Six years after the 9/11 attacks, the head of an insurance information group said it is vital that a long-term government terrorism risk insurance program be passed.
"With many realistic attack scenarios producing losses several times that of September 11, it is essential that a long-term terrorism risk insurance program be enacted," Robert P. Hartwig, president of the Insurance Information Institute, said in a statement.
Mr. Hartwig added, "Implementation of such a measure is a key component of the nation's effort to protect the financial homeland. Congress is considering an extension which will protect millions of businesses and their workers. It also addresses the potential ambiguity of domestic vs. international terrorism acts."
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