Terror risk is major fac opportunity
The Obama administration will need to rethink its proposals to
eliminate the $250mn federal backstop for those that provide
terrorism risk.
This was the view of members of the Inside FAC New York Roundtable,
which took place last week.
Changes outlined in the 2010 US Budget suggested that the
government wants to "lessen federal intervention in this
insurance market and reduce the subsidy to and through private
insurers beginning in 2011".
However, in the wake of the bomb attack plot...
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