S&P Calls Terrorism Price Models Shaky
NU Online News Service Nov. 26, 2:04 p.m. EST? With ink barely dry on the Terrorism Risk Insurance Act, Standard & Poor's announced today that the measure may cause insurers to act irresponsibly, and called new pricing models for terrorism insurance "unreliable."
In what may be the most strongly-worded industry alert on the pitfalls of the measure, S&P said, "Although the legislation does much to ease anxiety among the insurance community, it cannot cure ignorance."
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