National Underwriter interviewed Rob Schimek, president & CEO of the Americas for AIG Property Casualty, on the carrier's thoughts about a continued federal backstop for terrorism risk insurance. Schimek's responsibilities include the division's insurance business in the U.S., Canada, Latin America and the Caribbean. AIG's terrorism clientele ranges from large multinationals and government entities to small businesses.
How critical is the renewal of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) to the insurance industry?
It's very important to our customers across all industries. The availability and affordability of terrorism insurance that TRIPRA enables has helped many businesses across the country insure their workers and their property from attacks by terrorists.
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