Congress Studying Federal Reinsurance for Cyberterrorist Attacks May 26, 2021 By Andrew G. Simpson A research arm of Congress is studying the costs of cyber attacks on the U.S. infrastructure and whether the backup...
Spending Bills with Flood, Terrorism Insurance Renewals Go to President Trump December 20, 2019 By Andrew G. Simpson The Senate yesterday went along with House measures that fund the military and rest of the federal government through next...
Senate Banking Committee Advances Terrorism Reinsurance Renewal November 20, 2019 Legislation to renew the federal terrorism reinsurance program advanced another step today when it was passed by the Senate Banking...
House Passes Terrorism Reinsurance Renewal; Senate to Take Up Measure November 19, 2019 The House of Representatives on Monday passed a bill reauthorizing the federal terrorism reinsurance program by a vote of 385-22....
What Might Happen If Congress Fails to Renew Terrorism Reinsurance Program May 22, 2019 The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing...
A.M. Best Warns of Ratings Downgrades If Terror Reinsurance Act Not Renewed May 16, 2019 Property/casualty insurers that have relied heavily on the federal terrorism reinsurance program face the risk of rating downgrades if the...
How Terrorism Reinsurance Law Uncertainty Affected Market June 29, 2015 After a slight dip in the wake of the brief lapse of the terrorism reinsurance program in early 2015, terrorism...