NU Online News Service

The Property Casualty Insurers Association of America is voicing concern to the Treasury Department that its plan for making payments to and getting funds from insurers following a terrorism incident incorporates a “one-size-fits-all” approach that may not work in the real world.

PCI is also asking Treasury to rethink how it deals with “long-tail” claims, with PCI suggesting that a perception that all claims could be resolved within 10 years may be too optimistic.

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