The Risk and Insurance Management Society Inc. pledged yesterday to continue its efforts to extend the Terrorism Risk Insurance Act despite a Treasury Department report that any further federal backstop for the industry should be limited in nature.
"The recommendations issued in the Treasury Department report on the future of TRIA [which expires Dec.31] do not reflect the reality of the current environment," said RIMS President Ellen Vinck in a statement.
"The removal of a federal backstop for terrorism insurance needlessly puts our nation's economy at risk," said Ms. Vinck
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