WASHINGTON–A pending agreement aimed at bringing Russia into theWorld Trade Organization has won U.S. property-casualty insurers'support after changes to its provisions, a carriers' trade groupexecutive said today.
David Snyder, American Insurance Association (AIA) vicepresident and assistant general counsel, voiced industry backingfor the agreement in principle negotiated by the U.S. TradeRepresentative.
He explained the new pact follows eleventh hour negotiationsreducing insurance company concerns about a cap on foreigninsurance involvement in the Russian economy that the U.S.insurance industry couldn't support.
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