Will Final Terrorism Bill Please Insurers?
With Congress out-of-town for a month, Congressional staff members are going to remain behind to try to iron out the substantial differences between the terrorism insurance bills approved by the House and the Senate. That will be no easy task, and the outcome has major implications for the insurance industry, both in the market and on Capitol Hill.
What follows is a quick rundown of what I know (or think I know), what I dont know, and where I believe the insurance industry may face some painful political choices.
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