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Terrorism Insurance
September 2004
BNA's Web Watch is prepared by
Laura Gordon-Murnane. Documents
and Reports are arranged first by federal government, state governments,
international governments, and nongovernment organizations. E-mail
suggestions for future weekly topics always welcome.
Federal Government
Pending Legislation
S.
2764 A bill to extend the applicability of the
Terrorism Risk Insurance Act of 2002
(introduced Christopher J. Dodd)
H.R.
4772 To extend the terrorism risk insurance program
(Introduced by Michael E. Capuano)
H.R.
4634 To extend the terrorism insurance program
of the Department of the Treasury. (Introduced by Pete Sessions)
Republican Policy Committee
Federal
Terrorism Reinsurance: A Solution or a Problem? (June 15, 2004)
Congressional Hearings
US
Senate Committee on Banking, Housing, and Urban Affairs Oversight
of the Terrorism Risk Insurance Program (May 18, 2004)
Member Statements
Senator
Richard Shelby
Senator
Jim Bunning
Senator
Paul S. Sarbanes
Senator
Tim Johnson
Senator
Charles E. Schumer
Witness Testimony
The Honorable Brian
Roseboro Under Secretary for Domestic Finance, Department of
the Treasury
Mr. Richard Hillman, Director of Financial Markets and Community
Investment, U.S. General Accounting Office
Mr.
John Degnan, Vice Chairman, The Chubb Corporation
Mr.
J. Robert Hunter, Director of Insurance, Consumer Federation
of America
Mr.
Christopher Nassetta, President and CEO, Host Marriott Corporation
Mr.
Jacques E. Dubois, Chairman and CEO, Swiss Re America Holding
Corporation
Ms.
Donna Lee Williams, Commissioner, Delaware Department of Insurance
Subcommittees on Capital Markets, Insurance and Government Sponsored
Enterprises
And Oversight and Investigations
Hearing entitled “A
Review of TRIA and its Effect on the Economy: Helping America Move
Forward” (Wednesday, April 28, 2004)
Opening Statement of Full Committee Chairman Michael
G. Oxley
Opening Statement of Oversight Subcommittee Chairwoman Sue
Kelly
Opening Statement of Representative Peter
T. King
Opening Statement of Representative Paul
E. Gillmor
Opening Statement of Capital Markets Ranking Member Paul
E. Kanjorski
Prepared Testimony
The Honorable Wayne
A. Abernathy, Assistant Secretary for Financial Institutions,
United States Department of the Treasury
The Honorable Gregory
V. Serio, Superintendent, New York State Insurance Department
Mr.
Richard J. Hillman, Director, Financial Markets and Community
Investment, United States General Accounting Office
Statement submitted by The
American Council of Life Insurers (ACLI)
Statement
submitted on behalf of: American Insurance Association (AIA) Council
of Insurance Agents & Brokers (CIAB) Independent Insurance Agents
& Brokers of America (IIABA) National Association of Professional
Insurance Agents (PIA) Property Casualty Insurers Association of
America (PCI) Reinsurance Association of America (RAA) Surety Association
of America (SAA) UWC – Strategic Services on Unemployment
& Workers Compensation (UWC)
General Accountability Office
Effects
of the Terrorism Risk Insurance Act of 2002 (GAO-04-720T) (April
2004)
Executive Agencies
US Department of Treasury
Terrorism Insurance Regulations
Final
Rule - Litigation Management - July 28, 2004
Final
Rule - Claims Procedures - June 29, 2004
Proposed
Rule -Litigation Management -May 06, 2004
Nongovernment Organizations
American Academy of Actuaries
P/C
Terrorism Insurance Coverage: Where Do We Go Post-Terrorism Risk
Insurance
Act?
Analysis Group
The
Economic Effects of Federal Participation in Terrorism Risk
(September 14, 2004)
R. Glenn Hubbard and Bruce Deal Managing Principal, Analysis Group,
Inc.
The Coalition to Insure Against Terrorism (“CIAT”)
Industry
Comment Letter: Comments on “Make Available” Determination
(June 4, 2004)
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