Political Quotes

“the war risk insurance program has been a relatively non-controversial program. It was first authorized in 1951 and last reauthorized in 1992. Since 1975, it has been used to insure more than 5000 flights to trouble spots such as the Middle East, Haiti, and Bosnia. It was used to insure airlines ferrying troops and supplies to the Middle East during Operation Desert Storm. The program is scheduled to expire at the end of this fiscal year. The reauthorization of this program is relatively straightforward. Several technical changes suggested by GAO, the administration, or the affected airlines have been included in the bill. These changes would do the following-- Authorize the Secretary to be guided by the reasonable business practices of the commercial aviation insurance industry when determining the amount for which an aircraft should be insured. This change is intended to recognize that there may be instances in which an aircraft's market value is not the appropriate basis for determining the amount of insurance.”