NAIC Adopts GuidelinesFor Federal Terrorism Re Role

The National Association of Insurance Commissioners has adopteda set of principles it can use to evaluate federal terrorisminsurance legislation.

“The NAIC members believe there is a role for the federalgovernment to play, particularly in the near future, to stabilizethe property and casualty insurance market,” said NAIC Presidentand Kansas Insurance Commissioner Kathleen Sebelius. She added thatthe NAIC has been providing technical assistance and communicatingwith U.S. Treasury Department officials as they develop a proposedsolution.

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