President’s Working Group Releases TRIA Report
Report says coverage is available and affordable, though the market is tightening due to uncertainty over reauthorization; insurance industry groups response mostly favorable.
INN Breaking News, April 17, 2014
The private market does not have the capacity to provide reinsurance for terrorism risk to the extent currently provided by the Terrorism Risk Insurance Act, according to the “The Long-Term Availability and Affordability of Insurance for Terrorism Risk,” report just released from the President’s Working Group. And, without TRIA, terrorism risk insurance would be less available, more costly and have limited scope.
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