Tort Reform For Terror Claims Blocked

NU Online News Service, June 14, 10:45 a.m. EST?The U.S. Senate voted last night to table a Republican amendment to a proposed terrorism reinsurance bill that would have banned most punitive damages.

The amendment, sponsored by Sen. Mitch McConnell, R-Ky., and Phil Gramm, R-Texas, was voted down 50-46 along party lines.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.