I am worried about the fact that if you have first-dollar coverage on a terrorism act, why should I as a reinsurer try to adjust to the market...
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Senator Bunning raises concerns about reinsurance market adjustments post-terrorism.
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It seems our policy is stuck between a law that is so bureaucratic that it paralyzes action and a practice of not using the law, which at this accident might show can possibly lead to tragedy.
If I am in Schenectady, New York, and I am dealing with a broker-dealer in Schenectady, any broker--I am not going to give anybody a plug here--how do I compete with the electronic traders that have nanosecond access?
I am frustrated, and I know my colleague, Senator Schumer, is frustrated. We are trying to act in the best interest of our workers and the United States of America.
I happened to be watching the market very closely when this was going on, and I watched a stock called Procter & Gamble at $61 a share and then the next trade was at $37 and the next trade was at $39.





