NU Online News Service
Washington–The National Association of Mutual Insurance is telling key Senate members that in the event of a terrorist attack most insurers will be in financial jeopardy should they set too high a threshold for federal support to kick in.
In their efforts to secure some renewal of the Terrorism Risk Insurance Act, NAMIC has advised legislators that an unacceptable level of risk could place four-fifths of property-casualty writers in trouble if an event occurred.
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