Sampson: Insurers should make a united stand on TRIA extension

03/24/2013 | PropertyCasualty360

The insurance industry needs "a very thoughtful and unified" strategy to urge Congress to renew the Terrorism Risk Insurance Act, said PCI President and CEO David Sampson. "Straight reauthorization of TRIA is a very, very high hill to climb," Sampson said, adding that Federal Insurance Office Director Michael McRaith is likely "to have to play an important role in the [Obama] administration on TRIA."

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