U.S. Congress - S.2621 Terrorism Risk Insurance Improvement Act of 2008
S.2621 - Terrorism Risk Insurance Improvement Act of 2008
A bill to amend the Terrorism Risk Insurance Act of 2002, to temporarily reduce the insurer deductibles for insurers sustaining insured losses from large terrorism events. view all titles (2)
All Bill Titles
- Official: A bill to amend the Terrorism Risk Insurance Act of 2002, to temporarily reduce the insurer deductibles for insurers sustaining insured losses from large terrorism events. as introduced.
- Short: Terrorism Risk Insurance Improvement Act of 2008 as introduced.
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Committees
Official Summary
2/11/2008--Introduced.Terrorism Risk Insurance Improvement Act of 2008 - Amends the Terrorism Risk Insurance Act of 2002 to revise the definition of "insurer deductible" with respect to a situation where aggregate industry insured losses resulting from a certified act of terrorisOfficial Summary
2/11/2008--Introduced.Terrorism Risk Insurance Improvement Act of 2008 - Amends the Terrorism Risk Insurance Act of 2002 to revise the definition of "insurer deductible" with respect to a situation where aggregate industry insured losses resulting from a certified act of terrorism exceed $1 billion for an insurer that sustains any of such losses.
Sets forth a calculation for the value of such an insurer's direct earned premiums over the calendar year immediately preceding the program year.
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Recent News Coverage
Schumer Reset Bill Is Consistent With PCI Position
WASHINGTON—S. 2621, a bill introduced by Senator Charles Schumer (DN.Y.) to temporarily reset deductibles following large terrorism events, is consistent ...
Recent Blog Coverage
GAO-08-1057 Terrorism Insurance: Status of Efforts by ...
Note: The legislative proposalâas outlined in S. 2621, 110th Cong. § 2 (2008) and H.R. 4721, 110th. Cong. § 2 (2007)âwould reset the TRIA deductible after a large terrorist attack where aggregate. industry insured losses exceeded $1 ...
GAO-08-919R Initial Results on Availability of Terrorism Insurance ...
See S. 2621, 110th Cong. § 2 (2008) and H.R. 4721, 110th Cong. § 2 (2007), two legislative proposals to reset. the TRIA deductible after a large terrorist event where aggregate industry insured losses exceed $1 billion. ...
OpenCongress - U.S. Congress - H.R.4721 Terrorism Risk Insurance ...
Mar 28, 2008: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Dec 17, 2007: Referred to the House Committee on Financial Services. Introduced on Dec 17, 2007. Related Bills:. S.2621 ...
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