WASHINGTON–The chairman of the House Financial Services Committee said New York lawmakers will be key participants in crafting a compromise with the Senate over legislation extending federal supports for catastrophic terrorism insurance losses.
New Yorkers, whose state was the scene of the nation's deadliest terror attack, have been pressing for more expansive provisions.
Rep. Barney Frank, D-Mass., made his comments about New York's input in the wake of Senate action Friday approving a terror backup bill more modest than the version passed by the House. The Senate measure is titled the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2007.
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.
