Senate Democrats expressed strong support for renewal of the Terrorism Risk Insurance Act at a Capitol Hill hearing on the issue, but concerns voiced about the program by Republicans left it unclear
WASHINGTON--Senate Democrats expressed strong backing at a hearing today for continuing government insurance industry support for terrorism catastrophe losses, but concerns voiced about the program by
According to the Independent Insurance Agents & Brokers of America, in a letter to Treasury Secretary John Snow, the House representatives asked that the forthcoming Presidential Working Group on
Citing concerns that the market is still unable to overcome potential losses from future terrorist attacks, insurance industry representatives recently testified before House panels that the national
The stand-alone terrorism insurance market is growing healthier, but customers in high-risk zones can pay a substantial premium, and the expiration of the Terrorism Risk Insurance Act may only exacerb
Insurers can continue to use ISO's portfolio of terrorism insurance endorsements and related rules without any revisions under the Terrorism Risk Insurance Extension Act of 2005, signed into law by
Terrorism Insurance Sales Lag Sticker shock and a perceived lack of exposure to terrorist events in non-urban areas are dissuading many organizations from purchasing terrorism ...
ISO Offers Online Terrorism Insurance Seminar The Insurance Services Office Inc. will launch a series of Web-based educational seminars in January, starting with a seminar ...
ACE Does Not Expect Price-Gouging In New Terrorism Insurance MarketPrice-gouging for terrorism coverage is unlikely because it is in the best interests of the insurance ...
New Federal Terrorism Insurance Law Will Not End Disputes Over CoverageIn the Feb. 11 edition, I wrote a column discussing potential problems with the definition ...