CA representative Schiff introduces bill to create $50bn US federal reinsurance program 
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

CA representative Schiff introduces bill to create $50bn US federal reinsurance program 

Kyoung-son Song
12 January 2024
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Representative Adam Schiff (D-CA) speaks with reporters following a House Intelligence Committee briefing by CIA Director Mike Pompeo at the U.S. Capitol on May 16th, 2017. Schiff answered questions about President Trump disclosing classified information

Representative Adam Schiff (D-Calif) has introduced legislation that aims to create a $50bn federal catastrophic property loss reinsurance program, which would offer insurers a public reinsurance alternative for climate-driven catastrophes.

Entitled the Incorporating National Support for Unprecedented Risks and Emergencies (INSURE) Act, the program would begin operation in 2026, according to the text of the legislation.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsRegulationRe/insurers
headshot template (22).png
Kyoung-son Song
Contact
Gift this article