NEW YORK–The Terrorism Risk Insurance Act isn't set to expire until the end of 2014, but that doesn't mean it won't be an issue in 2013, says Lloyd's director for North America.
Given the fiscal deficit, the insurance industry has a lot of convincing to do. And it needs to start now, says Sean McGovern, Lloyd's director responsible for North America.
Some lawmakers in Washington may think we can do without TRIA because there hasn't been a su
ccessful attack on the U.S., he says.
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