Terrorism Premium Price Seen Excessive

NU Online News Service, June 2, 9:11 a.m. EDT?The Terrorism Risk Insurance Act of 2002 has resulted in lower terrorism premiums, but many buyers still consider the price too high, a survey of U.S. commercial lines insurers by Moody's Investors Service has found.

Jim Bartie, a vice president at Moody's in New York and one of the survey's authors, said that the participants included the major commercial lines writers in the U.S., representing over 50 percent of commercial premiums.

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