The National Association of Independent Insurers (NAII) outlined five specific recommendations to help victims and insurers expedite the claims process and streamline the financial recovery from terrorist attacks and other catastrophes.
"NAIIs key message is that insurance mechanisms should be allowed to work and, in the unique circumstances of September 11, the mechanism is working well. The New York Insurance Department has been able to effectively deal with this unprecedented situation of handling an enormous number of claims after a terrorist attack and demonstrate that state regulars are exceptionally responsive to the needs of claimants and insurers alike," said John Eager, NAII senior director of claims services.
