Presidential Panel's Report Suggests Terror Backstop Crowds Out Private Reinsurance
Publication Date: October 2, 2006
Advisen -- Reinsurance
Source: BestWire Services
"The Terrorism Risk Insurance Act effectively stabilized the insurance industry in the wake of the Sept. 11 terrorist attacks, but the federal backstop's continued presence may 'negatively affect the emergence of private reinsurance capacity because it dilutes demand for private sector reinsurance,' according to a new report from the President's Working Group on Financial Markets..."
Advisen -- Reinsurance
Source: BestWire Services
"The Terrorism Risk Insurance Act effectively stabilized the insurance industry in the wake of the Sept. 11 terrorist attacks, but the federal backstop's continued presence may 'negatively affect the emergence of private reinsurance capacity because it dilutes demand for private sector reinsurance,' according to a new report from the President's Working Group on Financial Markets..."
posted by AVRECO at 2:01 PM
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