Elections Seen As Huge Win For P&C Insurers On Most Key Issues

The historic 2010 midterm elections were a huge win for the property and casualty insurance industry—and their allied reinsurers, according to representatives of several industry trade associations. The only potential losers in the historic remake of the legislative map—both federal and state—are members of a group of the domestic commercial insurers who have been seeking to close a tax loophole enjoyed by offshore insurers, these representatives believe.