The briefing, titled "Federal Terrorism Backstop Bills Would Place Greater Onus on Insurers," states that although substantial progress has been achieved toward extending the federal backstop, neither provides a permanent solution of risk sharing between the private sector and the federal government for insuring terrorism risks. The changes under the bills will impact the exposure for some insurers. If such an increase exceeds a company's risk tolerance and mitigation strategies are not available or affordable, it may result in non-renewal of concentrated risks.
For the full, complimentary copy of this briefing, which includes summaries of the two bills, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=227011.
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