In the latest war of words over the future of the Terrorism Risk Insurance Act (TRIA), the president of the Insurance Information Institute accuses the Consumer Federation of America (CFA) of being anti-consumer for its opposition to an extension.
I.I.I. President Robert Hartwig tells PC360 that he is surprised by what he says is an anti-consumer stance by the consumer protection group because failure to renew TRIA would jeopardize construction projects, costing jobs and doing damage to a fragile economic recovery.
Says Hartwig, "Fundamentally, you have to view it this way; if TRIA were not in existence then insurers would simply not write the coverage at all in most instances."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
