Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Insurers Need To AttackCredibility Problem Next

Once all the activity surrounding terrorism reinsurance legislation subsides, the insurance industry might do well to focus on another issue; namely, whether it has a credibility problem both on Capitol Hill and with the Bush administration.

The consensus proposal developed by the insurance industry to create a private mutual reinsurance pool backed by the U.S. Treasury as the “reinsurer of last resort” was dismissed out-of-hand, and on a bipartisan basis, both at the Treasury Department and by the relevant Congressional committees.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.