Washington–With the federal backstop for terrorism insuranceexpiring in 22 days, the White House and Senate Republicans areinsisting any legislation to extend the support be more bare-bonedthan the House approved measure.
Reacting to Republican Senate leadership comments to thiseffect, the American Council of Life Insurers said they were atactic to keep the group life insurance provisions from the finalbill.
And in a memo to members, officials of the Council of InsuranceAgents and Brokers said they anticipated that the Senate would takean initial position "stonewalling" on the House measure to renewthe Terrorism Risk Insurance Act in hopes of preserving its ownsimpler version of the legislation.
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.
