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- Economy will suffer if Congress lets TRIA lapse: Buyer; Terrorism backstop not a 'bailout' but vital to development.(News)(Terrorism Risk Insurance Act)
- Byline: MARK A. HOFMANN WASHINGTON-Allowing the public/private partnership that currently guarantees terrorism insurance to lapse would have severe economic consequences, according to a prominent policyholder representative. "Without terror Byline: MARK A. HOFMANN WASHINGTON-Allowing the public/private partnership that currently...
- Research articles 2006-11-27
- Terror risk demands federal role: Groups; Private market still said lacking.(Risk and Insurance Management Society Inc)
- Byline: MARK A. HOFMANN A continuing lack of guaranteed reinsurance, the long-term nature of the terrorism threat and the shortcomings of computer modeling to forecast terrorist losses are all reasons to maintain a federal terrorism insurance back Byline: MARK A. HOFMANN ...
- Research articles 2006-05-01
- Statement of Ramani Ayer Chairman and Chief Executive Officer of The Hartford on the Senate's Passage of a Terrorism Insurance Act
- HARTFORD, Conn. -- "The Hartford Financial Services Group Inc. is pleased that the Senate has joined the House in taking action on an extension of the Terrorism Risk Insurance Act. This public-private partnership is essential to manage terrorism risk and provide economic security to the nation.
- Research articles 2007-11-16
- Bill calls for lasting terrorism backstop; White House criticizes 10-year extension plan.(News)
- Byline: MARK A. HOFMANN WASHINGTON-A House bill that would extend the federal terrorism insurance backstop for 10 years appears to lack the broad bipartisan support enjoyed by its predecessors. In fact, Republican members of the House Financial Byline: MARK A....
- Research articles 2007-06-25
- Congress begins work on terrorism backstop; Lawmakers differ on need for lasting program.(News)
- Byline: MARK A. HOFMANN WASHINGTON-The legislative effort to retain the federal terrorism insurance backstop is formally under way with chairman of the Senate Banking, Housing and Urban Affairs Committee vowing anew to seek "a more permanent Byline: MARK A. HOFMANN ...
- Research articles 2007-03-05
- ABA urges permanent terror cover solution.(American Bar Association)
- Byline: Mark A. Hofmann The pre-emption of state insurance pricing laws and the extension of terrorism insurance coverage to such perils as nuclear, biological and chemical losses should be part of a "permanent government/industry solution'' Byline: Mark A. Hofmann ...
- Research articles 2006-05-01
- RAND recommends.(News)(RAND Corp.)(Brief Article)
- Policy recommendations from a research report on terrorism insurance by the RAND Corp.'s Center for Terrorism Risk Management Policy: * With the threat of economically motivated terrorism becoming more focused on private corporations, Congress mig Policy recommendations from a research report on terrorism...
- Research articles 2005-06-27
- Terror cover backstop a high priority: Dodd; Incoming panel chair expresses support for permanent solution.(terrorism insurance, Christopher J. Dodd)
- Byline: MARK A. HOFMANN WASHINGTON-Extension of the federal backstop for terrorism coverage is a key priority for the next Congress, according to lawmakers from both houses. Last week, the incoming chairman of the Senate Banking, Housing and Ur Byline: MARK...
- Research articles 2006-11-20
- Terror strikes the heart of London transit; Attacks kill dozens, injure hundreds, but claims unlikely to burden insurers.(News)
- Byline: SARAH VEYSEY LONDON-Insurance losses from the bomb attacks last week in London are not expected to be severe and any large-scale losses will likely be covered by the United Kingdom's terrorism insurance pool. Four bombs ripped through Lo Byline: SARAH...
- Research articles 2005-07-11
- White House opposes permanent backstop.(News)(terrorism insurance)
- Byline: Mark A. Hofmann WASHINGTON-The Bush administration is willing to work with Congress regarding the federal government's role in guaranteeing terrorism insurance, but remains committed to the eventual elimination of the terrorism insurance b Byline: Mark A. Hofmann WASHINGTON-The Bush...
- Research articles 2007-03-12
- Senate expected to delay backstop.(News)(Brief article)
- Byline: Mark A. Hofmann WASHINGTON-The House of Representatives is likely to move relatively quickly next year on what role the government should play in guaranteeing terrorism insurance, but the Senate appears unlikely to follow suit, a key Hill Byline: Mark A. Hofmann...
- Research articles 2006-10-09
- Self-insuring terrorism is risky. (Cover Story).(Congress debates terrorism insurance bills)(Government Activity)(Brief Article)
- Commercial insurance buyers looking for terrorism coverage basically have three choices--they can buy expensive standalone policies if they can find any, they can set aside funds and self-insure their exposure, or they can go bare and hope for the Commercial insurance buyers looking for terrorism...
- Research articles 2002-09-16
- Congress OKs terror backstop; Buyers' attention turns to the insurance market's response.(News)(Terrorism Risk Insurance Act of 2002)
- Byline: MARK A. HOFMANN WASHINGTON-Risk managers and brokers are now waiting to see how the commercial insurance market will react to passage of a long-awaited terrorism insurance bill. Questions about how the legislation will affect insurance c Byline: MARK A. HOFMANN...
- Research articles 2002-11-25
- Bush must keep heat on Congress to pass Terror Re Bill. (Editorial Comment).(reinsurance)(Brief Article)
- It's about time that someone in Washington woke up and realized that we are even less prepared to withstand the economic impact of a terrorism attack now than we were on Sept. 11, primarily because terrorism insurance is hard or impossible to find or It's about...
- Research articles 2002-04-15
- Concentrated risk of merger.(Board of Trade Clearing Corp., Chicago Mercantile Exchange Inc.)(Brief article)
- One of the benefits touted as springing from the merger of the Chicago Board of Trade and the Chicago Mercantile Exchange is lower costs, but in one area, the combined operations could see costs rise: terrorism insurance. The $8 billion merger wil One...
- Research articles 2006-10-23
- Congress passes terrorism insurance extension.(CAPITOL BEAT)
- NAA/NMHC secured a tremendous victory with Congressional passage of compromise legislation (S. 467) to renew the federal terrorism risk insurance program for two years. The bill passed the Senate on Dec. 16 and the House of Representatives on Dec. 17 NAA/NMHC secured a tremendous victory with...
- Research articles 2006-01-01
- 2: Terrorism coverage.(Spotlight Report)
- Byline: Mark A. Hofmann Just when it appeared that legislation creating a federal terrorism insurance backstop would be put off until the next Congress-or perhaps forever-the lame ducks of the 107th Congress put aside their differences and approve Byline: Mark A. Hofmann ...
- Research articles 2003-01-06
- 6: Terrorism bill stalls.(for U.S. government backed victim insurance)(Brief Article)
- It was down to the wire as lawmakers struggled to decide what, if any, role the U.S. government should have in guaranteeing insurance for terrorism-related losses. In the end, they decided not to decide and left the matter to be resolved next year ...
- Research articles 2001-12-24
- Editorial: Work remains on terrorism relief.(New bipartisan terrorism insurance legislation)(Government Activity)(Brief Article)
- Now comes the hard part. That may sound a bit odd, given the struggle that getting a terrorism insurance bill through the Senate entailed. After all, the House moved quickly and passed a bipartisan terrorism insurance bill in November. But it took Now...
- Research articles 2002-06-24
- Editorial: Congress should expand alternatives.(Brief Article)
- WE HAVE HAD more differences than common ground with consumer groups over the years on business issues as varied as health care, insurance rate regulation and tort reform. So it may come as a surprise that we find ourselves in partial agreement wi ...
- Research articles 2002-06-03
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