NAII Blasts Neb. Terrorism Exclusion Rejection

NU Online News Service, Feb. 27, 11:55 a.m. EST?A trade group's attorney is predicting that a Nebraska Insurance Department decision to reject terrorism exclusions in personal lines could imperil the financial state of some insurers.

Due to a lack of reinsurance, "this action by the [Nebraska insurance] commissioner could adversely impact the ability of some insurance companies to offer coverage. Blanket disapproval of all exclusions may jeopardize an individual insurer's financial condition," warned Ann Weber, counsel with the Des Plaines, Ill.-based National Association of Independent Insurers.

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