Congress should add group life insurance to the federal terrorism reinsurance program.[@@]
Ramani Ayer, president of the Hartford Financial Services Group Inc., Hartford, made that case here Thursday at a meeting sponsored by the U.S. Chamber of Commerce.
Ayer predicted Congress will extend the current Terrorism Risk Insurance Act program, which expires Dec. 31 and now limits protection to property-casualty insurers.
“We also need a long-term solution, but the most likely scenario is extension of the current law,” Ayer said.