The market for terrorism risk insurance provided by the private sector is seeing some improvements, according to a report prepared by the President’s Working Group on Financial Markets.
The group, created by the law that extended the federal government’s terrorism insurance backstop through 2014, is required to present periodic reports on the state of terrorism insurance market to Congress. This summer, the group obtained comments from a variety of stakeholders, including members of the Risk & Insurance Management Society Inc., and compiled them in the report.
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