NAIC Adopts GuidelinesFor Federal Terrorism Re Role

The National Association of Insurance Commissioners has adopted a set of principles it can use to evaluate federal terrorism insurance legislation.

“The NAIC members believe there is a role for the federal government to play, particularly in the near future, to stabilize the property and casualty insurance market,” said NAIC President and Kansas Insurance Commissioner Kathleen Sebelius. She added that the NAIC has been providing technical assistance and communicating with U.S. Treasury Department officials as they develop a proposed solution.

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