Terrorism Tops List Of Buyer Concerns
Terrorism coverage, the hardening insurancemarket, alternative risk-financing options and job security areamong the most critical challenges facing corporate insurancebuyers in 2003, leading risk managers say.
“At the top of a lot of people's lists is how to respond to theterrorism reinsurance act's implementation,” said Chris Mandel,president of the New York-based Risk and Insurance ManagementSociety. “The onus is on the industry to do that now, and it has 90days to do it. I think it will put a lot of pressure on buyers tomake decisions quicker and with less formality than in thepast.”
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