TRIA Renewal 'Far From Certain': Morgan Stanley
NU Online News Service, March 23, 4 :18 p.m. EST? The biggest industry concern with terrorism risk is the possibility that the current federal insurance backstop program is allowed to expire, according to an investment research firm. [@@]
Morgan Stanley in New York also noted that property-casualty insurers' potential for loss from terrorist activity is a large one–with many companies now carrying potential exposures that exceed their net World Trade Center losses.
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