A study to be published shortly will show that government support for carriers that insure terrorism risk is beneficial to taxpayers because a federal backstop encourages insurers to write policies for an otherwise uninsurable risk, an economist with the Rand think tank said.
The remarks of Lloyd Dixon, Rand Corp senior economist, were made yesterday at a Washington Center for American Progress forum held with Des Plaines, Ill.-based Property Casualty Insurers Association of America (PCI).
Quotes and a description of talks by Mr. Dixon and others were furnished by PCI.
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