Terrorism Bill Critics Are Wrong

With a House-Senate Conference Committee facing a battle over two very different approaches to establish a federal role in terrorism reinsurance, there are a few critical facts that negotiators must consider.

One is that those who insist that insurers should have to repay any federal money they get for terrorism claims do not understand the fundamental goal of insurance, which is to spread the risk. Offering loans to help insurers pay terrorism claims–the foundation of the bill passed by the House–would not draw insurers back into the terrorism insurance market. Insurers need reinsurance, not loans, to be able to write this coverage.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



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 © 2024 ALM Global, LLC. All Rights Reserved.