Insurers Rethinking Coverage In NY Amid TRIA Uncertainty

Law360, New York (August 6, 2013, 3:34 PM EDT) -- Insurance companies are considering rolling back their exposure in New York and other areas seen as vulnerable to terrorist attacks as Congress weighs the fate of a federal terrorism reinsurance program set to expire at the end of 2014, a risk management trade group said in a report released Tuesday.

In its report, the Risk and Insurance Management Society Inc. argued for a quick renewal of the Terrorism Risk Insurance Act, which established a government program to reinsure terrorism risks after the 9/11 attacks made terrorism...
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