Washington==An increasingly short schedule will make it unlikely that Congress will create a new, long-term solution to the problem of terrorism risk, according to former D.C. Insurance Commissioner Lawrence Mirel.
Instead, Mr. Mirel believes that a new program could be established at the state level to help protect against losses that overwhelm the insurance industry, from both natural and man-made catastrophes.
"The issue is what's going to happen between now and the end of the year," said Mr. Mirel, who now serves as the chair of the insurance regulatory practice at the law firm of Wiley, Rein and Fielding in Washington D.C.
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