Representative Testifies On Protecting Americans From Catastrophic Terrorism Risk
Friday, September 29th, 2006 Catastrophe PropertyA National Association of Mutual Insurance Companies said in witness testimony before two House Financial Services Subcommittees Wednesday that Congress needs to adopt a long-term private/public terrorism risk insurance program in order to protect Americans from a catastrophic terrorism risk. The Subcommittees were told that TRIA played a major role in preventing an economic catastrophe and helping to get the country back on its feet economically after 9/11, and that the Terrorism Risk Extension Act has prevented a significant tightening and possible collapse of the terrorism risk insurance market.
External References & Further Reading
http://www.namic.org/newsreleases06/060927nr1.asp
