Terrorism and Flood Bills Before Senate Committee

Keep your eye on Capitol Hill tomorrow where the U.S. Senate Banking Committee will consider both further extension of the federal terrorism risk insurance program and reform of the National Flood Insurance Program (NFIP). Votes on both measures are expected  in the  morning. The House passed its version of the terrorism bill on September 19 (see our September 20 posting). Word on the street is that the Senate version is very different to the House bill in scope, as it would extend the program for seven years and not extend coverage to group life. The debate on extending coverage to chemical, nuclear, biological and radiological (CNBR) terrorism also remains undecided. Check out I.I.I. information on terrorism risk and NFIP  facts & stats  online.

Leave a Reply

Your email address will not be published. Required fields are marked *