Government Backing for Terrorism Insurance Grows Increasingly Unlikely in This Congress
February 15, 2002
Congress is unlikely to enact any terrorism insurance legislation this year, according to real estate experts and commercial mortgage-backed securities analysts. James Murphy, chairman of the Mortgage Bankers Association of America, said, “At this point, terrorism insurance legislation is an uphill battle. Elected officials are asking for evidence that there is likelihood of another big terrorist attack. They are of the opinion that we