Brokers: Keep TRIA Going
NU Online News Service, March 30, 3:20 p.m. EST?Of the nation's major insurance brokerage firms, 80 percent feel that the federal Terrorism Risk Insurance Act should be extended when it expires at the end of 2005, even though interest in the product is low among their clients, according to an association survey.[@@]
The Washington, D.C.-based Council of Insurance Agents & Brokers, which released the survey, said few clients are buying the coverage. Of the 126 respondents, half said that fewer than 20 percent of their clients are buying the federally backed terrorism coverage.
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