Insurers Claim Mitigation Efforts Compliment, But Do Not Replace The Need For TRIA
Wednesday, February 23rd, 2005 Catastrophe Legislation & RegulationThe Department of Homeland Security introduced a proposal for mitigating losses from a future terrorist attack on Tuesday by establishing "best practices" which will help protect businesses from terrorism. The Property Casualty Insurers Association of America however claims that mitigation will not replace the need for renewing the Terrorism Risk Insurance Act, which is set to expire on Dec. 31, 2005.
External References & Further Reading
http://www.insurancejournal.com/news/national/2005/02/22/51856.htm
