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

August 2, 2007

  • August 2, 2007 at 1:28 am
    iceman says:
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    Rather than provide a plan and funding to pay for damages from a terror attack, why don’t they simply provide a plan and budget for a “Terrorist Elimination Plan”?I’m sure we can muster a compelling force of qualified mercenaries significantly reduce the threat.

  • August 2, 2007 at 2:38 am
    wiseman says:
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    “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.



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