The following documents provide additional information regarding the unfair tax loopholes that hurt U.S. insurance companies and benefit those based off-shore. Click on the "+" symbol next to any title below to view a full listing of key quotes associated with that document.

[more] H.R. 3157 To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates

[more] S. 1693 To amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates

[more] Technical Explanation of Bill to Amend the Internal Revenue Code of 1986 to Prevent Avoidance of U.S. Tax Through Reinsurance with Nontaxed Affiliates (October, 2011)

[more] The Impact on the U.S. Insurance Market of H.R. 3424: A Critique of the Brattle Study – Prepared by LECG (January, 2011)

[more] Testimony of William R. Berkley - Chairman of the Board and CEO, W. R. Berkley Corporation Before the Subcommittee on Select Revenue Measures - Washington, DC, July 14, 2010

[more] Testimony of John J. Degnan - Vice-Chairman and Chief Operating Officer, The Chubb Corporation Before the Subcommittee on Select Revenue Measures - Washington, D.C., July 14, 2010

[more] Covington & Burling LLP: WTO-Consistency of Legislation to Disallow Deductions for Excess Reinsurance Premiums Paid to Affiliates

[more] LECG, LLC: The Neal Bill and the Florida Homeowners Multiple Peril Market

[more] CDI filed comments regarding H.R. 3424 and SFC staff discussion draft

[more] Copy of H.R. 3424

[more] Staff of Joint Committee on Taxation, Technical Explanation of H.R. 3424

[more] Remarks by Congressman Richard E. Neal Regarding Bill to Close Offshore Reinsurance Tax Loophole; July 31, 2009

[more] "Neal Introduces Bill to Close Reinsurance Tax Loophole," Press Release by Congressman Richard E. Neal; July 30, 2009

[more] Coalition for a Domestic Insurance Industry letter to Congress; June 16, 2009

[more] Coalition for a Domestic Insurance Industry Letter to U.S. House;
February 27, 2009

[more] Coalition for a Domestic Insurance Industry Letter to U.S. Senate;
February 27, 2009

[more] Testimony of William R. Berkley, Chairman of the Board and CEO of the W. R. Berkley Corporation, Before the Senate Finance Committee; September 26, 2007

[more] President Obama Puts Foreign Reinsurance Tax Loophole in Cross Hairs; CDI Press Release; February 5, 2010

The Situation:

A loophole in current law allows foreign-controlled insurers to strip their earnings overseas and avoid paying U.S. income tax...

Contact Us:

The Coalition For A
Domestic Insurance Industry

Karen Horvath
Tel: 203.629.3040