Trade groups representing smaller insurers are asking Congress to delay a decision on whether to mandate coverage of a nuclear, biological, chemical or radiological attack in any legislation extending the Terrorism Risk Insurance Act.
The letter calls for careful study and analysis by a commission of how NBCR risk should be handled, rather than a "premature and counterproductive mandate to provide NBCR coverage now."
The issue is important because the current version of TRIA expires Dec. 31 and its extension is a top priority of all insurers.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.