Global News - RIMS on Obama's 2012 Budget Proposal

March 2011
Asia Insurance Review;Mar2011, p51
Trade Publication
The article reports that the Risk Management Society (RIMS) is criticizing a proposal in the U.S. budget blueprint for 2012, which constrain the insurance market for commercial insurance policyholders leading to increase in costs for business during tough economic times. John Phelps from RIMS, says that despite opposition by policy makers, the U.S. president Barack Obama's Administration is trying to cap the deductibility of reinsurance premiums paid by domestic companies to foreign affiliates.


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