“The Hartford Financial Services Group Inc. congratulates the Congress for passing the vital Terrorism Risk Insurance Extension Act before the end of the year deadline for the expiration of the current program. This public-private partnership is essential to manage terrorism risk and help enhance the nation’s economic security.
“We cannot predict how or when terrorists may strike at our nation. But, this bill provides American businesses with the insurance protection they need to function despite that threat. We look forward to the President signing the bill.
“An important component of this bill is that it extends the program for seven years. This time period will provide policyholders and insurers with certainty that the program will be there. The bill also expands the program’s protection by including domestic terrorism.
“We appreciate the work of Rep. Barney Frank, (D-Mass.), Chairman of the House Financial Services Committee as well as that of Senator Chris Dodd (D-Conn.), Chairman of the Senate Banking Committee and Senator Richard Shelby (R-Ala.), Ranking Member of the Senate Banking Committee, for getting this job done.”
About The Hartford
The Hartford, a Fortune 100 company, is one of the nation's largest diversified financial services companies, with 2006 revenues of $26.5 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, Brazil and the United Kingdom.