House Passes Bill to Reauthorize Terrorism Risk Insurance Program

actuarial methods due to its unpredictable nature.

The federal backstop has helped maintain a functioning private market for this coverage since the immediate aftermath of the 2001 attacks, when reinsurers largely withdrew from the space.

H.R. 7128 does not expand the scope of the program or alter its fundamental structure as a temporary backstop.

Instead,continue reading …