President's Working Group On Financial Markets: Terrorism Risk Insurance Analysis
The Coalition to Insure against Terrorism ("CIAT") files these comments in response to a request by the President's Working Group on Financial Markets ("PWG"). CIAT is a broad coalition of commercial insurance consumers formed immediately after 9/11 to ensure that American businesses could obtain comprehensive and affordable terrorism insurance. CIAT joined Congress and the Administration in recognizing that only the Federal government could provide the framework to make this coverage available to all those who required it. CIAT members have generally not seen any impact on the terrorism risk insurance market that would be attributable to the state of the financial markets.