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Insurers Seeking Permanent Solution For Terrorism Risks

Industry looks to make case with new presidential

By Arthur D. Postal | Updated on January 15, 2006

Although insurers just finished a bruising battle last month to win a two-year extension of the expiring Terrorism Risk Insurance Act, the industry has already started pushing for a permanent solution.

Joseph Plumeri, chairman and chief executive officer of the Willis Group insurance brokerage, has urged President George W. Bush to develop a long-term response to terrorism insurance challenges.

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