06/13/2018
https://www.congress.gov...
"In your 2013 Terrorism Risk Insurance Report, you predict that without a Federal backstop, the cost of terrorism insurance would rise for areas with concentrations of people or economic assets."
"the TRIA backstop is critical to inducing those workers' compensation carriers to, in fact, provide that cover."
"I do not think that, personally, from my perspective, that is still not possible in the world in which we live in."
"Although TRIA does not expire until next year, it is important for this Committee to start working on reauthorization now, to give greater certainty to the market as insurance policies start coming up..."