Terrorism insurance backstop must be extended, experts say

11/12/2012 | National Underwriter Property & Casualty

The Terrorism Risk Insurance Act will lapse if not extended by the end of 2014, which would threaten market stability, experts said. Previously, Congress has decided within a month of TRIA's expiration date to approve extensions, said Aaron Davis of Aon Risk Solutions. "We continue to advise our insurance and reinsurance clients to advocate for an early and long-term resolution to extending this key catastrophic-risk backstop," Davis said.

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National Underwriter Property & Casualty

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