On Terror Losses, Govt. Role, Founding Fathers: NAMIC PresidentSpeaks Out

Like so many of his colleagues, Dave Anderson worries aloudabout the consequences of a huge industry deductible tacked onto afederal backstop plan for insurance losses due to acts ofterrorism.

How, he asks, do you even get to $10 billion (one thresholdthat's being seriously bandied about) without causing seriousdamage to companies, if there's no underlying mechanism to protectthem, especially with the increasing evidence that privatereinsurers will exclude terrorism coverage at renewal?

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