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SUPPORT,
SKEPTICISM VOICED AT TERRORISM RISK INSURANCE
ACT EXTENSION HEARING
Ensuring
the availability and affordability of
terrorism insurance in the long term appears
to have growing Congressional interest
and support.
According
to supporters, one such approach to ensuring
this would create a public-private partnership,
replacing
the
current federal
financial backstop for insurers facing
losses from future catastrophic terrorist
attacks. The backstop is being provided
by the Terrorism Risk Insurance Act, which
expires at the end of this year. Insurers
and policyholders are focusing efforts on
extending
the program
through the end of 2007, but also say it's
not too early to consider what should follow
TRIA.
However,
getting TRIA extended isn't a given,
as was clear last week
as the Senate
Banking, Housing and Urban Affairs Committee
held its first hearing of the year on TRIA's
future. Sen. Richard Shelby, R-Ala., the
committee's chairman, did not hide his
doubts over the need to extend TRIA, saying
that he intends to approach the question
of extending a federal terrorism insurance
program with "a critical but, I hope,
open mind."
"The stated purpose of this
law was `to establish a temporary'-and I'll say
it again, `temporary'-federal program that provides
for a transparent system of shared public and
private compensation for insured losses resulting
from acts of terrorism. Now, two and one-half
years later, the program's scheduled termination
date draws near. I think we are at a point where
we can determine what, if anything more, is required
of this temporary program," he said.
Not all committee members shared Sen. Shelby's
opinion.
"I
would make a pitch that we do this permanently," said
Sen. Charles Schumer, D-N.Y. Sen. Schumer
predicted that, otherwise, construction and
insurance markets would be disrupted each
time the act came up for renewal as Congress
considered whether to extend the program.
Sen. Schumer is a co-sponsor of the Terrorism
Risk Insurance Extension Act of 2005, a bipartisan
bill to extend TRIA through the end of 2007.
The bill requires a presidential working
group to offer Congress suggestions on long-term
solutions regarding terrorism insurance availability
and affordability no later than June 30,
2006.
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April
Birthdays
|
| Mary
Ann Wharton |
1
|
| Elizabeth
Clevinger |
2
|
| Shannon
Curvin |
16
|
| Chan
Cox |
17
|
| Jon
Falkner
|
17
|
| Roberta
Williams |
24
|
| Dom
Giovannelli |
26
|
| Tammy
Fox |
26
|
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May
Birthdays |
Natalie
Beckner
|
1
|
| Ellen
Phillips |
13
|
| Durbin
Christner |
16 |
| Genevieve
L. Noble |
25 |
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April
Anniversaries
|
| Ted
Roose |
8
years
|
| Linda
Tucker |
1
year
|
| |
May
Anniversaries
|
| Chan
Cox |
20 years |
| Edward Glenn |
20 years |
| Kathy
Yaworski |
13
years
|
| Elaine
Senner |
5
years
|
| Robin
King |
4
years |
| Larry
Clevinger |
3
years
|
| Elizabeth
Clevinger |
1
year
|
| James MeuLendyke |
1 year |
| Dialyn Spence |
1 year |
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April
2005 Issue of Coal People
|
We're
in the Latest Issue of Coal People Magazine (read
the article here first)
American Mining Insurance Company: Our Employees
Are the Heart of Our Company
Having been in business
for over fifteen years, American Mining Insurance
Company
(AMIC) has made a name for itself in mining insurance.
We’ve done that by understanding the mining
industry and always striving to give our customers
the best service we know how. Our experience
is one of the things that helps give American
Mining Insurance Company an edge.
But the real heart of our company is our employees.
From coaching little league baseball, creating
hand-made rocking horses for needy children,
or even serving as a city councilman in small-town
Pennsylvania, our employees spend a lot of their
time helping out in the community. And they do
it because they care. That passion is one of
the reasons they work for us---the passion to
excel, to make things better.
So many of our employees make a dramatic difference
in their communities that we often focus on one
in our monthly online newsletter, but the work
of Larry Clevinger, Vice President and Kentucky
Branch Manager for AMIC, touches so close to
our industry that it seemed more important to
talk about it than to write a promotional piece
about American Mining Insurance Company.
more>>>
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By
The Numbers
click here for larger graphs
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A Short Course in Human Relations
The six most important words:
"I admit I made a mistake."
The five most important words:
"You did a good job."
The four most important words:
"What is your opinion?"
The three most important words:
"If you please."
The two most important words:
"Thank you."
The one most important word:
"We"
The least important word:
"I"
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When
Was This Picture Taken? APRIL 25 OR
DECEMBER
25 ????????
Check
out the late (and cold) snow p hotos from
our Johnstown, PA office. |
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Our office will be closed in observance of Memorial
Day on May 30
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