AAIS Filing "Noncertified" Terror Exclusions

NU Online News Service, Jan. 17, 3:18 p.m. EST?The American Association of Insurance Services in Wheaton, Ill. said it is starting to file policy language for its members with individual state regulators that excludes losses from "noncertified" acts of terrorism.

Non-certified terrorist acts, AAIS said, are classified as those carried out by groups based in the United States, plus all terrorist acts, from whatever source, that cause less than $5 million in total insured losses.

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