Marsh Report Finds Uncertainty Hitting Terrorism Insurance Market

A new report by Marsh has found that uncertainty concerning the pending expiration of the Terrorism Risk Insurance Program Reauthorization Act at the end of the year is already affecting the availability and price of terrorism coverage, especially as it relates to workers’ compensation.Marsh notes that recent Congressional activity suggests the law will likely be extended, but when and with what types of modifications remain major questions. The consulting firm’s “2014 Terrorism Risk Insurance Report” said the 2013 Boston Marathon bombings highlight the need for a ...