X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

You would think that renewing federal reinsurance protection for terrorism risks in the short term, and establishing a permanent backup facility of some sort for the long run, would be a no-brainer, given the potential severity and lack of predictability of the exposure involved. But then again, there is so little common sense, guts or political will in Washington these days that it’s no surprise Uncle Sam is again considering leaving the insurance industry in the lurch on this horrific risk once the Terrorism Risk Insurance Act expires at the end of next year.

PropertyCasualty360

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 © 2019 ALM Media Properties, LLC. All Rights Reserved.