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.
Honda’s Insurance Agency Operations Stall, Services ‘Paused’ 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’ From This Issue
