WASHINGTON

The historic 2010 midterm elections were a huge win for theproperty and casualty insurance industry–and their alliedreinsurers, according to representatives of several industry tradeassociations.

The only potential losers in the historic remake of thelegislative map–both federal and state–are members of a group ofthe domestic commercial insurers who have been seeking to close atax loophole enjoyed by offshore insurers, these representativesbelieve.

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