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You are here: Home / Politics / Govt / Latham says he’s frustrated over insurance bail out bill

Latham says he’s frustrated over insurance bail out bill

December 20, 2001 By admin

Congressman Tom Latham says he’s frustrated the Senate has failed to act on legislation that would aid the insurance industry. The U-S House passed a bill that would issue a government guarantee to cover losses of any terrorist act in the next 12 months as insurance companies say they’ll go under if they have to cover a second disaster like September 11th.The House and Senate plan to adjourn for the year today or tomorrow, and if a bill’s not passed this week, real estate developers say many projects will grind to a halt. Seventy percent of property and casualty policies expire January 1st, and many insurers are telling customers terrorism coverage will not be extended past that date.

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Filed Under: Politics / Govt Tagged With: Tom Latham

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