NU Online News Service, July 2, 10:35 a.m. EDT
Property and casualty insurance trade groups are voicing general support for financial services reform legislation as passed by the House, especially because it preserves state regulation of insurance.
Several trade groups also lauded the decision of the conferees earlier this week to reopen the conference and remove a provision that would have imposed a tax on financial services companies, including insurers, to pay the cost of implementing the legislation.
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