Industry leaders have been reacting to the news that the US Congress has voted overwhelmingly in favor or reauthorizing the Terrorism Risk Insurance Act for six years. The vote stalled before Christmas after a senator objected but passed through both houses of Congress on Wednesday.
... Meanwhile an academic has warned that policies on protecting locations need to be more flexible. Professor Mehmet Gumus of Desautels Faculty of Management says that governments need to allow funds for analysis of terrorists’ behaviours.
Read full article: Insurance Business America, January 9, 2015