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(From Reinsurance)
In a unanimous consent vote, the US Senate has passed the Shelby/Dodd TRIA extension compromise bill, S.467, which includes the "Make Available" stipulation requiring that insurers make coverage available to policyholders in all lines covered by the TRIA insurance programme.
The bill, which was brought in at the last minute despite urgent pleas from the (re)insurance industry for Congress to extend TRIA during 2005, would move the current 15% company retention to 17.5% in ...