Terrorism Risk Insurance Program Reauthorization Gains Support

Global risks remain and insurers still need government backstop, according to Guy Carpenter; reform bill raises trigger for attacks.

INN Breaking News, June 18, 2014

Chris McMahon

The (re)insurance sector does not have the capital necessary to withstand high-loss scenarios that involve nuclear, biological, chemical or radiological weapons, according to a report from Guy Carpenter & Co. LLC, a global risk and reinsurance specialist. And recent legislation to reauthorize the Terrorism Risk Insurance Act has garnered support from insurance industry groups.

Get access to this article and thousands more...

All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.

Already Registered?

Free Site Registration