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Daschle Cites TerrorismReinsurance As Priority

Washington

Insurance industry representatives are praising Senate Majority Leader Tom Daschle, D-S.D., for identifying terrorism reinsurance as one of his legislative priorities for this year.

“Sen. Daschles statement is a crucial development, insofar as it recognizes that there has been significant displacement in the insurance marketplace,” said Ken Crerar, president of the Washington-based Council of Insurance Agents and Brokers. “Given the Majority Leaders statement, we now believe that the successful conclusion of this debate can be reached in the next two months.”

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