Terrorism Risk Challenges Brokers

Now that Congress has passed the Terrorism Risk Insurance Act,the challenge will be how to make the federal reinsurance programwork for both insurers and clients, with agents and brokers playinga key role as intermediary.

“The challenge now is the process and procedures [as theydevelop]–how the carriers implement this program and how they pricethe product,” observed Gary W. Eberhart, executive vice presidentfor the National Association of Professional Insurance Agents inAlexandria, Va.

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