NU Online News Service, Oct. 15, 3:52 p.m. EDT
WASHINGTON–Rules for payments by the government following a terrorist attack must not impair the ability of property and casualty insurers to recoup federal dollars for covered losses, the American Insurance Association (AIA) said in a letter to the Treasury Department.
"Such a scenario would disrupt business and ultimately be a disservice to commercial insureds," AIA officials state in the letter.
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