Washington–Joseph Plumeri, chairman and chief executive officer of the Willis Group insurance brokerage, has urged President Bush to develop a long-term solution for the terrorism problem his industry faces.
Mr. Plumeri's letter is a first salvo in what is expected to be a concentrated industry effort this month to ensure that a presidential panel studying the terrorism insurance market has a lot of industry input in drafting its report.
The American Insurance Association in a new brochure to members listing its advocacy priorities for 2006 said it “will continue working with the policyholder community and government officials to advance workable, long-term solutions for terrorism risk that can extend beyond the end of 2007, when the program expires.”
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