On Terror Losses, Govt. Role, Founding Fathers: NAMIC President Speaks Out
Like so many of his colleagues, Dave Anderson worries aloud about the consequences of a huge industry deductible tacked onto a federal backstop plan for insurance losses due to acts of terrorism.
How, he asks, do you even get to $10 billion (one threshold that's being seriously bandied about) without causing serious damage to companies, if there's no underlying mechanism to protect them, especially with the increasing evidence that private reinsurers will exclude terrorism coverage at renewal?
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