Alliance of American Insurers President Rodger Lawson released a statement following the passage by the House of the Terrorism Risk Protection Act Conference Report (HR 3210):
“The Alliance of American Insurers is very pleased with the action taken by the House, and we are hopeful the Senate will follow suit.
“We recognize that without the strong support of President Bush, who has championed this legislation, we would not be where we are today.
“We also want to recognize the leadership of Rep. Mike Oxley, who authored the bill, as well as Sen. Chris Dodd, as major forces for its success.
“We believe this action will create stability in reinsurance markets, and will be very helpful for insurance markets and the overall economy.”
Was this article valuable?
Here are more articles you may enjoy.
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
World’s Growing Civil Unrest Has an Insurance Sting 
