Filed Under:Markets, Commercial Lines

Associations Weigh In on Election: Status Quo Prevails as Industry Looks Forward

In the wake of the election, property and casualty insurance-industry officials promised to work constructively with President Obama, his administration and Congress “to protect and advance” industry interests over the next four years.

Several also noted upcoming industry priorities, including extension of the Terrorism Risk Insurance Act and adequate funding of the National Flood Insurance Program.

She said the AIA will work with the Federal Insurance Office to promote international regulatory initiatives that foster coordination, cooperation, and communication, and ultimately result in more efficient and effective regulation that promotes a level competitive playing field and development of private markets.

She added that a top legislative priority for AIA in 2013 will be the reauthorization of the Terrorism Risk Insurance Act (TRIA). 

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