US Government Widens Insurance Role

Topics:
Insurance
Tags:
Business Operations,
Corporate Insurance,
Finance,
Financial Planning,
Government,
Insurance,
Regulations,
Terrorism Risk Insurance Act,
U.S. Government
Source:
LeBoeuf, Lamb, Greene & MacRae

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Overview: The Terrorism Risk Insurance Act of 2001 (TRIA), passed by a reluctant Congress last November at the urging of the business community and a White House eager to stimulate post-9/11 construction jobs, put the Federal government squarely back in the insurance arena, if only for the three-year duration of the TRIA Programme. Even small insurers and high-street agents and brokers, who otherwise are content to remain regulated by the States, are themselves unanimous in urging Congress to renew in the next few months the expiring provisions of the Fair Credit Reporting Act (FCRA) to continue its preemption of State laws.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 32KB | Date: Aug 2003 | Pages: 3

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