Washington–As Congress debates whether to continue the government's backstop for terrorism coverage, a new study by the Consumer Federation of America argues that insurers should get no federal help.
"It is time to wean insurers and large real estate interests from this lucrative government program," said J. Robert Hunter, director of insurance for CFA and former Texas insurance commissioner and federal insurance administrator.
According to the CFA study, profits and financial soundness are strong, access to capital is at near record levels, and rates are falling.
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