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Posts Tagged ‘fight

WASHINGTON (Insurance Headlines) – Republicansabandoned their effort to alter Wall Streetregulatory legislation in a key Senatecommittee yesterday, leaving the fight for the full Senate, and clouding prospects for a bipartisan bill.

Republicans had offered more than 300 amendments to legislation proposed by Senate Banking Committee Chairman Christopher Dodd,but they withdrew them over the weekend. That cleared the way for aquick party-line Read the rest of this entry »

A coalition of environmental and conservative groups, backed by a consortium of insurance interests, says it will fight legislation to create a federal catastrophe insurance pool.

An official from the Sierra Club and a member of the conservative public policy think tank Competitive Enterprise Institute as part of their effort launched a new Web site for the coalition Americans for Smart Natural Catastrophe Policy. The new Web site and renamed Read the rest of this entry »

WASHINGTON (Dow Jones)–Foreign insurers are stepping up their fight against legislation that would tax offshore related-party transactions.

They will release a study Friday claiming that proposals in Congress would increase U.S. premiums across business lines by an average of 2%. That translates to an added $10 billion to $12 billion per year paid by Americans for insurance coverage, according to the analysis from the Brattle Group consulting Read the rest of this entry »