Daschle: Terrorism Reinsurance A Priority
Thursday, January 24th, 2002 Catastrophe PropertyInsurance industry representatives are praising Senate Majority Leader Tom Daschle, D-S.D., for identifying terrorism reinsurance as one of his legislative priorities for this year. "Sen. Daschle's statement is a crucial development, insofar as it recognizes that there has been significant displacement in the insurance marketplace," said Ken Crerar, president of the Washington-based Council of Insurance Agents and Brokers. "Given the Majority Leader's statement, we now believe that the successful conclusion of this debate can be reached in the next two months." Mr. Crerar was reacting to comments from Sen. Daschle quoted by Congress Daily AM in which he identified terrorism reinsurance, which the Senate failed to approve last year, as a priority.
