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US budget cuts terrorism insurance subsidy

01 February 2010

US president Barack Obama’s proposed budget unveiled today eliminates nearly $250m in federal subsidies to insurance companies for terrorism insurance, according to the AIA.

Read more: tria aia barack obama american insurance association

US president Barack Obama’s proposed budget unveiled today eliminates nearly $250m in federal subsidies to insurance companies for terrorism insurance,...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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0%
$3bn-$4bn
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
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0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield