Search
 

Study Says Government Seal Needed On Terror Cover

Two insurance trade groups are pointing to a new international study that says there are continuing gaps in terrorism reinsurance coverage that would be ...

By Arthur D. Postal | Updated on February 18, 2005

Two insurance trade groups are pointing to a new international study that says there are continuing gaps in terrorism reinsurance coverage that would be revealed by another large attack. The report, the groups said, underscores the need for quick congressional action to extend the Terrorism Risk Insurance Act, which expires Dec. 31.

The report by the Organization for Economic Cooperation and Development, released late last week, said that conditions on terrorism insurance markets have improved over the last several years but private markets are still not able to fully cover the extremely large losses that could result from terrorist acts in the future.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.