GAO Examining Terror Re Market
Washington
The U.S. General Accounting Office is conducting a study of the terrorism reinsurance market, the National Underwriter has learned.
Industry sources said they have been contacted by the Chicago office of GAO, which is seeking information on the impact of the absence of terrorism reinsurance coverage in preparation for a House Financial Services Committee hearing, expected to take place shortly after Congress reconvenes on Jan. 23.
The study was reportedly requested by the Financial Services Committee.
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