September 24, 2015
The U.S. Department of the Treasury today announced the appointment of nine people to serve as members of the Advisory Committee on Risk-Sharing Mechanisms (ACRSM) to spur the private market for terrorism insurance. The ACRSM, authorized by the Terrorism Risk …
January 13, 2015
President Barack Obama signed into law on Monday a bill that renews for six years a terrorism risk insurance program created in response to the Sept. 11, 2001, attacks, the White House said. The program provides a federal insurance backstop …
January 11, 2015
Standard & Poor’s offered a note of caution about the reauthorization of the federal terrorism reinsurance program, warning that changes made by Congress to boost co-insurance and deductibles could hurt small insurers moving forward. The revised Terrorism Risk Insurance Act, …
January 7, 2015
The U.S. House of Representatives voted to reauthorize a government backstop for insurers’ losses from acts of terrorism after lawmakers let the measure expire last month. The legislation, which will extend the Terrorism Risk Insurance Act for six years, was …
December 24, 2014
Lobbyists for insurers, real estate financiers and businesses launched into action last week to urge quick renewal of a terrorism insurance program in 2015 after U.S. lawmakers left it to expire at the end of this year. Industry officials said …