June 20, 2007

Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, and Senator Mary Landrieu, D-La., today introduced a comprehensive bill to help people and families hard-hit by Hurricanes Katrina and Rita rebuild, strengthen and preserve their communities, homes, and lives.  

June 15, 2007

Senator Chris Dodd, D-Conn., Chairman of the Senate Banking, Housing and Urban Affairs Committee, and Senator Mary Landrieu, D-La., today announced that they will introduce a comprehensive bill to help people and families hard-hit by Hurricanes Katrina and Rita rebuild, strengthen and preserve their communities, homes, and lives.  

May 9, 2007

Today, the St. Petersburg Times published the following op-ed by Senator Dodd on the costal insurance crisis. Senator Dodd is the Chairman of the Senate Banking, Housing, and Urban Affairs Committee.

In the last few years, home and business owners on America's coasts weathered the worst that nature can offer. And now, many of those who endured are being driven away - not by wind and rain, but by the unbearable cost of insurance.

...and assure them that when disaster strikes, they will be able to rebuild their homes, their businesses and their lives.”

April 11, 2007

In light of the hardships facing homeowners and businesses in coastal regions to insure themselves against hurricanes and other natural disasters, Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today convened a hearing entitled “An Examination of the Availability and Affordability of Property and Casualty Insurance in the Gulf Coast and Other Coastal Regions.” 

March 9, 2007

Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, announced today in New Orleans that he will hold a hearing on the impact that Katrina and other natural catastrophes have had on the availability and affordability of insurance for families and businesses in the Gulf Coast and other coastal regions across the country.  Chairman Dodd will examine the current practices of the insurance industry, specifically the claims processed post-Katrina and the industry’s ability to insure customers from future natural disasters.

 

Encourages a More Permanent Law to Protect Americans and U.S. Economy from Acts of Terrorism

February 28, 2007

As part of his overarching goal to improve the nation’s security and prosperity, Chairman Chris Dodd (D-CT) today convened a hearing on the Terrorism Risk Insurance Act (TRIA).  Chairman Dodd highlighted the effectiveness of the law and urged his colleagues to adopt a more permanent program to provide a federal backstop against catastrophic losses in the property and casualty insurance marketplace associated with massive terrorism damages.  TRIA was originally passed by Congress and signed into law after 9/11, and is scheduled to expire on December 31, 2007. 

June 15, 2006
Washington, D.C. – Recognizing that the members of our country’s Armed Services should not be preyed upon by unscrupulous and dishonest financial service providers, Senator Chris Dodd yesterday supported a bill which would enact stricter standards by which some insurers and other financial service companies market their life insurance and securities products to servicemen and -women and require full disclosure by the representatives about their product.

December 16, 2005
Washington, D. C. -- U. S. Senate Banking Chairman Richard Shelby, Ranking Member Paul Sarbanes, Sen. Bob Bennett and Sen. Christopher Dodd today commented on the agreement between the Senate Banking Committee and House Financial Services Committee to extend the Terrorism Risk Insurance Program.

November 18, 2005
WASHINGTON - Senator Chris Dodd, author of the Terrorism Risk Insurance Act (TRIA) of 2002, issued the following statement after the Senate approved his legislation to extend TRIA after it expires at the end of 2005:

November 15, 2005
WASHINGTON, D. C. - The Senate Banking Committee today announced an agreement on legislation that will extend the Terrorism Risk Insurance Act. The bipartisan bill is the result of a collaboration among Banking Committee Chairman Shelby, Senator Dodd, Senator Bennett and Ranking Member Sarbanes. A date for the mark-up of the bill will be announced shortly.

Chairman Shelby said,