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Executives of W.R. Berkley said they would not hesitate to write coverage again for the operator of the oil rig that exploded in the Gulf last month, adding that increased prices and insurance requirements for operators could provide opportunities.

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Proposed tax legislation aimed at offshore reinsurers "will distort the playing field" to the advantage of U.S. insurers and increase costs for consumers, a lobbyist for Bermuda companies said.

Several property and casualty insurance trade groups are asking congressional conferees on financial services reform legislation to limit the scope of federal oversight on state-regulated insurers in any final bill.

Two former state insurance commissioners are among four people named to head a new agency within the Department of Health and Human Services that will oversee implementation of the health care reform law.

A survey of the nation's leading insurance brokers found that group medical renewal premiums are still hitting double-digit increases, but some say insurers are being flexible to retain market share.