“It is essential” that the Terrorism Risk Insurance Act be extended before it expires at the end of 2014, an official of the Hartford Insurance Group said in testimony today before a House Committee.
Christopher M. Lewis, senior vice president and chief insurance risk officer for The Hartford Financial Services Group, speaking on behalf of the American Insurance Association, said that the program must be maintained “so that the U.S. can enjoy national economic security for years to come.”
Other industry officials echoed that sentiment throughout the hearing, which was held by the Subcommittee on Insurance, Housing and Community Opportunity of the House Financial Services Committee.
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