Commentary: Uncertainty surrounds terrorism-insurance backstop

01/20/2013 | Insurance Journal

The proposed Terrorism Risk Insurance Program Reauthorization Act faces uncertainty as Congress works with new leadership and faces "different fiscal demands and competing priorities," write Robert Cruz and Brian Finch. The insurance industry and other supporters insist that the bill is needed to maintain the terrorism-insurance marketplace as the U.S. remains at risk of terrorist attacks, write Cruz and Finch. "Whatever ultimately happens with TRIPRA, planning should begin now," they write.

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