WASHINGTON--Sen. Chris Dodd, D-Conn., said today he wants prompt action on a permanent solution to insuring terrorism risk, rather than merely extending the temporary federal reinsurance backstop due to expire next year.
Sen. Dodd made his comments as he joined with Sen. Richard Shelby, R-Ala., outgoing chairman of the Senate Banking Committee, to say they would work on a bipartisan basis in dealing with the issues before the committee. Sen. Dodd will take the chairman's gavel when Democrats assume control over the U.S. Senate early next year.
For his part, Sen. Shelby said he would like the Senate to act on legislation reforming the National Flood Insurance Plan during the lame-duck session ahead.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
