Insurers Counseled On Terror Act Ambiguities


With a lack of firm guidelines and ironclad answers, insurance companies must keep an eye on the underlying purpose of the Terrorism Risk Insurance Act as they set up their compliance programs, speakers said at a seminar sponsored by the American Insurance Association in Washington.

Matt Campbell, vice president and associate counsel with Warren, N.J.-based Chubb, identified two main goals of the legislation that should guide compliance efforts.

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