The Alliance of American Insurers (AAI) says it is encouraged that the Senate is now beginning to focus on the terrorism insurance issue with the introduction of a bill (S 2600) by Senators Chris Dodd (D-CT), Harry Reid (D-NV), Paul Sarbanes (D-MD) and Charles Schumer (D-NY). An Alliance spokesperson said the association believes the bill’s introduction will initiate a process leading to a bipartisan bill that will make it to the President’s desk for signing. The association plans to participate in that process. The U.S. House of Represen-tatives passed terrorism legislation in the fall of 2001. The Senate has yet to bring similar legislation to a vote.
Topics Catastrophe Natural Disasters Politics
Was this article valuable?
Here are more articles you may enjoy.
Study: AI May Be Tempering Insurer Hiring 
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations From This Issue
