President's Working Group Terror Insurance Report a 'Farce,' Congressional Adviser Says

Publication Date: October 3, 2006
Advisen -- Insurance Market
Source: BestWire Services

"A veteran congressional adviser who helped draft the original Terrorism Risk Insurance Act blasted a recent presidential report on the state of the terrorism insurance market as a "farce" designed to arrive at the preconceived conclusion that the federal reinsurance backstop ought not to be extended..."