The U.S. Senate unanimously passed the Brownfields Revitalization and Environmental Restoration Act of 2001. The American Insurance Association (AIA) called the bill good for cities, people, business and the environment since it promotes the cleanup of contaminated abandoned industrial sites located primarily in urban areas. The bill will authorize $250 million in grants for site assessment and cleanup to return these sites to useful purposes. Although not yet introduced in the House of Representatives, it is expected that a companion or similar bill will soon be considered by that body.
Was this article valuable?
Here are more articles you may enjoy.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 


