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Tony Ondrusek is founder and publisher of Insurance & Financial Advisor and IFAwebnews.com.

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According to an article on IFAwebnews.com, a U.S. congressman wants to close a reinsurance tax loophole that he says gives an unfair advantage to offshore companies. Trade groups have differing opinions on its affect on the insurance industry and consumers, some praising it as “equitable,” and another calling it an “awful idea.”