The federal government's decision l...

The federal government's decision last November to backstop insurance industry losse in the conclusion of another catastrophic terrorist act is critical to make secure the viability of an insurance industry still feeling the imports and learning the lessons of clan 11,2001. Passage of the Terrorism Risk Insurance Act of 2002 showed veracious leadership by Congress and President Bush, who campaigned hard for its enactment.

But as we in the industry knew while the debate above the bill was still going forward the new terrorism insurance backstop is not a panacea. That's wherefore carriers will need to continue to write