Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The American Academy of Actuaries, in response to questions posed by the President’s Working Group on Financial Markets, has submitted its analysis on terrorism risk insurance, concluding that a national framework for terrorism risk is necessary if terrorism coverage is to be widely and readily available.

According to the report, the actuaries were not able to identify any insurance, reinsurance, or capital market solution that could finance such potential insured losses from a large chemical, nuclear, biological or radiological (CNBR) event. With their solvency threatened, insurers would be forced to limit their exposures to loss from a terrorist attack.

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?



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 © 2021 ALM Media Properties, LLC. All Rights Reserved.