The cost of terrorism insurance coverage is expected to become "volatile" if the federal terrorism insurance backstop is not extended, Marsh, Inc. says in a new report.
Marsh's annual "Terrorism Risk Insurance Report" was released today as part of a roundtable discussion at the Visitor's Center of the U.S. Capitol, which brought together industry experts, clients and policymakers.
The report says uncertainty over whether the current Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) already has affected organizations that purchase property and casualty insurance.
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