S. 1361, the Natural Disaster Protection And Insurance Act of 1999 : Hearing Before the Committee On Commerce, Science, And Transportation, United States Senate, One Hundred Sixth Congress, Second Session, April 13, 2000

Cover S. 1361, the Natural Disaster Protection And Insurance Act of 1999 : Hearing Before the Committee On Commerce, Science, And Transportation, United States Senate, One Hundred Sixth Congress, Second Session, April 13, 2000
S. 1361, the Natural Disaster Protection And Insurance Act of 1999 : Hearing Before the Committee On Commerce, Science, And Transportation, United States Senate, One Hundred Sixth Congress, Second Session, April 13, 2000
United States. Congress. Senate. Committee On Commerce, Science, And Transportation
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Higher triggers, higher than those in this current bill, will in fact encourage and require private sector development and private sector approaches.
We believe that S. 1361 is a very sound foundation for pro- ceeding, and we look forward to working with the Committee, members, and staff.
Thank you.
Senator Stevens. Thank you, Mr. Nutter .
Mr. Weber.
[The prepared statement of Mr. Nutter follows:] Digitized by Google 39 Prepared Statement of Frank W. Nutter, PREsroENT, Reinsurance Association o
...f America Chairman McCain, Senator Stevens and Members of the Commerce Committee, it is an honor to appear before you on behalf of the Reinsurance Association of America. We commend you. Senator Stevens, in particular, for your leadership in promoting legislation to address the issue of natural catastrophe exposure and in- surance.
The Reinsurance Association of America (RAA) represents U.S. domestic property casualty reinsurers.^ The creation of a federal reinsurance program is of great im- portance to our member companies.


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