(Reuters) - David Nason, Treasury assistant secretary for financial
institutions, said private insurers had shown they can shoulder
more terrorism risk since Congress first passed the Terrorism
Risk Insurance Act in the wake of the September 11, 2001
attacks.
TRIA provided much-needed coverage at a time when private
firms had all but cut off terrorism risk insurance, threatening
to bring all large-scale development projects to a halt. But it
was scaled back when it was extended for two years at the end
of 2005.
Read more at Reuters.com Bonds News
institutions, said private insurers had shown they can shoulder
more terrorism risk since Congress first passed the Terrorism
Risk Insurance Act in the wake of the September 11, 2001
attacks.
TRIA provided much-needed coverage at a time when private
firms had all but cut off terrorism risk insurance, threatening
to bring all large-scale development projects to a halt. But it
was scaled back when it was extended for two years at the end
of 2005.
Read more at Reuters.com Bonds News
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