Six years after the Sept. 11 terrorist attacks, it is vital that a long-term government terrorism risk insurance program be passed, according to the president of the Insurance Information Institute, Robert P. Hartwig.
“With many realistic attack scenarios producing losses several times that of Sept. 11, it is essential that a long-term terrorism risk insurance program be enacted,” Mr. Hartwig said in a statement.
“Implementation of such a measure is a key component of the nation's effort to protect the financial homeland,” he added. “Congress is considering an extension [of the current terrorism reinsurance fund] which will protect millions of businesses and their workers. It also addresses the potential ambiguity of domestic versus international terrorism acts.”
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