Congress will be back at work this week with a full insurance-related agenda, leading off with debate over the proper federal role in insuring against catastrophic losses, as lawmakers consider bills dealing with both terrorism and natural disasters.

Action will begin Sept. 6 in the House Financial Services Committee, during a hearing before two of its subcommittees on legislation introduced last month–the Homeowners Defense Act of 2007. The bill would allow states to pool catastrophe risks, then transfer them to the private market through the sale of catastrophe bonds or purchase of reinsurance.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.