Insurance trade groups had diverse reactions to the National Association of Insurance Commissioners' vote of no confidence on terrorism exclusions in personal-lines policies- which one organization saw as a blow to its members.
Robert Zeman, vice president and assistant general counsel of the National Association of Independent Insurers, headquartered in Des Plaines, Ill., said that his group was "disappointed with the NAIC's presumption that personal lines insurers do not face the same problems that commercial lines insurers do."
Mr. Zeman said that the NAII has "heard otherwise" from its member companies and had submitted commentary letters to the NAIC from large and small property-casualty insurers about problems with their reinsurance.
