NU Online News Service, May 27, 11:06 a.m. EDT
NEW YORK–William Berkley, who heads a group of U.S. insurers working to close what they see as a tax loophole for foreign insurers, suggested that critics are launching empty threats to thwart his coalition's efforts.
Speaking at a press luncheon in New York City yesterday, Mr. Berkley, the chairman of Greenwich, Conn.-based W.R. Berkley Corp., and spokesperson for The Coalition For A Domestic Insurance Industry, reacted to remarks made by an official from the European Union in a letter to the U.S. Treasury Department last week.
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