CFA says terror insurance battle is already won. (Late Breaking News).(Congress may pass legislation on terrorism insurance)(Government Activity)(Brief Article)

National Underwriter Property & Casualty-Risk & Benefits Management, August, 2002 by Brostoff, Steven

Congress should scrap both terrorism insurance bills currently pending before it and opt instead for a limited approach that targets the main problem in the market-big "trophy" properties, the Consumer Federation of America said. "We can declare victory on the insurance front in the war on terrorism," J.

Robert Hunter, director of insurance for the Washington-based CFA, said at a press conference last week. "There are only pockets of resistance left and those are being mopped up," he said. Mr. Hunter said there is no broad-based terrorism insurance crisis. While terrorism insurance is not cheap, he said, prices are dropping. Moreover, coverage is generally available to businesses of all size with only a few exceptions, he said. Cities such as New York,...

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