X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Industry Must Unite OnTerrorism Risk Pool

While we generally oppose government involvement in the business of insurance, we believe the insurance industry can make a very strong case that for terrorism risks, government intervention is vital.

The economic toll from the Sept. 11 attacks, which could run $40 billion or higher, leaves the insurance industry in an economically vulnerable position. While there is general agreement that the industry has sufficient capital to withstand this economic hit, widespread concerns exist over the impact on industry solvency if another event, such as a major hurricane or a second terrorist attack, occurs.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.