The Risk Management Society is lobbying for an extension in the federal government's terrorism reinsurance program, according to Business Insurance. The program was originally enacted in 2002 and in 2007 it was extended until 2014. In a letter to the Federal Insurance Office, RIMS President Deborah Luthi says federally funded reinsurance is necessary because “the private sector alone is not able to sustain a competitive and healthy market for terrorism risk insurance.”
A survey of RIMs members found 85% support reauthorizing the federal terrorism reinsurance program.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
