Workers' compensation premiums could soar unless Congress acts this year to extend the Terrorism Risk Insurance Act of 2002.

It was soon after the 9/11 attacks that federal lawmakers adopted the law, setting up a system in which insurers could again offer terrorism insurance coverage to companies because the feds established a government-backed reinsurance program to protect insurers from the worst possible situations.

That program ends at the close of 2014, unless Congress once again extends it, as it did in 2005 and 2007.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.