Don't Let Tort Reform Calls Sink Terrorism Reinsurance Bill
At last, the U.S. Senate lived up to its responsibility to assure economic stability in case of another terrorist attack by passing a bill to establish a federal reinsurance backstop for catastrophic terrorism losses.
We still have a long way to go before a program is actually implemented, and have no idea exactly what the legislation will look like once it makes its way through a House-Senate Conference Committee. However, you have to start somewhere, and given the fact that the House passed its version six months ago, at least negotiations on a compromise can begin at last.
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
Already have an account? Sign In Now
© 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.
