Terrorism Risk Challenges Brokers
Now that Congress has passed the Terrorism Risk Insurance Act, the challenge will be how to make the federal reinsurance program work for both insurers and clients, with agents and brokers playing a key role as intermediary.
“The challenge now is the process and procedures [as they develop]–how the carriers implement this program and how they price the product,” observed Gary W. Eberhart, executive vice president for the National Association of Professional Insurance Agents in Alexandria, Va.
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