TITLE

Federal backstop remains vital terror cover tool

AUTHOR(S)

HOFMANN, MARK A.

PUB. DATE

September 2011

SOURCE

Business Insurance;9/12/2011, Vol. 45 Issue 35, p1

SOURCE TYPE

Periodical

DOC. TYPE

Article

ABSTRACT

The article focuses on the federal terrorism coverage backstop, one of the key legacy of the September 11, 2001 terrorist attacks in the U.S. It highlights the success of the program to bring certainty to the marketplace. The backstop was created by the Terrorism Risk Insurance Act to run until 2005. Supporters of the program are calling for its renewal to fill the gap for such coverage in the market.

ACCESSION #

65963236

Tags: SEPTEMBER 11 Terrorist Attacks, 2001;  TERRORISM -- United States;  TERRORISM insurance -- Law & legislation;  BUSINESS insurance -- United States

 

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