WASHINGTON, D.C.— In its continuing campaign to improve hotel terrorism insurance policies, the American Hotel & Lodging Association sent a letter to the United States Senate in early June urging a resolution to this urgent problem. AH&LA reiterated its warnings to Senators that the lodging industry is finding terrorism insurance increasingly costly, inadequate or unavailable. In addition to leaving the lodging industry exposed, the untenable situation is beginning to affect the industrys standing in the financial markets and debt ratings, the letter said. Recently, Senate Majority Whip Harry Reid (D-Nev.) introduced terrorism insurance legislation, S. 2600. Although the entire text of this bill is not yet available, AH&LA is viewing this as a positive step forward by the Senate towards addressing this issue, according to its statement. This is the first major bill to be introduced. In addition, President George Bush has restated his call for the Senate to act quickly in passing terrorism insurance legislation. This echos the Presidents April statement calling for Senate action at a White House event attended by AH&LA President and CEO Joe McInerney. AH&LA is urging hotels to support their efforts by calling state Senators asking for swift passage of terrorism insurance legislation.
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