Terrorism Backstop Bill Leaves Lingering Questions
Publication Date: June 25, 2007
Advisen -- Insurance Market
Source: BestWire Services
"Property insurers, brokers and major commercial insureds have found in the recently introduced Terrorism Risk Insurance Revision and Extension Act a host of common wish list items -- a long-term extension of the federal terror backstop, elimination of the distinction between foreign and domestic terrorism, lower event trigger levels with no increase in industry retentions, and certainty that industry exposure is capped..."
Advisen -- Insurance Market
Source: BestWire Services
"Property insurers, brokers and major commercial insureds have found in the recently introduced Terrorism Risk Insurance Revision and Extension Act a host of common wish list items -- a long-term extension of the federal terror backstop, elimination of the distinction between foreign and domestic terrorism, lower event trigger levels with no increase in industry retentions, and certainty that industry exposure is capped..."
posted by AVRECO at 4:34 PM
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