Lawmakers Mull Changes To Terrorism Insurance Backstop

Law360, New York (September 19, 2013, 3:36 PM EDT) -- During a spirited discussion over the fate of a federal backstop for terrorism insurance Thursday, some U.S. House representatives pushed for a long-term extension of the program, while others called for the government to start charging insurers for the service if it is continued.

At a U.S. House financial services committee hearing that was moved up from December, lawmakers grilled experts from insurance broker Marsh & McLennan Cos., Swiss Re American Holding Corp., Taxpayers for Common Sense and others on whether to keep alive the government's...
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