NU Online News Service, June 16, 4:01 p.m. EDT
WASHINGTON–Bermuda-based property and casualty companies enjoy substantially higher after-tax returns on equity and lower effective tax rates than their U.S. competitors, according to a new report by a coalition of domestic insurers.
The domestic carriers, who call themselves the Coalition For A Domestic Insurance Industry, are lined up to promote passage of a bill they say will restore equity between foreign and domestic insurers.
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