Measure to close LitFin tax ‘loophole’ added to US budget bill
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
  • Free trial
  • Log in
All Topics
Industry topics
Legal

Measure to close LitFin tax ‘loophole’ added to US budget bill

Major insurance industry groups and companies have recently pressed lawmakers to include the provision.

By Clark Mindock
June 16, 2025
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
US Capital Hill Congress Senate Regulation Legal Washington DC.jpg

A measure that would close what critics have called a litigation tax “loophole” has made it into a sweeping US budget bill after a push by major industry groups.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Legal Regulation Casualty/GL North America Insurers Re/insurers Reinsurers Marsh McLennan Chubb Liberty Mutual CNA Allstate Travelers The Hartford Fairfax Financial
Gift this article