The Alliance of American Insurers (AAI) says it is encouraged that the Senate is now beginning to focus on the terrorism insurance issue with the introduction of a bill (S 2600) by Senators Chris Dodd (D-CT), Harry Reid (D-NV), Paul Sarbanes (D-MD) and Charles Schumer (D-NY). An Alliance spokesperson said the association believes the bill’s introduction will initiate a process leading to a bipartisan bill that will make it to the President’s desk for signing. The association plans to participate in that process. The U.S. House of Represen-tatives passed terrorism legislation in the fall of 2001. The Senate has yet to bring similar legislation to a vote.
Topics Catastrophe Natural Disasters Politics
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