WASHINGTON–The Senate is set to vote tomorrow on a so-called “trifecta” bill including reform of the estate tax, which has the strong backing of property-casualty insurance agent trade groups.
Charles Symington, senior vice president for government affairs and federal relations for the Independent Insurance Agents and Brokers of America, has said independent property-casualty insurance agents support the bill because it will “provide certainty and ease the significant tax burdens as our members look to pass along their businesses to family members.”
Life insurance industry groups, however, support more modest reform, because their sector sells products designed to cushion the cost of estate taxes on families.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
