Terrorism Risk Insurance:

In the wake of the 9/11 attacks, the market dried up for commercial insurance to protect companies against losses from terrorist attacks exposing businesses to billions of dollars in potential losses. The Bockorny Group organized and led a 75-member coalition of Fortune 500 companies and business associations and pushed for the creation of a federal reinsurance backstop to cap insurance company losses and allow the insurance market to function. Despite conservative opposition, we have been able to win repeated Congressional approval of legislation ensuring terrorism risk insurance coverage is available to the business community.