Torts...Focus In Terror Backstop Bill

Tuesday, October 8th, 2002 Catastrophe Liability

Republicans and Democrats are trying to work out a compromise on tort reform, one of the major stumbling blocks remaining in the effort to enact a federal backstop for insured losses caused by terrorism. The situation remains fluid, but as of this writing, two Democratic leaders—Sens. Chris Dodd, D-Conn., and Charles Schumer, D-N.Y.—developed a proposal to create a measure more in line with legislation advanced by the House, which is seeking tort reform as part of the package. The senators offered a tort reform concept based on the teacher liability provisions of H.R. 1, which is called the No Child Left Behind Act.

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