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Insurance firms shielded by new congress plan
Christopher Brauchli argues that a House measure to shield insurers from catastrophic terrorist losses mirrors an earlier corporate tax refund and would give the industry up to 100 billion in government loans for future attacks. The bill would cap lawsuits, cap lawyers fees, shift costs to policyholders or taxpayers, and require federal court review, underscoring a shift to protect insurers as the economy’s glue.
MENTIONED IN THIS ARTICLE
Ground Zero
Congress
House of Representatives
House
America
Michael Oxley
Ohio
Secretary of the Treasury
Treasury Secretary
Bush
Mr. Oxley