Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Treasury Seeks Group Life Terror Comments

X
Your article was successfully shared with the contacts you provided.

The Bush administration is giving group life insurers a new chance to ask for government protection against losses resulting from huge terrorist attacks.

The President’s Working Group on Financial Markets, an arm of the U.S. Treasury Department, is issuing a notice asking group life insurers for comments about terrorism risk.

The notice also asks insurers of all kinds for comments about exposure to “chemical, nuclear, biological and radiological events.”

In the past, the Bush administration has lobbied vigorously against expanding government terrorism protection for insurers. The administration was required to issue the current notice by the Terrorism Risk Insurance Extension Act of 2005.

A copy of the notice is on the Web at Document Link


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.