President Bush pushes for consensus on terrorism insurance.

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

President George W. Bush last week pressed Congress to develop a consensus terrorism insurance bill. At a White House meeting with Congressional leaders on Sept. 30, the President said it is important for Congress to get a terrorism insurance bill done before it adjourns for the year. President Bush said that over $15.5 billion worth of construction projects are not moving forward because insurance is not available.

That means that 300,000 people who should be working on these projects are not employed, he noted. President Bush said that he and the Congressional representatives had a good discussion about how Congress and the administration can work together to get a bill clone. He said he had asked Congressional leaders on terrorism insurance to try to...

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