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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.