Marketplace Would Be Disrupted

Ochenkowski, Janice
December 2008
Best's Review;Dec2008, Vol. 109 Issue 8, p74
Trade Publication
The article expresses views on the proposed H.R. 6969 bill in the Congress which would limit the tax deductibility of reinsurance premiums to the industry index for each line of insurance in the U.S. It states that H.R. 6969 would change the landscape of the property/casualty insurance and reinsurance markets in the country. According to the author, the bill would take place at the consumers' expense by favoring large domestic insurers.


Related Articles

  • Federal Bill Mandates Insurance Data Reporting. Harkavy, Jon; Kahn, Haren R. // Risk Management (00355593);Jul86, Vol. 33 Issue 7, p7 

    This article focuses on a legislation which has been introduced in the U.S. Senate and House of Representatives requiring property/casualty insurers of risks to provide detailed premium, investment, rating, loss and expense data to the U.S. Secretary of Commerce. The secretary would be...

  • P-C insurers may have a tough time trying to pass agenda in '99 Congress. Brostoff, Steven // National Underwriter / Property & Casualty Risk & Benefits Manag;12/21/98-12/28/98, Vol. 102 Issue 51, p6 

    Reports that property casualty insurers may face difficulty passing legislative reform in the 106th United States Congress. Uncertainty over issues such as financial services reform, health care and Superfund; Derailment of financial services reform bill by Senator Phil Gramm in 1998; Role of...

  • Québec's damage insurance business stable: AMF.  // Canadian Underwriter;Aug2006, Vol. 73 Issue 8, p8 

    The article discusses a report on the conditions of the insurance business in Quebec in 2005. A total of C$7.1 billion in premiums have been collected by private damage insurers in the area. The report stated that the damage insurance business in the area is stable. Premium income in automobile...

  • Tax Bills Clear Senate/House. Harkavy, Jon; Aronstein, Haren R. // Risk Management (00355593);May84, Vol. 31 Issue 5, p7 

    The article reports that the tax legislation passed by the U.S. Senate and House of Representatives in 1984, contains provisions which, if not deleted from the Conference Report will negatively affect Risk and Insurance Management Society members. Section 135 of the Senate bill increases the...

  • Reinsurance Rates Continue To Cool As Carriers Face More Competition. Ha, Michael // National Underwriter / P&C;5/24/2004, Vol. 108 Issue 20, p36 

    Reports that insurance companies say the reinsurance market is showing signs of softening, with property insurance rates stable or in decline, while casualty insurance premiums are either holding firm or rising more modestly. Reinsurance capacity remains less than adequate in some casualty...

  • PTA off to a flying start. Murphy, Ken // Money Marketing;4/6/2006, p72 

    The article discusses the increasing demand of Pension Transfer Agreement (PTA) in buying for a life cover or insurance. It has been noted that the insurance can be attractive to insurers since the premiums benefit from income tax relief. This increase can be attributed to the limited pension...

  • Tax Cut Bill Helps P-C Industry. Brostoff, Steven // National Underwriter / Property & Casualty Risk & Benefits Manag;08/09/99, Vol. 103 Issue 32, p37 

    Reports on the tax cut bill by the United States House and Senate. Amount of the tax cut bill; Impact on the property-casualty insurance industry; Plans of President Bill Clinton on the legislation.

  • Congress Targets McCarran-Ferguson. Glick, Regina Marie // Insurance Advocate;3/12/2007, Vol. 118 Issue 6, p11 

    The article reports on the introduction of the Insurance Industry Competition Act in the U.S. Congress that will amend the 1945 McCarran-Ferguson Act. The new legislation aims to grant the Federal Trade Commission and the Department of Justice jurisdiction of the insurance industry. Sponsors of...

  • Insurance: Risky business. Humphreys, Jeff // Georgia Trend;Sep99, Vol. 15 Issue 1, p131 

    Forecasts conditions in the insurance industry of Georgia. Reasons for the premiums' failure to cover underwriting losses; Expected decline in premiums for property casualty insurance; Factors that may cause capital deterioration; Predicted intense competition among commercial insurers.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics