Insurance industry stakeholders are seeking an extension of the Terrorism Risk Insurance Act before its December 2014 sunset date.
"I think the events of the last couple of weeks probably will bring more to the forefront that the potential danger is always there," said Mona Carter, senior division executive for national policy for NCCI. "I think it might make the discussion a little more relevant."
Nevertheless, it would be considered terrorism under the most recent TRIA law.
"By current definition, it fits either way," Carter said. "The most recent version of TRIA included both foreign and domestic acts of terrorism."
June 24, 2013
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