Reinsurer exec says industry can take on terrorism risks
Ernest Csiszar, an associate fellow at free-market think tank R Street Institute, testified that the program’s trigger should be raised significantly, to as much as $20 billion or $25 billion.
Csiszar also recommended that the U.S. Treasury begin charging a risk-based price for the reinsurance coverage it extends to the industry, and to invest those premiums in risk transfer, including reinsurance, catastrophe bonds or other vehicles.
