Bush pushes U.S. Senate to pass terrorism Re Bill. (Washington Update).(Brief Article)

National Underwriter Property & Casualty-Risk & Benefits Management, April, 2002 by Brostoff, Steven

President George W. Bush's call for the U.S. Senate to quickly enact terrorism insurance legislation is drawing support from the insurance industry and criticism from consumer groups, while sparking partisan bickering on Capitol Hill. During a public event last week, President Bush called on the Senate to follow the lead of the House by passing legislation creating a federal backstop for insurance losses caused by terrorism.

"The Senate needs to get this bill done quickly, the President said. "I've heard some talk on Capitol Hill that the facts don't justify this type of legislation; that the facts don't justify the federal government stepping in as a stopgap. They are not looking at the right set of facts, as far as I'm concerned." The President's remarks...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.