NU Online News Service, Jan. 21, 12:10 p.m. EST
Supporters of the "Neal Bill," which deals with a proposed tax on offshore reinsurers, said a study commissioned by the bill's opponents is flawed.
A group of domestic insurers, called the Coalition for a Domestic Insurance Industry, said a study last year conducted by the Brattle Group exaggerates the impact the bill will have on foreign reinsurers and also makes incorrect assumptions. The domestic insurers used a recent economic analysis conducted by consulting firm LECG as the basis for their comments.
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