Although insurers just finished a bruising battle last month to win a two-year extension of the expiring Terrorism Risk Insurance Act, the industry has already started pushing for a permanent solution.
Joseph Plumeri, chairman and chief executive officer of the Willis Group insurance brokerage, has urged President George W. Bush to develop a long-term response to terrorism insurance challenges.
Mr. Plumeri's letter is a first salvo in what is expected to be a concentrated industry effort to ensure that a presidential panel studying the terrorism insurance market has a lot of industry input when drafting its report.
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