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House Committee Advances Bill to Extend Terrorism Reinsurance Backstop for 15 Years

National News • August 2, 2007
The House Financial Services Committee voted yesterday to extend and expand the federal terrorism reinsurance law, going against the wishes of the Bush Administration. The panel voted by 49 to 20 ...

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Subject: "Terrorist" insurance

Posted On: August 2, 2007, 2:38 pm CDT
Posted By: wiseman
Comment:
"requirement that insurance companies make available coverage against nuclear, biological, chemical and radiological (NBCR) attacks, a provision not welcome by all insurers."

Of course it's not welcome by insurers; that's because it's their money. There's nothing that governments do better than spend other people's money.
Subject Posted By Posted On
"Terrorist" insurance wiseman
Aug 2, 2007, 2:38 pm
Thinking "our of the box? iceman
Aug 2, 2007, 1:28 pm
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