After a slight dip in the wake of the brief lapse of the terrorism reinsurance program in early 2015, terrorism insurance market conditions are steady again, although there have been some noteworthy changes in behavior, insurance broker Marsh said in …
Today the U.S. Senate followed the House and voted overwhelmingly to reauthorize the federal terrorism reinsurance program that had been allowed to lapse. The vote was 93-4 in favor. On Wednesday, the House of Representatives had voted 416-5 to renew …
The U.S. House of Representatives voted to reauthorize a government backstop for insurers’ losses from acts of terrorism after lawmakers let the measure expire last month. The legislation, which will extend the Terrorism Risk Insurance Act for six years, was …
