Wednesday, September 27, 2006

Industry to Congress: Permanent Solution to Terrorism Insurance Vital

September 27, 2006
Insurance Journal

"Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, 'Protecting Americans from Catastrophic Terrorism Risk,' held jointly by the House Committee on Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises and the Subcommittee on Oversight and Investigations. The hearing focused on how best to protect Americans from catastrophic terrorism risk when the current Terrorism Risk Insurance Act expires at the end of 2007..."