Insurers Want Trade Deal To Target State-Backed Players

Law360, New York (March 12, 2013, 2:37 PM EDT) -- A new agreement for international trade in services should create a more level playing field for the many U.S. insurers that have lately faced stiff competition from state-owned insurance companies abroad, the American Insurance Association told the U.S. Trade Representative on Tuesday.

At a hearing Tuesday, the AIA commended the USTR's efforts to negotiate the International Services Agreement with 47 countries. The AIA, which represents insurers writing about $225 billion annually in worldwide property-casualty premiums, urged the USTR to build on previous agreements and hammer out...
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