President, Chubb Exec Spar On Foreign Tax

  By Arthur D. Postal, PropertyCasualty360.com  |  July 26, 2010

  Disallowing the tax deduction for reinsurance between affiliated entities would have a "detrimental effect on U.S. consumer" and lead to higher insurance premiums, the head of a trade group representing European insurers said.

• 'Scare Tactics' Decried On Foreign Re Bill

  By Arthur D. Postal, PropertyCasualty360.com  |  July 19, 2010

  Foreign insurers are "using scare tactics" to maintain the status quo.

• Foreign, Domestic Insurers Square Off In Offshore Tax Testimony

  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.

• Foreign, Domestic Insurers Square Off In Offshore Tax Testimony

  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.

• Berkley Disputes Offshore Tax Report Findings Ahead Of Hearing

  By Arthur D. Postal, PropertyCasualty360.com  |  July 13, 2010

  Authors of a recent study that opposed a proposed tax on offshore reinsurers "don't have their math right," according to William R. Berkley, chairman and CEO of the W.R. Berkley Co.

• Foreign Tax Bill Hearing Set For Wed.; Opponents Release Study

  By Arthur D. Postal, PropertyCasualty360.com  |  July 12, 2010

  A Congressional subcommittee will hold a hearing Wednesday on whether Congress should tighten rules dealing with the tax deduction taken by insurers who cede premiums to overseas affiliates, including reinsurers.

• Tax Affecting Large Insurers Included in Financial Services Agreement

  By Arthur D. Postal, PropertyCasualty360.com  |  June 28, 2010

  House and Senate negotiators added at the last moment a tax on large financial institutions, including insurers, before completing work early today on sweeping financial services legislation.

• Tax Affecting Large Insurers Included In Fin. Svcs. Agreement

  By Arthur D. Postal, PropertyCasualty360.com  |  June 25, 2010

  House and Senate negotiators added at the last moment a tax on large financial institutions, including insurers, before completing work early today on sweeping financial services legislation.

• Fed Preemption Authority Debate Stalls Financial Reform Compromise

  By Arthur D. Postal, PropertyCasualty360.com  |  June 21, 2010

  Final action on the insurance section of financial services reform legislation has been delayed as conferees work through an impasse over a federal insurance office's scope of authority in international matters.